VP1, Wholesale AFC - BB AML/KYC
About this role
About UOB
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.
Job Description
About UOB
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.
About the department
UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.
As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.
UOB Group Wholesale Banking helps companies and institutions optimize their business operations and cash flow, manage risks, expand into new markets, and manage their capital needs by providing tailored financial solutions, services, and sector insights.
We help develop trusted relationships and partnerships by focusing on our clients’ long-term interests and helping them to meet their strategic objectives. Our unique combination of local, in-country presence and expertise, astute Asian market insights and regional network connectivity enables us to help unlock Asia’s potential for our clients.
Job Summary
We are seeking a highly experienced and knowledgeable VP1, Wholesale AFC - BB AML/KYC to lead and manage our Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance programs within the Business Banking (BB) wholesale sector. This role ensures adherence to regulatory requirements and internal policies, mitigating financial crime risks for UOB Innovation Hub 2 Sdn Bhd.
Job Responsibilities
* Develop, implement, and maintain robust AML/KYC policies, procedures, and controls specifically tailored for the Business Banking wholesale client segment.
* Oversee and manage the end-to-end KYC lifecycle for Business Banking clients, including onboarding, periodic reviews, and enhanced due diligence processes.
* Conduct thorough risk assessments and provide expert guidance on complex AML/KYC cases, identifying and escalating suspicious activities as required.
* Stay abreast of evolving AML/CFT regulations, industry best practices, and emerging financial crime typologies relevant to wholesale banking.
* Collaborate closely with business units, legal, compliance, and technology teams to ensure seamless integration of AML/KYC requirements into business operations.
* Prepare and present comprehensive reports on AML/KYC compliance status, risk exposure, and key performance indicators to senior management and regulatory bodies.
* Provide training and guidance to Business Banking staff on AML/KYC policies, procedures, and their responsibilities.
* Participate in internal and external audits and regulatory examinations, providing necessary documentation and explanations.
* Drive continuous improvement initiatives for AML/KYC processes, leveraging technology and automation where appropriate.
Job Qualifications
* Bachelor's degree in Finance, Business Administration, Law, or a related field. A Master's degree or relevant professional certifications (e.g., ACAMS, ICA) are highly desirable.
* Minimum of 8-10 years of progressive experience in Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance within the financial services industry, with a strong focus on wholesale or corporate banking.
* In-depth knowledge of local and international AML/CFT laws, regulations, and guidelines (e.g., FATF recommendations, local AML Acts).
* Proven experience in managing and implementing complex AML/KYC programs, including experience with Business Banking or corporate client segments.
* Strong analytical and problem-solving skills with the ability to interpret complex regulatory requirements and apply them to practical business scenarios.
* Excellent communication, interpersonal, and presentation skills, with the ability to articulate complex issues clearly and concisely to diverse audiences.
* Demonstrated leadership capabilities and experience in guiding and mentoring teams.
* Proficiency in AML/KYC screening tools and systems.
* Ability to work independently and collaboratively in a fast-paced and dynamic environment.
* Any Ad-hoc tasks
Additional Requirements
Be a Part of the UOB Family
UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.
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