Company: 1011 United Overseas Bank Ltd
About UOB
United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.
Job Description
Anti-Money Laundering - Oversight and Controls is responsible for designing & executing a robust AFC assurance plan for UOB’s overseas operations. Liaises with both Line 1 assurance owners and Internal Audit to ensure that activities are coordinated in order to avoid duplication and improve the overall effectiveness of UOB’s assurance programme for overseas operations. Coordinates with AFC risk type experts and local compliance teams to ensure assurance plans incorporate qualitative determinations of the most high risk areas and areas identified as potentially needing control or process improvements. Provides expert knowledge on assessing the effectiveness of financial crime controls. Oversees specific assurance engagements including providing expert guidance on review planning, finding interpretation and follow up actions. Oversight role aims to drive quality culture in the team, coaching team members taking steps to improve the quality of assurance outputs. Works with local compliance teams to engage with senior business and control owners in Line 1 within UOB’s international operations to ensure remediation plans are designed and executed in response to review findings. Provides effective challenge through these engagements, ensuring corrective actions and remediation of assurance findings are prioritised by Line 1 teams. Contributes to the continued enhancement of compliance assurance methodologies and standards (in cooperation with Internal Audit and other GC assurance teams).
The Compliance, AML, & Control function is responsible for ensuring that all activities comply with regulatory requirements, including financial crime, anti-money laundering, anti-bribery and corruption, data privacy, and sanctions.
Experience
- Significant experience in AML/CFT, financial crime compliance, assurance, audit, risk management or controls, preferably within a financial institution.
- Strong practical understanding of core AML/CFT areas such as customer due diligence/KYC, transaction monitoring, sanctions/screening, suspicious transaction reporting and related AFC controls.
- Demonstrated experience leading complex assurance, compliance review, audit or risk assessment work.
- Experience in developing or applying risk-based assurance methodology, annual risk assessments or assurance planning frameworks.
- Practical experience with Data Analytics within an assurance, audit, compliance or risk environment.
- Exposure to AI/GenAI/Copilot applications within risk, compliance or assurance would be highly advantageous.
Capabilities
- Strong AML/CFT subject matter expertise and ability to connect regulatory requirements with operational processes and controls.
- Strong analytical capability, including ability to translate assurance hypotheses and risks into data-driven testing approaches.
- Strong understanding of assurance methodology, risk assessment, evidence standards and documentation.
- Ability to critically assess the output of AI and analytics rather than rely on technology-generated conclusions.
- Strong stakeholder management and communication skills, including confidence engaging senior stakeholders.
- Strong leadership, coaching, judgement and problem-solving capabilities.
- Ability to operate across both technical detail and senior-management-level communication.
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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