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Company: 2201 United Overseas Bank (Malaysia) Bhd
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
To lead and manage the non-financial risk agenda, in both AML (including Fraud / Sanctions etc) and non-AML related activities (e.g. operational risk, regulatory compliance, FEP etc) for Wholesale Banking. This role serves as a 1.5 line of defense within Wholesale Banking and is expected to be a subject matter expert in financial crime risk and other risk areas (e.g. Operational Risk, Regulatory Compliance Risk, Third Party Risk etc) and contributes to the overall risk governance by working closely with various Business Units, Compliance, Risk, Operations, and other stakeholders to ensure effective risk identification, mitigation, and control implementation.
Job Responsibilities
Act as the risk SME within Wholesale Banking BRCM, advising on all risk areas e.g. AML, Sanctions, Fraud, Operational, Regulatory Compliance risk and emerging threats.
Maintain oversight of Wholesale Banking’s exposure to all risk areas by liaising with relevant stakeholders such as Anti Financial Crime (AFC) & Fraud Operations, Country Compliance, Risk Management and other Business Units (BU), Support Units (SU).
Promote a strong risk culture by encouraging self-identification of control deficiencies, proposing effective mitigation strategies, and tracking timely completion of corrective actions.
Collaborate with BU/SU and Country Compliance to interpret new or updated regulations and translate framework/policy requirements into actionable business processes and controls.
Design and execute assurance testing programmes to assess the effectiveness of key controls across financial crime and other risk domains to identify control gaps and weakness.
Lead thematic reviews and risk assessments related to financial crime and other risk areas, and support remediation planning and implementation.
Engage stakeholders to identify and implement analytics that enhance risk management, including working with Data Analytics teams to ensure effective data monitoring.
Provide consultative advisory to BU/SU on all risk area, supporting the design and enhancement of controls, monitoring mechanisms, and governance processes.
Review and validate Wholesale Banking SOPs, process manuals, and control documentation to ensure alignment with regulatory requirements and Group-wide policies.
Implement change, transformative or automation programmes from group or local in regard to risk and control optimization / streamlining.
Support incident management and root cause analysis for non-financial risk events, ensuring lessons learned are embedded into business practices.
Contribute to broader non-financial risk initiatives including conduct risk, operational risk, regulatory compliance, and third-party risk, ensuring alignment with Group frameworks and local regulatory expectations.
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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