United Overseas Bank Ltd (UOB)

Senior Vice President, Group Compliance – Group AML/CFT Advisory Head

United Overseas Bank Ltd (UOB) | Date Posted: 6-Dec-2018
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'N' Levels / 'O' Levels, ITE/ NITEC/ Higher NITEC, 'A' Levels, Diploma, Bachelor's / Honours, Masters / PhD

Job Description

Functional area: Group Compliance
Employment type: Full-time
Job Type: Permanent

Group Compliance is a strategic partner and trusted business enabler to the Board and Senior Management to ensure that the Bank continuously fulfils its AML/CFT regulatory obligations in today’s tight and dynamic regulatory landscape. 
We work closely with our internal stakeholders to identify and assess underlying regulatory risks; develop practical solutions that integrate regulations into operational requirements; and actively shape and promote stronger compliance culture and literacy in the Bank.
The competitive business environment and constant product innovation coupled with the ever evolving regulatory landscape propel the compliance function to go beyond regulatory advisory to focus on active risk identification and management, instilling a robust regulatory compliance control framework and active participation in the provision of sound and sustainable solutions to meet the Bank’s emerging needs.
In line with this new direction, we are looking for a strategic and forward-looking Leader to lead our AML/CFT Advisory team in Group Compliance:
  • Direct reporting line into Group Head, AML/CFT/Sanction 
  • Providing  independent and objective perspective of AML/CFT/Sanction  risk through a robust risk identification, assessment and management process across diverse businesses
  • Facilitating internal stakeholders’ design of AML/CFT/Sanction  control processes and solutions that cut across business and geographies through practical applicability of regulatory obligations
  • Monitoring and performing regular assessment of the state of business compliance risks, and enforcing effective remediation through root-cause analysis to address underlying issues
  • Explore development of data analytics to enable proactive monitoring and management of AML/CFT risk, and enhance the effectiveness and efficiency of compliance review work
  • Establishing tailored AML/CFT training programs to foster compliance literacy and promote the Bank's compliance culture and ethical conduct
  • Advising on and enabling the prevention of financial crimes such as money laundering and financing of terrorism
  • Advising the Bank’s leadership on emerging AML/CFT regulations and regulatory issues surrounding strategic initiatives
  • Building good rapport and trust with the regulators and internal stakeholders through open and transparent communications
  • At least 10 years of relevant work experience, preferably in compliance, audit or operational risk management.
  • Strong understanding of Prevention of Money Laundering and Countering the Financing of Terrorism Act and other relevant regulations.
  • Possess market acumen to adjust and adapt to the changing regulatory landscape.
  • Prior experience in leading a team of AML advisory professionals to develop a strong working partnership with external and internal stakeholders and the ability to balance the team’s strategic and day-to-day transactional perspective
  • Strong stakeholder management with the ability to lead and influence at a senior levels across diverse businesses
  • Good writing and communication skills
  • Team player and demonstrated ability to manage multiple tasks and work independently
  • High personal standard of ethics, integrity and commitment to fulfilling the objectives of the position.
Company Overview
United Overseas Bank Ltd (UOB)