United Overseas Bank Ltd (UOB)

VP, Business Compliance - KYC (Private Bank)

United Overseas Bank Ltd (UOB) | Date Posted: 10-Feb-2019
Save Job
Job Category:

Job Description

Job Description:

  • Provide operational advisories to business units; assisting business units in operationalizing compliance policies/guidelines/regulatory requirements
  • Provide advisories and supervisory services to the business unit for customer on-boarding and retention of customer relationships in accordance with Group Compliance (GC) - Anti-Money Laundry (AML) endorsement framework
  • Perform review and monitoring of business unit’s adherence to the regulatory requirements
  • Perform review and testing in accordance to GC Review & Testing program
  • Monitor regulatory inspection and ML/TF/Sanction audit issues
  • Work with relevant stakeholders to address potential issues/gaps identified arising from the on-going monitoring process
  • Identify and assess money laundering, terrorist financing and sanction risk exposures for new business programs, and advise business on appropriate mitigating measures where applicable.
  • Conduct Operational Compliance Training
  • Escalate potential regulatory breaches in accordance with the escalation protocol, including ML/TF/Sanction issues and products or processes that pose significant ML/TF/Sanction risks
  • Work with GC on compliance matters and initiatives e.g. policies, guidelines, framework, training, annual compliance plan etc.
  • Conduct investigation into suspected ML/TF activities and where applicable, report suspicious activity to GC in accordance with the STR escalation protocol.

Job Requirements:

  • Degree qualified - professional compliance certification will be an added advantage.
  • Minimum 5-8 years of relevant work experience preferably in compliance, audit or operational risk management.
  • Good understanding of the various business processes supporting the Banking operations.
  • Possess strong analytical and problem-solving skills
  • Sound judgment and strong decision-making skills
  • Good verbal and written communication skills.
Company Overview
United Overseas Bank Ltd (UOB)