Manager, Wholesale AFC - CMB AML/KYC
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.
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.
Job Description
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**
Responsible for managing and overseeing Anti-Money Laundering (AML) and Know Your Customer (KYC) processes within the Wholesale Banking sector, specifically for Corporate & Medium-sized Business (CMB) clients, at UOB Innovation Hub 2 Sdn Bhd.
Job Responsibilities**
* Lead and manage a team of AML/KYC analysts, providing guidance, training, and performance evaluations.
* Develop, implement, and enforce robust AML/KYC policies, procedures, and controls in accordance with regulatory requirements and internal standards for Wholesale CMB clients.
* Oversee the end-to-end client onboarding and periodic review processes, ensuring timely and accurate completion of KYC due diligence.
* Conduct enhanced due diligence (EDD) for high-risk clients and complex structures.
* Monitor and analyze transaction activities to identify suspicious patterns and escalate potential AML risks.
* Prepare and submit suspicious transaction reports (STRs) to relevant authorities as required.
* Collaborate with internal stakeholders, including business units, compliance, and legal teams, to ensure effective AML/KYC compliance.
* Stay abreast of evolving AML/CFT regulations, industry best practices, and technological advancements to continually enhance processes.
* Lead and participate in internal and external audits related to AML/KYC.
* Develop and deliver AML/KYC training programs to relevant staff.
Job Qualifications**
* Bachelor's degree in Banking, Finance, Accounting, Law, or a related field.
* Minimum of 7 years of experience in AML/KYC compliance within the financial services industry, with at least 3 years in a managerial or supervisory role, specifically within Wholesale Banking.
* Strong understanding of AML/CFT regulations, including local and international standards (e.g., FATF recommendations).
* Proven experience with client due diligence, risk assessment, and transaction monitoring for corporate and institutional clients.
* Excellent analytical, problem-solving, and decision-making skills.
* Strong leadership and team management abilities.
* Exceptional communication and interpersonal skills, with the ability to articulate complex compliance matters clearly.
* Professional certification such as ACAMS (Association of Certified Anti-Money Laundering Specialists) or equivalent is highly preferred.
* Proficiency in AML/KYC compliance systems and tools.
- Any other 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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