SVP, Anti-Money Laundering (AML) Operations, Group Retail
Posting Date: 4 Sep 2024
Location: Raffles (City Area), SG, 048624
Company: United Overseas Bank Ltd
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.
About the Department
The Transformation & COO Office is the enabler to achieve the business goals across the 3 business units of Group Retail - Personal Financial Services, Business Banking and Private Banking. Group Retail has 13 strategic programs that cover customer touchpoints (digital and omnichannel), core product capabilities (cards, wealth, business banking) in addition to data and productivity programs. Each program has embarked on the new ways of working which is on the journey to develop empowered, cross-functional teams. The Transformation Office is the central role that maintains the cadence with each program and brings together the interdependencies across programs.
Job Responsibilities
Overall responsibility for the AML Operations Function including Periodic Review, Trigger Review, Name Screening and Exit Management. Reporting to Head of Anti-Financial Crime Operations – Group Retail.
Operational effectiveness and control:
1. Continuously reviews existing processes for opportunities to improve effectiveness and efficiency. Manages the effective communication and execution of the strategy.
2. Oversees operational performance, i.e., cost, business outcomes and operational & AFC risk. Leverages best practices and operational efficiencies across the AML processes (Ongoing Review, Trigger Review, Name Screening and Exit Management).
3. Ensures consistent translation, application and fulfillment of the policies, ensures SLAs are met and backlogs are remediated in a timely manner, manages operating metrics. Drives team productivity across the various AML processes.
4. Improves allocation of resources and realizes synergistic opportunities for the function.
5. Reviews audit reports, compliance reviews, and QA reports and takes appropriate action regarding any significant findings.
Leadership and capacity management:
1. Manages the GR-AML Operations, including defining individual roles/responsibilities/goals; hiring; promotions; performance reviews etc. Ensures staff concerns are addressed and team members are given career advancement opportunities in order to maintain high morale and limit attrition.
2. Defines and delivers strategy for AML Operations effectively and efficiently with adequate governance around risk and cost.
3. Establishes and leads an effective, high performing team through communication, performance management, and development planning and reward/recognition practices.
4. Monitors capacity and identifies skills/knowledge gaps to ensure the Team has the required training, skills, experience and capacity.
Job Requirements
* Strong experience in driving operational excellence and managing banking operations (incl. managing a large team including budgets, people strategy and driving efficiency and effectiveness gains).
* 10-15 years experience in anti-money laundering and banking operations at a peer institution.
* Strong domain knowledge in AML and Sanctions (other Fin. Crime risks are a plus).
* Strong knowledge of the latest financial crime investigation processes and methods.
* Understanding of MAS current and future expectations.
* Experience engaging with and influencing Senior Management on financial crime and operational issues. Exceptional interpersonal, communication and stakeholder management skills.
Be a part of 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.
Apply now and make a difference.
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