- Review and investigate cases pertaining to financial crime risk
- Review and investigate cases triggered by system, internal escalations, law enforcement agencies' orders etc. to identify potential money laundering/terrorism financing or other unusual account activities
- Effective communication with branch/business unit/support unit to collate information in support of decision making
- Law Enforcement Agencies Management
- Act as Liaison between the bank and Law Enforcement Agencies
- Timely response to requests initiated by all relevant competent authorities as per stipulated turn-around-time (TAT)
- Effective communication with branch/business unit/support unit to gather information or documentation
- Review and investigate customers that are served with Law Enforcement Agencies orders
- Quality Assurance
- Perform quality assurance review on closed alerts to determine key issues, gaps and potential risks
- Professionally qualified – Graduate or Post Graduate in a numerate or research discipline.
- At least 2-3 years of overall experience with experience general financial crime compliance (fraud / sanctions/ anti money laundering) or intelligence experience.
- Exposure to Compliance and risk management with deep understanding in AML/CFT will be an added advantage
SO-AVP, AML/CFT Transaction Surveillance Investigation, Compliance - Kuala Lumpur, Malaysia - United Overseas Bank
Description
SO-AVP, AML/CFT Transaction Surveillance Investigation, Compliance
Posting Date: 26-May-2023 Location:Kuala Lumpur, Wilayah Persekutuan, MY
Company: United Overseas Bank (Malaysia) BhdAbout 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.
About the Department
The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today's tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.
Job Responsibilities
The position reports directly to the Team Lead, AML/CFT Transaction Surveillance and Intelligence.
The incumbent is responsible to mitigate potential financial crime risks that poses to the Bank according to the regulations and internal policies.
Job Requirements