Ensure reviews into the alerts triggered by Group approved AML transaction monitoring system(s), escalations on suspicious AML/CFT activities from business/support units and cases arising from other relevant sources (e.g adverse news in media) are in accordance to Group standards.
Prepare and submit suspicious activity/transactions reports to the relevant local law enforcement authorities or Financial Intelligence Units in accordance to AML/CFT legislative and regulatory requirements and Group standards.
Provide relevant advisories to business/support units and other AML/CFT teams on matters arising from reviews and investigations conducted by the unit.
Perform analysis of suspicious activity/transaction reports to identify AML/CFT risk trends to support appropriate actions to strengthen AML/CFT controls in the Group.
Ensure proper documentation and record keeping of reviews and investigation cases in accordance to Group standards.
Provide inputs and support to strengthen the transaction surveillance and intelligence operating framework and procedures across the Group.
Job Requirements
Minimum 3 years of experience in intelligence/investigation related work, preferably with prior experience in handling transaction monitoring reviews of client accounts.
Good knowledge/understanding of banking and financial services laws and regulations, compliance best practices and understanding of financial products and systems.
Strong Interpersonal, communication and presentation skills.
Company: 1011 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. It is how we work, consistently, be it towards the company, our colleagues or our customers.
Job Description
Anti-Financial Crime - Investigation and Intelligence is responsible to (a) investigate into cases arising from designated AFC surveillance solutions, at the instruction of relevant senior(s), and from other approved channel(s); (b) receive, retrieve, process and make sense of information and intelligence for AFC purpose; and (c) own policies, procedures, guidelines, processes and controls to ensure that the above operate at an adequate level as prescribed by the Bank.
A key objective of AFC I&I is to drive an effective framework for the Bank to identify and investigate into complex, unusually large or unusual patterns of transactions and/or behaviors. It is responsible for discharging regulatory requirement on the Bank to disclose suspicious behavior, and to work with relevant stakeholders on risk management, at both customer, portfolio and Bank level as a result of its outputs and relevant environmental scanning.
To ensure timely review of alerts from Group approved AML transaction monitoring system(s), escalations on suspicious AML/CFT activities from business/support units and cases arising from other relevant sources (e.g adverse news in media).
To ensure timely submission of suspicious activity/transactions reports to the relevant law enforcement authorities or Financial Intelligence Units as required by the AML/CFT legislative and regulatory requirements.
To support the Team Lead of Transaction Surveillance Team in continuously strengthening and developing the transaction surveillance and intelligence framework within the UOB Group.
To provide relevant and emerging AML/CFT risk issues from analysis of suspicious activity/transactions reports submitted.
Uobgroup · Central Region (city Area)