VP, Business Risk & Control

Company: 2201 United Overseas Bank (Malaysia) Bhd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

Compliance related matters (including AML/KYC, Regulatory related)

• To support the Team Lead in collaboration with compliance and Wholesale Banking Business Risk and Control team and relevant stakeholders to ensure appropriate operationalization of Group and local guidelines.
• Coordinate and work with stakeholders to conduct gap analysis on regulatory policy and guidelines issued by country regulator, MAS and Group Compliance against existing implemented guidelines and processes.
• Conduct periodic review of the BU internal SOP, initiate changes to the SOP in accordance with the regulatory guidelines and processes, ensure gaps identified in previous audit reviews are addressed and updated to the SOP where applicable. Highlight potential future audit issues to relevant stakeholders to ensure appropriate mitigating actions can be implemented.

Governance Advisory and Assurance

• Process streamline, provide recommendations and mitigating controls for escalations related to AML KYC and BNM regulatory requirements.
• Provide baseline advisory to Frontliners and product managers on regulatory guidelines and policies, external environment change that will impact the business segment- Emerging Enterprise (EE) and ensure compliance.
• To uplift AML KYC and local regulatory awareness and knowledge of EE Sales via training and case learning.
• To uphold service excellence at all times.
• Ensure timely communication of all changes impacting customers and staff.
• Conduct Assurance review and postmortem analysis.
• Coordinate audit inspections and reviews conducted by Internal / Group Audit and Country Compliance and external audit inspections conducted by external auditors and country regulator.

Risk Culture & Operational Risk Management

• Support the Team Lead in driving the initiatives to raise risk awareness within EE.
• Assist in managing operational risks through implementation of effective operational risk control standards that meet Group and local policies and standards as well as regulatory requirements.
• Provide opinion to business unit for operational risk issues arising from new business initiatives or during the course of conducting business.
• Timely reporting of operational lapse/loss incidents, losses and recovery. Engage relevant stakeholders for timely rectification and track and follow through for closure within agreed timeline.
• Partner with Sales Performance Management and Business Head to ensure effective execution of consequences management.
• Drive MRAs and Process improvement.

Job Requirements

• Professionally qualified – Graduate or Postgraduate in Banking/Finance or related discipline.
• Minimum 5-8 years of experience in either banking or financial institution with responsibility in managing compliance risk especially in financial crime compliance (fraud / sanctions/ anti money laundering) and BNM regulations compliance.
• Knowledge of legislative/regulatory requirements of banking and financial institutions, banking products and AML/CFT are a key requirement.
• Demonstrate ability to effectively communicate, both orally and in writing, through all levels of the organization.
• Excellent stakeholder management skills.
• Attentive to details, possess investigative nature and the ability to deal with potentially contentious issues effectively.
• Able to work independently as well as in a team.

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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