Executive Director, Anti Money Laundering, Business Risk & Control Management
UOB
- Singapore
- Permanent
- Full-time
The role of Line 1 AML Advisory and Assurance is to work with Line 2 and Line 3 to jointly operationalize the risk and controls frameworks. Given the heightened risks, this role will require someone who can think out-of-the-box to challenge existing processes and better leverage data analytics to proactively manage the risks.
- Focus on proactive AML risk management by exercising risk oversight and ensuring end-to-end activities are consistent with the Group's business strategy and risk appetite.
- Responsible for process and control design of Group Retail AML activities spanning the different BUs from frontline sales, product teams, digital channel, operations units and support units.
- Design metrics to measure AML portfolio risks and oversee the AML Enterprise Wide Risk Assessment and AML Control Self Assessment.
- Provide timely and independent advisory support and guidance, training to the BUs within Group Retail.
o Reviewing and endorsing the customer onboarding and retention of relationships
o Thorough impact analysis and operationalization of controls for new regulatory requirements within stipulated timelines and prevent regulatory breaches due to inappropriate controls
- Perform independent quality assurance reviews through thematic testing and required transaction reviews to ensure effectiveness of control frameworks
- Central liason with Line 2 and Line 3 for discussion on policy and framework matters to continuously push boundaries by thinking out-of-the-box to leverage data to make the processes more efficient. Manage audit and compliance review and drive remediation for identified gaps.
- Act as secretariat for Group Retail AML Forum and other related panels
- Manage a team that specialises in AML advisory and assurance
- Training: Ensure that all BRCM staff complete the required competency trainings set out by GC; Conduct and maintain oversight on mandatory trainings to be conducted by BU
- 15+ years of experience in financial services, related to AML risk and regulatory compliance
- Proven leadership and people management skills
- Strategic thinking, analytical and result-oriented
- Strong stakeholder management