VP, AML/CFT/Sanctions Policy, Advisory & Training

Supports the Head of AML/CFT Sanctions Policy, Advisory and Training in the development 2 Line of Defense control and oversight framework for Anti-Financial Crime (AFC) compliance engagement with Line 1 entities.

Ensure AML/CFT Sanctions standards and requirements are implemented to a high standard throughout the UOB Group.

Acts as a subject matter expert AML/CFT Sanctions related topics impacting UOB.

Supports the ongoing design, implementation, and execution of the Group AML/CFT Sanctions Programme.

Supports the Bank's AML Uplift journey; whereby the primary focus is to provide SME advice and collaborate with relevant stakeholders and in the review and development of AML related controls and processes, relating to customer life cycle

Manages the flow of AML/CFT Sanctions escalations, ensuring that responses are provided by the team in a timely manner and that key stakeholders are engaged as necessary

Develops detailed analysis and recommendations for AML/CFT Sanctions compliance related escalations from business & support units

Supports and in some cases manages proactive engagement with business & support units, providing updates on AML/CFT Sanctions compliance issues

Supports the oversight of the AML/CFT Sanctions policies, directives, guidelines, standards and procedures to ensure compliance with regulatory and Group standards.

Provides oversight of AML/CFT Sanctions policies, exemptions, exceptions and breaches.

Work closely with respective Business Segments to provide oversight in regard to emerging risks identified in the segment through trends analysis, new products/channels expansions or offering.

Serves as the primary interface working closely with the Business Segments to provide SME advisory on policies and issues relating to AML/CFT Sanctions, pertinent to the Business Segments.

Reviews high risk clients escalated from Business segments and advise the Business segments if risk mitigating measures are appropriate.

Collaborates with relevant stakeholders in the review and development of AML related controls and processes (with a focus on cross segment initiatives) to ensure risks are effectively identified, mitigated at a holistic level; prior to new product/services launches.

Supports the development and maintenance of frameworks & policies, directives, guidelines, standards and procedures relating to AML/CFT Sanctions compliance, including supporting business units in the implementation of an effective control framework.

Reviews regulatory consultation papers and represent UOB in industry discussion; monitoring regulatory issues related to AML/CFT/Sanctions to ensure timely resolution; develop and adopt AML/CFT/Sanctions risk assessment

Maintains relevant training material for AML/CFT Sanctions compliance and updates material to accommodate new risks and regulatory requirements, in some cases managing and overseeing the delivery of the training materials to business & support units.

7-10 years of experience in the financial industry with a specific focus on AML/CFT Sanctions

Strong knowledge of AML/CFT Sanctions regulatory frameworks

Experience with AML/CFT Sanctions control/policy design and implementation

Understanding of banking industry, esp. retail and wholesale banking products

Experience writing, owning and operationalizing compliance policies in a financial services/banking context

Experience engaging with multiple stakeholders at all levels of seniority, including Senior Management, both in Line 1 business teams and internal control teams