Job description

Job Description

Anti-Money Laundering - Investigations is responsible for assisting clients with anti-money laundering / Bank Secrecy Act issues, helping them to understand their risk factors, and providing advice on the implementation of detection and compliance programs. The Investigations focus specializes in ensuring the firm’s anti-money laundering monitoring program meets regulatory expectations. Monitors suspicious activity to identify customers posing a risk for money laundering and/or terrorist financing. Serves as a resource on suspicious activity monitoring to individual lines of business.

The Compliance, AML, & Control function is responsible for ensuring that all activities comply with regulatory requirements, including financial crime, anti-money laundering, anti-bribery and corruption, data privacy, and sanctions.

Job Description

• 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.

Key Responsibilities

• 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 5 years of experience in intelligence/investigation related work, preferably with prior experience in handling reviews of corporate 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.
• Experience intelligence/investigation-related work.
• Excellent analytical and problem-solving skills.

Additional Requirements