SO, Wholesale AFC - CMB AML/KYC at United Overseas Bank Limited Co

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

29 Jul, 26

Salary

0.0

Posted On

30 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Anti-Money Laundering, Know Your Customer, Due Diligence, Enhanced Due Diligence, Risk Assessment, Sanction Screening, Name Screening, Adverse Media Checks, Regulatory Compliance, Financial Crime Compliance, Analytical Skills, Research, Problem-solving, Communication, Interpersonal Skills, ACAMS

Industry

Banking

Description

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 Job Summary:** Responsible for performing Anti-Money Laundering (AML) and Know Your Customer (KYC) checks for wholesale clients within the Commercial Banking (CMB) sector, ensuring compliance with regulatory requirements and internal policies. Job Responsibilities:** * Conduct thorough due diligence and enhanced due diligence (EDD) on new and existing wholesale clients in the CMB segment. * Review and analyze client information, documentation, and transaction data to identify potential money laundering or terrorist financing risks. * Perform name screening, adverse media checks, and sanction screening against relevant watchlists and databases. * Assess risk profiles of clients and assign appropriate risk ratings based on established methodologies. * Prepare comprehensive KYC reports and documentation, ensuring accuracy and completeness. * Collaborate with Relationship Managers and other internal stakeholders to obtain necessary client information and resolve discrepancies. * Stay updated on relevant AML/CFT regulations, guidelines, and industry best practices. * Identify and escalate suspicious activities or unusual transactions to the Financial Crime Compliance team. * Participate in internal and external audits related to AML/KYC processes. Job Qualifications:** * Bachelor's degree in Banking, Finance, Business Administration, Law, or a related field. * Minimum of 2-3 years of experience in AML/KYC within the financial services industry, preferably with exposure to wholesale or corporate banking clients. * Strong understanding of AML/CFT regulations and guidelines (e.g., FATF recommendations, local regulations). * Proficiency in conducting due diligence, risk assessment, and sanction screening. * Excellent analytical, research, and problem-solving skills. * Strong attention to detail and accuracy. * Ability to work independently and as part of a team in a fast-paced environment. * Good communication and interpersonal skills. * ACAMS certification or equivalent is an advantage. any other Ad Hoc task 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. Apply now and make a Difference Together, Let’s Build the Future of ASEAN We value our people and invest in them as we look to fulfil our purpose of building the future of ASEAN. We seek to create a collaborative and progressive environment for them to succeed in their careers for the long term. Explore career opportunities with us today. UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region. Career Site: UOB Career site

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Responsibilities

The role involves performing Anti-Money Laundering (AML) and Know Your Customer (KYC) checks for wholesale clients within the Commercial Banking sector. Responsibilities include conducting due diligence, identifying potential financial risks, and ensuring compliance with regulatory requirements.