AVP, Transaction Surveillance Analyst, Compliance

Company: 2201 United Overseas Bank (Malaysia) Bhd 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 1. Primary Accountabilities The position reports directly to the Team Lead, AML/CFT Transaction Surveillance Team. The incumbent is responsible to mitigate potential financial crime risks that poses to the Bank according to the regulations and internal policies. The incumbent’s major job functions include: Review and investigate cases pertaining to financial crime risk Review and investigate cases triggered by system, internal escalations, law enforcement agencies’ orders etc. to identify potential money laundering/terrorism financing or other unusual account activities Effective communication with branch/business unit/support unit to collate information in support of decision making Prepare investigation report and maintain proper documentation/records Submission of investigation report to the national financial intelligence unit Ensure potential money laundering and counter financing of terrorism risks that have been obtained are timely executed and efficiently reported To review and evaluate all Questionable Activity Report (QAR). To determine on whether QAR has merit and should be reported to Financial Intelligence and Enforcement Department, Bank Negara Malaysia or not. Submit STR within the agreed timeline to Financial Intelligence and Enforcement Department, Bank Negara Malaysia and ensure proper filings are in compliance with the Bank’s standard requirement. Quality Assurance Ensuring the team’s overall Quality is up to standard Effective communication with analyst on errors and follow up rectification Conduct Training/sharing session and highlight significant issues, gaps and typologies Supporting Team Lead on team monitoring Managing/mentoring the analysts by ensuring they are