Assistant VP, Anti-Financial Crimes Assurance, Group Compliance

UOB•Phoenix, AZ

36d

About The Position

About the Department The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Requirements

Bachelors degree holder (with major in Accounting, Business Administration, Economics, Finance or Law, or equivalent qualification preferred)
6-8 years of experience in financial services assurance or compliance testing
Excellent knowledge of anti-financial crime processes and controls within a financial services context
Good understanding of Line 1 business divisions and activities within a full-service bank
Understanding of relevant financial crime and broader financial services regulatory landscape
Knowledge of local financial crime regulatory frameworks within SEA valued
Project management skills and familiarity with project management tools
10-15% of traveling required

Nice To Haves

Knowledge of local financial crime regulatory frameworks within SEA valued

Responsibilities

Assists the OCM Head of AFC Assurance in developing a robust AFC assurance plan for UOB’s international operations
Liaises with internal stakeholders and conducts research to identify potential areas to review as part of the assurance plan, synthesizing findings for the Head of AFC Assurance
Develops strong working relationships with key stakeholders within local compliance teams in UOB’s international operations, coordinating regular touchpoints between these teams and the OCM AFC assurance team
Plans specific assurance engagements including review scope, key dependencies, and timelines. Ensures engagement plans are communicated and aligned with key stakeholders
Researches and collates relevant regulatory and policy documentation ahead of specific engagements, liaising with both local compliance teams and relevant Line 1 stakeholders where necessary
Develops detailed testing methodologies for each review in line with the overall AFC assurance methodologies, aligning plans with the Head of AFC Assurance
As part of engagements conducts detailed reviews of controls design, implementation and outcomes to assess effectiveness and efficiency. Includes document review and interviews where necessary
Drafts review findings including providing ratings where relevant, reporting key findings and details to the Head of AFC Assurance
Works and agrees with key stakeholders in both Line 1 and Line 2 (local compliance) teams on the corrective action plans, ensures that progress of action plans is on track and performs the issues validation
Supports in the preparation of reporting and MI for Senior Management and relevant committees, summarizing key activities of the OCM AFC Assurance Team