AML Reviewer - Affluent Client Group

Company: 1011 United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

The AML Reviewer is responsible for conducting independent and risk‑based Anti‑Money Laundering (AML) and Counter‑Financing of Terrorism (CFT) reviews on Affluent Client Group (ACG) customers, in accordance with MAS AML/CFT Notices, UOB Group policies, and internal governance standards.

The role serves as a key control function within the ACG Middle Office, providing effective challenge over client due diligence, source of wealth/source of funds assessments, and transactional behaviour to ensure that AML risks are appropriately identified, assessed, mitigated, and escalated.

Key Responsibilities

1. Onboarding and Enhanced Client Due Diligence (ECDD) Reviews

• Perform periodic, event‑driven, and trigger‑based reviews on ACG customer accounts.

• Independently assess the adequacy, completeness, and reasonableness of:

  • Client identification and profile information

  • Source of Wealth (SOW) and Source of Funds (SOF)

  • Declared occupation, business activities, and investment rationale

• Ensure AML risk ratings are accurate, risk‑sensitive, and supported by documented justification.

• Identify inconsistencies between customer profile, wealth accumulation, and observed account activity.

• Track and monitor that the Client Advisor return the responses to customer outreach effort within prescribed turnaround time given and ensure that the overall length of review are kept within the agreed timelines.

• Maintain productivity rate based on cases of completion as per ACG preset standards

• Provide BU approvers with account strategy recommendation and justification for any mitigating controls

2. Transaction & Behavioural Risk Review

• Review transactional patterns and account activity against customer risk profile.

• Assess plausibility of large, unusual, or complex transactions common in affluent banking.

• Identify red flags relating to:

  • Cross‑border activity

  • Offshore exposure

  • High‑risk jurisdictions or products

• Escalate suspicious or unexplained activity to Group Compliance / Business Risk & Control Management team for further assessment where required.

3. Independent Challenge & Escalation

• Provide objective and professional challenge to Client Advisors (CAs) and business units where AML risk explanations are insufficient.

• Ensure AML concerns are escalated timely and transparently, without commercial influence.

• Support the preparation of STR‑related information where applicable, while maintaining proper segregation of duties.

4. Documentation, Governance & Audit Readiness

• Maintain clear, complete, and audit‑defensible review documentation, including reviewer rationale and conclusions.

• Ensure reviews are conducted in line with UOB internal policies, operating standards, and MAS expectations.

• Support internal audit, compliance reviews, and MAS inspections by providing accurate case records and explanations.

• Track and follow up on remediation actions arising from review findings.

5. Quality & Continuous Improvement

• Identify recurring gaps, control weaknesses, or RM training needs observed during reviews.

• Provide feedback to uplift overall AML review quality within ACG.

• Contribute to process enhancement initiatives, template refinements, and control strengthening measures.

• Participate in Group Compliance / Business Risk & Control Management projects, contribute to business requirements for any KYC system enhancement and conduct user acceptance testing as ACG business representative, 

Requirements & Qualifications

Experience

• 3–6 years’ experience in AML, KYC/CDD, or financial crime control within banking or financial services.

• Prior exposure to affluent, priority banking, or private banking clients is strongly preferred.

• Experience handling higher‑risk customers, complex wealth profiles, or EDD cases is an advantage.

Technical Knowledge

• Good understanding of:

  • MAS AML/CFT Notices (e.g. Notices 626 / 641 / 643 or prevailing equivalents)

  • AML risk typologies relevant to affluent clients

  • UOB‑style risk‑based AML frameworks

• Ability to assess SOW/SOF credibility and transactional reasonableness.

Competencies

• Strong analytical judgement and attention to detail

• Ability to exercise independent judgement and effective challenge

• Clear written documentation and articulation of AML rationale

• Professional stakeholder management skills

• High integrity, objectivity, and risk awareness

Conduct & Governance Expectations

• Uphold UOB’s risk culture and conduct standards, ensuring AML obligations take precedence over commercial considerations.

• Actively support the Bank’s three lines of defence model.

• Perform all duties in accordance with internal policies, regulatory requirements, and ethical standards.

Additional Requirements

Develop (Competency), Engage (Competency), Execute (Competency), Strategise (Competency)

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.

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