Job Description

VP, Regulatory Compliance - Retail, Group Compliance

Posting Date: 15-Mar-2023

Location: Singapore, Singapore, Singapore

Company: United Overseas Bank Ltd

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.

About the Department
Group Compliance is a strategic partner and trusted business enabler to the Board and Senior Management to ensure that the Bank continuously fulfils its regulatory obligations in today\'s tight and dynamic regulatory landscape. We work closely with our internal stakeholders to identify and assess underlying regulatory risks; develop practical solutions that integrate regulations into operational requirements; and actively shape and promote stronger compliance culture and literacy in the Bank. The competitive business environment and constant product innovation coupled with the ever evolving regulatory landscape propel the compliance function to go beyond regulatory advisory to focus on active risk identification and management, instilling a robust regulatory compliance control framework and active participation in the provision of sound and sustainable solutions to meet businesses\' emerging needs.
In line with the new direction, we are looking for strategic and forward-looking individuals with sound understanding of the banking business operations and underlying risk exposure to join our Regulatory Compliance - Retail Division.

Job Responsibilities

• To assist in the management of the compliance requirements for the Business / Support Sectors under the purview of the division.
• To assess Business / Support Sectors\' adherence to the regulatory requirements and related internal Policies and Guidelines by:-

• Developing and executing compliance review programs;
• Reviewing Business / Support Sectors\' policies, guidelines, procedures and manuals;
• Reviewing and reporting of breaches by Business / Support;
• Identifying and addressing compliance gaps in business processes; and
• Recommending appropriate remedial actions and mitigating controls.
• To provide compliance advisory services to Business / Support Sectors on regulatory requirements and industry guidelines by:-

• Identifying new and existing applicable laws, rules and industry guidelines, as well as analyzing the impact and providing recommendations;
• Handling queries and clarifications relating to relevant regulatory requirements and industry guidelines;
• Assisting Business / Support Sectors in setting up their own compliance framework, manuals, policies and guidelines and assessing the adequacy of controls;
• Reviewing Business / Support Sectors\' proposed marketing materials;
• To assist and facilitate the training for the staff of Business / Support Sectors on regulatory requirements, including:-

• Preparing training materials and quizzes;
• Reviewing/revising existing training materials and quizzes; and
• Delivering compliance training on key regulatory risk areas.
• To handle or participate in ad-hoc projects that require compliance support.
• To assist Section Head in matters related to the Regulators and Auditors (Internal and External).

Job Requirements

• A Degree or relevant qualification from a recognized institution with 3 - 8 years of working experience in the banking industry, preferably in retail banking, wealth management or insurance.
• Be familiar with the Banking Act. It will be advantageous to have knowledge on one or more of the following legislations - Financial Advisers Act, Securities & Futures Act and its related notices / subsidiary legislation.
• Prior experience in banking or insurance compliance, legal advisory, operational risk management within business units or internal / external audit will have an advantage.
• Strong analytical skills, meticulous, proactive, able to think creatively and work independently with excellent verbal and report-writing skills to effectively interact with colleagues and external parties of all levels.
• A strong team player and proficient in Microsoft office applications.

Be a part of 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.

eFinancialCareers