Job 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.

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.

Compliance and Controls - Oversight and Controls is responsible for the design and maintenance of the firm's oversight and control frameworks. The Oversight & Controls area is responsible for the design and maintenance of the firm's oversight and control frameworks. Control Functions cover activities related to functions such as legal, compliance and anti-money laundering, audit, and risk management.

Job Responsibilities

Strategy

• Assists with the development of an overall strategy for anti-tax evasion compliance in order to manage new emerging risks while achieving the Bank's business strategic objectives within applicable compliance frameworks.
• Acts as subject matter expert on all tax evasion compliance related topics impacting UOB.
• Support the ongoing design, implementation, and execution of the Anti-Tax Evasion program.

Advisory

• Manages the flow of Tax Evasion escalations, ensuring that responses are provided by the team in a timely manner and that key stakeholders are engaged as necessary.
• Assists to interpret and advise on relevant laws and industry best practices pertaining to Anti-Tax Evasion compliance.
• Builds strong partnerships with key Line 1 and 2 stakeholders (particularly in private and wholesale banking) by strengthening the Bank's anti-tax evasion compliance controls and framework.
• Develops detailed analysis and recommendations for Tax Evasion compliance related escalations from business & support units.
• Supports and in some cases manages proactive engagement with business & support units, providing updates on Tax Evasion compliance issues

Policies/procedures and training

• Supports the development and maintenance of frameworks & policies relating to Tax Evasion compliance, including supporting business units in the implementation of an effective control framework
• Defines, updates and communicates procedures for the Tax Evasion team to ensure that Tax Evasion compliance activities are conducted with robust processes and provide sufficient support to business & support units to achieve alignment with Group tax evasion standards.
• Review and maintains relevant training material for Tax Evasion compliance and updates material to accommodate new risks and regulatory requirements, in some cases managing and overseeing the delivery of the training materials to business & support units

Senior Management engagement

• Assist in the production of Anti-Tax Evasion program metrics and other management information efforts to facilitate the reporting requirement to Senior Management on Tax Evasion operations and frameworks
• Supports the Head of Tax Evasion Pol, Adv, Training where necessary with the preparation of materials for committees and Senior Management in relation to Tax Evasion operations and frameworks

Job Requirements

• Bachelors degree holder or relevant professional qualification
• 3-5 years of experience in the financial industry with a specific focus on financial crime and some exposure to tax evasion compliance
• Understanding of banking industry, especially private and wholesale banking products
• Understanding of regulatory landscape and industry practices relating to tax evasion compliance
• Experience writing, owning and operationalizing compliance policies in a financial services/banking context
• Broad understanding of risk management, compliance and corporate governance issues
• Project management skills and familiarity with project management tools
• Experience engaging with multiple stakeholders at all levels of seniority, including Senior Management, both in Line 1 business teams and internal control teams

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.

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