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Vice President, Group Compliance - Overseas Banking Entities in Singapore at UOB Group

Date Posted: 9/23/2018

Job Snapshot

Job Description

Functional area: Group Compliance
Employment type: Full-time
Job Type: Permanent

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 the Bank’s emerging needs.
 
In line with this new direction, we are looking for strategic and forward-looking individuals with sound understanding of the banking business operations to join our dynamic team in Group Compliance to provide governance oversight and support of the Overseas Banking Entities’ (OBE) Regulatory Compliance function and Compliance related matters, as well as participate in GC GEPM-OBE strategic projects and/or ad hoc assignments.
 
Key Responsibilities:
  • Act as main touch-point of the OBE Compliance function.
  • Provide resolution of the OBE Compliance related matters within Group Compliance and relevant stakeholders, as applicable.
  • Provide guidance on GC regulatory compliance risk framework and programs, matters relating to Overseas Banking Entities (OBE) Compliance governance and oversight.
  • Work with the OBE Compliance to understand compliance related matters as well as monitor and validate the appropriate resolutions, where applicable.
  • Be responsible for timely assessment and escalation of significant compliance related matters (such as adverse regulatory compliance risk, regulatory developments) to the Team Lead.
  • Identify systemic issues, gaps and recommend mitigating controls for application and adoption to the Team Lead.
  • Promote awareness and understanding of GC’s policies, guidelines, procedures, Singapore regulations and requirements of OBE via dialogues, formal and informal sharing/training.
  • Review OBE Compliance functions’ work paper and documentation to confirm its adequacy and completeness.
  • Provide timely maintenance and administration of GEPM (OBE) guidelines, procedures and manuals.
  • Participate in strategic projects and initiatives as and when assigned, to improve effectiveness, efficiency and productivity of the team.
  • Seek out opportunity for improvement initiatives.
Requirements:
  • Has a recognised degree or its equivalent.
  • Has minimum 4 to 8 years of relevant work experience preferably in regulatory compliance.
  • Possesses good knowledge and understanding of regulatory requirements in the financial industry.
  • Has a professional certification in Compliance is an advantage.
  • Has good communication and interpersonal skills.
  • Possess good analytical and problem-solving skills.
  • Able to work on multiple assignments and complete deliverables within timelines.