First VP, Corporate Assurance, Group Compliance

Employer
United Overseas Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
05 Aug 2022
Closes
04 Sep 2022
Ref
16226074
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
First VP, Corporate Assurance, Group Compliance

Posting Date: 03-Aug-2022

Location: Raffles Place, Singapore, SG

Company: United Overseas Bank Limited

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

Job Responsibilities
  • Providing independent and objective perspective of residual compliance risk through a robust risk identification, assessment and management process
  • Facilitating internal stakeholders' design of control processes and solutions that cut across business and geographies through practical translation of the applicability of regulatory obligations into sustainable and cost effective operational requirements
  • Monitoring and performing regular assessment of the state of business compliance risks, and enforcing effective remediation through root-cause analysis to address underlying issues
  • Developing a robust compliance review plan and performing compliance reviews on the end-to-end controls on a risk based approach, in accordance with our established methodology
  • Deploying data analytics to enable proactive monitoring and management of compliance risk, and enhance the effectiveness and efficiency of compliance review work
  • Establishing tailored training programs to foster compliance literacy and promote the Bank's compliance culture and ethical conduct
  • Establishing communication surveillance methodology and performing communication surveillance on in-scope dealing staff
  • Advising the Bank's leadership on emerging regulations and regulatory issues surrounding strategic initiatives
  • Building good rapport and trust with the regulators through open and transparent communication


Job Requirements
  • Strong understanding of Banking Act, Securities and Futures Act and Financial Advisers Act preferably with experience in the Treasury banking businesses.
  • Possess market acumen to adjust and adapt to the changing regulatory landscape.
  • Good degree in Accounting, Law, Business, Banking & Finance or equivalent.
  • At least 8 years in legal, compliance, audit, risk management or regulatory work in the financial services industry.
  • Good writing and communication skills with ability to develop a strong working partnership with Global Markets and internal stakeholders.
  • Team player and demonstrated ability to manage multiple tasks and work independently.
  • High personal standard of ethics, integrity and commitment to fulfilling the objectives of the position.


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.

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