VP, BRCM, Group Retail

Employer
United Overseas Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
22 Nov 2022
Closes
22 Dec 2022
Ref
17859355
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
VP, BRCM, Group Retail

Posting Date: 18-Nov-2022

Location: Singapore (City Area), Singapore, 048624

Company: United Overseas Bank Ltd

Specific roles and responsibilities include:

  • Keeping abreast of regulatory developments and assisting to assess impact on the business, including providing advice, interpretation, and recommendation. Work with Group Compliance on compliance matters and initiatives.
  • Providing operational advisories to the business unit; assist business units in operationalizing Compliance Policies & Guidelines / Regulatory Requirements.
  • Assisting to develop sales assurance controls and coordinating implementation by the respective business/support functions.
  • Performing periodic assessment & assurance reviews on key activities undertaken by the Business to ensure compliance/adherence with internal controls and regulatory requirements. Report findings, recommending corrective actions and preparing trend analysis as needed for management review.

  • Validating new regulatory controls before the effective date of the new/revised requirements
  • Conducting compliance training to the sales platform on FAA related sales
  • Co-ordinating external and internal audits (Regulator/External & Internal Auditors/ Group Compliance) of Retail Business as based on thematic coverage.
  • Undertaking ad hoc projects related to business / regulatory controls

Requirements:

  • Recognized degree in Business, Finance, Accountancy or Law
  • At least 3 to 5 years of related working experience in a Retail Bank environment, preferably in the areas of business compliance and regulatory audit
  • Prior experience in operational risk management within business units or internal / external audit is welcome
  • Good understanding of the regulations applicable to Retail Banking would be an advantage (e.g. Banking Act, Financial Adviser Act, Securities and Futures Act)
  • Candidates who have a strong regulatory background, compliance audit background or are currently in a business support role in the Retail Loan or Personal Wealth Management areas (e.g. secured or unsecured loan/ insurance/ investment sales) would also be considered
  • Good presentation and data analytics skills
  • Creative, resourceful, meticulous, analytical, and able to work independently with good excel and report writing skills
  • Self-driven and a team player with strong interpersonal and communication skills