AVP/VP, Wholesale Banking Advisory & Assurance, Group Compliance

United Overseas Bank
Singapore, Singapore
May 26, 2022
May 31, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
AVP/VP, Wholesale Banking Advisory & Assurance, Group Compliance

Posting Date: 24-May-2022

Location: 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
Group Compliance ("GC") 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.

Job Responsibilities
  • Provide advice either independently or with other team members on regulatory compliance issues primarily relating to the SME Banking business
  • 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
  • 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, Financial Advisers Act, Insurance 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 5 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 SME Banking 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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