United Overseas Bank Ltd (UOB)

AVP/MGR, Business Compliance Officer, Business Compliance (Retail)

United Overseas Bank Ltd (UOB) Date Posted: 8-Nov-2017

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Job Description

AVP/MGR, Business Compliance Officer, Business Compliance (Retail)
The successful candidate will be part of the Business Compliance specialist team residing in the Retail Segment in UOB Singapore which comprises of Personal Financial Services and Business Banking (Retail Small Business).  You are expected to be familiar with the rules and regulations relevant to consumer banking and retail small businesses.  You will be working closely with the Group Compliance and Business in managing business compliance risks by assisting them with the development and update of compliance controls and monitoring, and by the provision of advice on regulatory matters. Additionally, you will be involved in the preparations of periodic compliance returns and internal risk reporting.
 
Job Responsibilities:  

  • Keeping abreast of regulatory developments and assisting to assess impact on the business, including providing advice, interpretation and recommendation.  Work with GC on compliance matters and initiatives
  • Provide 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 review & testing on key activities undertaken by the various units to ensure compliance/adherence with internal controls and regulatory requirements and ensuring that the review & testing process is robust. Reporting findings, recommending corrective actions and preparing trend analysis for management review
  • Validate new regulatory controls before the effective  date of the new/revised requirements
  • Conducting Operational Compliance Training for the sales platform
  • Coordinating 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

 
Job Requirements:

  • Recognized degree in Business, Finance, Accountancy or Law
  • At least 1 to 3 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 communication 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

AVP/MGR, Business Compliance Officer, Business Compliance (Retail)
The successful candidate will be part of the Business Compliance specialist team residing in the Retail Segment in UOB Singapore which comprises of Personal Financial Services and Business Banking (Retail Small Business).  You are expected to be familiar with the rules and regulations relevant to consumer banking and retail small businesses.  You will be working closely with the Group Compliance and Business in managing business compliance risks by assisting them with the development and update of compliance controls and monitoring, and by the provision of advice on regulatory matters. Additionally, you will be involved in the preparations of periodic compliance returns and internal risk reporting.
 
Job Responsibilities:  

  • Keeping abreast of regulatory developments and assisting to assess impact on the business, including providing advice, interpretation and recommendation.  Work with GC on compliance matters and initiatives
  • Provide 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 review & testing on key activities undertaken by the various units to ensure compliance/adherence with internal controls and regulatory requirements and ensuring that the review & testing process is robust. Reporting findings, recommending corrective actions and preparing trend analysis for management review
  • Validate new regulatory controls before the effective  date of the new/revised requirements
  • Conducting Operational Compliance Training for the sales platform
  • Coordinating 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

 
Job Requirements:

  • Recognized degree in Business, Finance, Accountancy or Law
  • At least 1 to 3 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 communication 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

Company Overview

United Overseas Bank Ltd (UOB)
United Overseas Bank Ltd (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. Today, UOB is rated among the world’s top banks: ‘Aa1’ by Moody’s and ‘AA-’ by Standard & Poor’s and Fitch Ratings. Generations of UOB employees for the past 80 years have carried through the entrepreneurial spirit, focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues. At UOB, we believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and grow their businesses,