United Overseas Bank Ltd (UOB)

First VP, Global Markets, Group Compliance

United Overseas Bank Ltd (UOB)| Date Posted: 22-Aug-2019
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Job Category:
'N' Levels / 'O' Levels, ITE/ NITEC/ Higher NITEC, 'A' Levels, Diploma, Bachelor's / Honours, Masters / PhD

Job Description

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 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.

Job Responsibilities

We are looking for strategic and forward-looking individuals with sound understanding of the banking business operations and underlying risk exposure to add value through:

  • 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
  • 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 communications
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 5-8 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

Apply now and make a difference.

Company Overview
United Overseas Bank Ltd (UOB)