Manager, Regulatory Compliance

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.

Job Description

The regulatory compliance function provides an independent and objective perspective of regulatory risk through a robust risk identification, assessment and management process on applicable laws and regulations. Through monitoring and performing regular assessment of the state of regulatory risk including deployment of risk analytics, and enforcing effective remediation through root-cause analysis, it helps the stakeholders to address underlying issues. It also facilitates in 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.

Scope:
• 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

Requirements: 
• Strong understanding of Banking Act, Financial Advisers Act, Securities and Futures Act and Financial Advisers Act, Deposit Insurance and Policy Owners’ Protection Schemes Act.

• Preferably with experience in Wholesale Banking business.
• 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 wholesale banking business units 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.

• Ability to leverage AI‑enabled tools (e.g. data analysis, research, workflow automation) to enhance efficiency and effectiveness of work.

Additional Requirements

Be a Part of the 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.

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