VP/FVP, Business Risk Advisory

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 Group Retail provides Personal Banking and Private Bank customers with financial solutions tailored to their needs at every stage of their lives. Through our omni-channel strategy, customers can access services through our global network of branches, self-service machines, automated teller machines and internet and mobile banking solutions.

Job Responsibilities

The successful candidate will be part of the Business Risk and Control Management Anti-Financial Crime team within Group Retail (“GR”) that covers a range of banking segments and products. The key responsibilities, covering AML risks, are as follows:

• Formulate and strengthen governance on all risk frameworks, policy, framework, ensuring that GR comply with all applicable legislations, including Anti-Money Laundering crimes.

• Liaise with internal stakeholders to identify priority areas for review based on control criticality, emerging risks and regulatory focus.

• Provide effective challenge to internal stakeholders on existing controls.

• Provide advisories and review GR’s AML policies and guidelines.

• Work with multiple internal stakeholders to deliver desired outcomes.

• Review and identify key emerging risks in GR and/or industry and propose risk mitigating measures/controls.

• Ensure that potential risk issues highlighted by various Bank’s risk functions, such as Group Compliance and Group Audit, are properly communicated and/or addressed within GR.

• Work with Group Compliance and other internal risk departments to ensure that activities are coordinated to avoid duplication and improve the overall effectiveness.

• Identify and work with Business Units/GR Data Analytics teams on risk management initiatives, thereby increasing operational efficiencies and enhancing proactive risk identification.

• Support the Business Units/Support Units in risk identification, escalation and remediation.

• Monitor the effectiveness of the Business Units/Support Units controls (for example, through risk culture/operational risks dashboards, audit reports and fair dealing scorecard).

• Prepare risk management reports.

• Provide guidance to BRCMs in overseas locations on Group’s risk management initiatives and/or share application/implementation/best practices at Group.

• Able to articulate and present to senior internal and external stakeholders including regulators and external audit.

• Ensure that GR is kept abreast of the latest developments (including best practices), on both the risk and regulatory front.

• Conduct training where necessary.

Job Requirements

Education

• Good degree holder in Banking, Finance or Accounting

• Certification in regulatory compliance and/or anti-financial crimes is a must

Experience and Skills

• Degree or professional qualification in business or banking/financial services related areas

• Has minimum 10 years of relevant work experience preferably in audit, regulatory compliance/Line 1 Risk and Control role in retail banking/ banking of a full-service bank

• Excellent knowledge of Singapore’s regulations, particularly on anti-financial crimes

• Proven and relevant experience in regulatory compliance in a financial services institution is required

• Prior experience in risk/controls design and assessment is required.

• Prior experience in regulatory framework of South East Asia region is preferred.

• Prior experience in project and change management and/or process engineering would be a clear advantage

• Data management and data analytics is preferred.

• Able to write macros on Microsoft excel or basic programming skill is an advantage.

• Excellent communication (written, verbal) and interpersonal skills to positively influence people to make the appropriate decisions and resolve conflicts effectively

• Team player, self-driven with strong interpersonal as well as communication and stakeholder management skills

• Resourceful, meticulous, analytical and able to work independently with excellent verbal and report-writing skills.

• Growth mindset, i.e. openness to learn and take on other risks types

• Strategic mindset with the ability to have a holistic view for the Group

• Possess creativity and self-motivation to find solutions in an ever-evolving regulatory environment.

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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