VP - Compliance Review & Management Reporting

  • Competitive
  • Singapore
  • Permanent, Full time
  • United Overseas Bank
  • 29 Sep 16

VP - Compliance Review & Management Reporting

Job Description
Group Compliance - Compliance Review and Management Reporting (GC-CRMR) is the centralized function in charge of driving Compliance Reviews in Singapore and Group management reporting functions.

Key Responsibilities

  • Perform centralised compliance review (non-AML) on Group Retail's and GTO's regulatory compliance control procedures/ processes to identify process gaps and assess Business and Support units' compliance with regulatory requirements and MAS Expectations.
  • Monitor Group Regulatory inspection & audit issues.
  • Coordinate and monitor corrective action plans in response to issues raised by Group Audit, External Audit and regulators to ensure a consistent response is issued.
  • Prepare Group Management Reports to escalate significant regulatory issues and updates to Board and Senior Management.
  • Perform strategic analysis of regulatory issues that impact the risk landscape of the UOB Group franchise at enterprise level.
  • Manage Regulatory Risk Assessment results and Compliance Review Plan Presentation.
  • Identify significant group regulatory breaches and highlight risk patterns and trends via periodic analysis of breaches.

  • A degree or professional qualification in accounting, business, law or related fields;
  • Must possess at least 8 years of experience in regulatory compliance work or regulatory focused audits, with strong domain regulatory knowledge of Banking Act, FAA and/or SFA;
  • Experience in audit work is a pre-requisite.
  • Ability to independently perform regulatory compliance reviews with the Business / Support Units and independently hold discussions with Business/Support Units.
  • Good organizational skills and ability to multi-task; and
  • Good analytical, communication and writing skills.