VP, Regulatory Compliance, UOB Asset Management Permanent NEW

Posting Date: 13-Jan-2021

Location: Raffles Place, Singapore, SG

Company: UOB Asset Management Ltd

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

Job Responsibilities
The successful candidate will join the Regulatory Compliance Department to provide regulatory compliance advice and services, review and prepare all contractual agreements and prospectuses to the asset management business of the UOB Group. You will report directly to the Head of Regulatory Compliance of UOBAM Ltd. You will also assist in enhancing compliance’s global oversight of the overseas investment management entities by providing functional guidance to the Compliance Officers of these entities.

• Review and prepare Regulation Risk Assessments, Annual Compliance Plan and Manual;
• Manage regulatory compliance with applicable legislations, rules and regulations that govern asset management, as well as Group policies, standards, and international best practices for compliance operations;
• Review all product-related materials, advertising, marketing and sales promotion materials to ensure the business complies with Securities & Futures Acts (“SFA”) regulatory requirements and Group policies (“fair dealing”);
• Ensure compliance with all relevant Anti-Money Laundering and Anti-Bribery & Corruption regulations and laws and group policies;
• Provide adequate oversight to ensure the Company has effective control environment to minimize compliance risk;
• Provide advice, guidance and on-going training to staff on the appropriate implementation of compliance framework which include policies and procedures such as those contained in the Compliance Manual, internal codes of conduct and practice guidelines.
• Advise the various units/ departments of any implications of new regulations/ regulatory changes and provide guidance on the proper and prompt implementation of procedures to comply with the requirements;
• Monitor, test and report compliance with relevant compliance risk management framework and internal policies/procedures to Board of Directors, Senior Management, Group Compliance, and, if required, to any regulatory authority.
• Develop and conduct annual update of the Regulatory Risk Assessment Registers {“RRAR”) which document the regulatory obligations (Domicile Country) relevant to the subsidiary, the corresponding internal controls and procedures and the compliance risk ratings.
• Conduct Compliance Reviews on the compliance with regulatory requirements and related internal policies and guidelines.
• Coordinate the bank’s responses to requests for information and consultation papers from the regulators.
• Report regulatory issues and breaches of the subsidiary to Group Compliance (“GC”) and Domicile Country regulator, if required.
• Facilitate and/or provide training to the staff on regulatory issues/requirements.
• Other compliance tasks as assigned by Head Regulatory Compliance where required.

Job Requirements

• Bachelor’s degree in banking, law or related discipline
• At least 8 years of experience in Banking, Compliance, Legal
• Possess superior analytics and problem-solving skills. Must be attentive to details
• Ability to work in a fast-paced, team-oriented environment
• A strong & assertive communicator in speaking & writing
• Legal background and experience in banking is preferred.

Be a part of 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.

Apply now and make a difference.