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
Job Objectives:
- To promote a culture of compliance across the Bank;
- To set Banks policies covering ethical and compliance standards;
- To establish and implement appropriate compliance risk management techniques to ensure that the Banks Regulatory Compliance Risks are managed effectively;
- To set compliance training standards and facilitate the provision of appropriate training;
- To manage regulatory relationships at a Bank level and develop a plan to promote a pragmatic and healthy regulatory climate with regulators;
- To report to the Regulatory Compliance Advisory Head on the effectiveness of the Banks compliance arrangements, including the results of compliance monitoring, significant breaches, any instances of regulatory censure, e.g. fines of sanctions imposed, key changes in the CLRS and on liaison with the SBV.
- To assist the Regulatory Compliance Advisory Head in ensuring procedures are maintained and subject to periodic evaluation; and reporting to the CCEO and informing Businesses of the changes in the Compliance Laws, Rules and Standards (CLRS) relevant applicable regulations on a regular or ad-hoc basis; - To assist relevant Businesses in developing and reviewing internal regulations to ensure compliance with the CRLS, and handle issues related to the observance of the CLRS.
Key responsibilities:
- Identifies, assesses and documents the Regulatory Compliance Risks associated with the business activities of UOBV including new products, services, business practices and business operations and material changes to existing business and customer relationships, etc.;
- Facilitates a robust assessment of the main Regulatory Compliance Risks through a risk and control self-assessment framework in collaboration with the Businesses;
- Facilitates Businesses in the development of guidelines for use by the Senior Management, their line managers and staff where applicable;
- Assists the Senior Management in educating relevant UOBVs staff on regulatory compliance issues, and acts as a point of contact within Vietnam for regulatory compliance queries from UOBVs staff;
- Provides advice, guidance and on-going training to UOBVs staff on the appropriate implementation of Compliances frameworks which include policies and procedures such as those contained in Regulatory Advisory Compliances policies/ CLRS where applicable;
- Advises the various units of UOBV and the Senior Management on regulatory obligations that are listed in Compliances Regulatory Risk Assessments. This includes the provision of advice on the implications of changes in the CLRS;
- Monitors, tests and reports compliance related to Regulatory Compliance Risk Governance Framework and internal policies/procedures to the Senior Management and the MC and, if required, to any regulatory authority. However, the responsibility for ensuring day-to-day compliance remains with all Businesses;
- Makes enquiries into regulatory compliance incidents and complaints that Compliance is identified as a stakeholders or directly involved by relevant parties, and carrying out further investigations into such incidents and complaints as appropriate;
- Acts as the key liaison officer with relevant external bodies, including regulators, standard setters and external experts (if required); and
- Fulfils its responsibilities under the compliance plans developed for UOBV in accordance with its regulatory compliance risk management framework including performing compliance review on a risk-based approach.
Qualifications:
- Bachelors degree, preferably in legal or banking.
- At least 5 years experience, preferably in Banking.
- Proficient and confident communicator in both spoken and written English and Vietnamese.
- Be able to independently liaise with and to manage the SBV officers.
- Experience in managing production support and maintenance.
- Requires superior analytics and problem-solving skills. Must be attentive to details.
- Ability to work in a fast-paced, team-oriented environment.
- Open mind-set and creative thinking.
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&aposs 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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