Senior Officer, Business Risk Compliance Management

United Overseas Bank; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading bank in Singapore seeks a Senior Officer for Business Risk Compliance Management. The role involves overseeing compliance with financial regulations, advising business units, and ensuring effective operational practices within Retail Banking. Candidates should have a degree in Business or related fields and 3-5 years of experience in business compliance or regulatory audit. Strong analytical, presentation, and interpersonal skills are essential for this position.

Qualifications

• 3-5 years of working experience in a Retail Bank environment.
• Experience in business compliance and regulatory audit is preferred.
• Understanding of compliance regulations in Retail Banking is an advantage.
• Experience in operational risk management or internal/external audit is welcome.

Responsibilities

• Assist in assessing regulatory developments and their business impact.
• Provide operational advisories to business units on compliance matters.
• Develop sales assurance controls and coordinate their implementation.
• Conduct compliance training related to FAA sales.

Skills

Good presentation skills

Data analytics

Strong interpersonal skills

Creative and resourceful

Attention to detail

Education

Recognized degree in Business, Finance, Accountancy or Law

Tools

Excel

Job description

Senior Officer , Business Risk Compliance Management (BRCM) , Financial Advisor's Act (FAA), Group Retail

• Keeping abreast of regulatory developments and assisting to assess impact on the business, including providing advice, interpretation, and recommendation. Work with Group Compliance on compliance matters and initiatives.
• Providing operational advisories to the business unit; assist business units in operationalizing Compliance Policies & Guidelines / Regulatory Requirements.
• Assisting to develop sales assurance controls and coordinating implementation by the respective business/support functions.
• Performing periodic assessment & assurance reviews on key activities undertaken by the Business to ensure compliance/adherence with internal controls and regulatory requirements. Report findings, recommending corrective actions and preparing trend analysis as needed for management review.
• Validating new regulatory controls before the effective date of the new/revised requirements Migrated
• Conducting compliance training to the exploring the sales platform on FAA related sales.
• Co-ordinating external and internal audits (Regulator/External & Internal Auditors/ Group Compliance) of Retail Business as based on thematic coverage.
• Undertaking ad hoc projects related to business / regulatory controls.
• Requirements: Recognized degree in Business, Finance, Accountancy or Law preferred
• At least 3-5 years of related working experience in a Retail Bank environment, preferably in the areas of business compliance and regulatory audit.
• Prior experience in operational risk management within business units or internal / external audit is welcome.
• Good understanding of the regulations applicable to Retail Banking would be an advantage (e.g., Banking Act, Financial-stars, Securities and Futures Act).
• Candidates who have a strong regulatory background, compliance audit background or are currently in a business support role in the Retail Loan or Personal Wealth Management areas (e.g., secured or unsecured loan/ insurance/ investment sales) would also be considered.
• Good presentation and data analytics skills.
• Creative, resourceful, meticulous, analytical, and able to work independently with good excel and report writing skills.
• Self-driven and a team player with strong interpersonal and communication skills.