Senior Officer, Business Risk Compliance Management

United Overseas Bank Limited (UOB); Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading bank in Asia is seeking a Senior Officer in Business Risk Compliance Management. The role involves assessing regulatory impacts, providing operational advisories, and developing compliance controls. Candidates should have a degree in Business, Finance, Accountancy or Law, with 3-5 years of experience in a Retail Banking environment. Strong skills in compliance, data analytics, and interpersonal communication are essential. Join a forward-thinking team and make a difference in the banking sector.

Benefits

Equal opportunity employer

Diverse work environment

Qualifications

• Recognized degree in Business, Finance, Accountancy or Law preferred.
• 3-5 years of experience in a Retail Bank environment.
• Good understanding of regulations applicable to Retail Banking.

Responsibilities

• Assist in assessing regulatory developments and their impact on the business.
• Provide operational advisories to the business unit.
• Develop sales assurance controls and coordinate implementation.

Skills

Operational risk management

Regulatory compliance

Data analytics

Presentation skills

Interpersonal skills

Education

Degree in Business, Finance, Accountancy or Law

Tools

Excel

Job description

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

Position

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
• Conducting compliance training to 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 Adviser Act, 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

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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