VP, Governance & Liaison, Group Compliance

UOB (United Overseas Bank); Singapore; On-site; SGD 180,000 - 280,000; Full time

Benefits offered by this job

Equal opportunity employer

Job summary

1011 United Overseas Bank Ltd in Singapore seeks a senior regulatory liaison professional to lead engagement with MAS within Group Compliance and to coordinate regulatory submissions and reporting.

You will oversee governance reporting, analyze compliance data for risks and provide insights to senior management and board committees. The role requires a degree and at least 10 years in a major financial institution, with strong communication and networking skills.

Qualifications

• Degree qualification with at least 10 years of work experience.
• Experience with regulatory engagement and governance in financial institutions.
• Strong communication, initiative, and accountability.

Responsibilities

• Develop strategy for regulatory relationship management with MAS.
• Coordinate regulatory submissions and information requests.
• Prepare compliance reports to MAS, senior management, and boards.

Skills

Communication skills

Regulatory awareness

Stakeholder management

Education

Bachelor's degree or higher

Job description

Company: 1011 United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

As part of the Governance & Liaison team in Group Compliance, the successful candidate plays a key role in the strategy and execution of ongoing engagement and relationship management with MAS, as well as to deliver compliance-related management reports to senior management. Key responsibilities include –

Regulatory liaison

• Develop strategy and governance for regulatory relationship management and engagement to ensure close and positive relationship with MAS
• Liaise with MAS and internal stakeholders on regular regulatory submissions (including annual CRAFT submission) and ad-hoc information requests
• Oversee the coordination of meetings with MAS (including Supervisory College and Annual Business Meetings)
• Coordinate bank-wide MAS consultation papers and MAS inspections where necessary
• Oversee the dissemination of regulatory updates to Group Compliance teams
• Manage the analysis of regulatory communication to uncover insights and hotspots, using data analytics
• Manage reporting to senior management on regulatory interaction and insights

Management reporting and governance

• Support the timely and accurate preparation and delivery of compliance-related reports to MAS, senior management and board committees
• Analyze compliance data (such as regulatory breaches) and trends to identify potential risks and emerging issues
• Manage ad-hoc requests from senior management, stakeholders, and regulators

Job Requirements

• Degree qualification with at least 10 years of work experience, preferably with prior experience working with the local banking regulator.
• Prior regulatory engagement or governance role at a major financial institution will be an advantage
• Demonstrate high level of initiative, pro-activeness and accountability.
• Excellent verbal and written communication skills, with the ability to synthesize complex concepts into clear, concise materials for regulators and senior executives.
• Ability to build strong internal and external networks and experience engaging with senior management on strategic regulatory issues
• Ability to establish and maintain positive engagement with regulators, internal stakeholders and team members
• Ability to work independently and as part of a team in a fast-paced and dynamic environment

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.