Job description

Job Description

The successful candidate will join Regulatory Compliance Department to provide regulatory compliance advice and services to the asset management business of the UOB Group. In a team of three, 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.

Key responsibilities:

• Review and prepares 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.
• Reporting of regulatory issues and breaches of the subsidiary to Group Compliance ("GC") and Domicile Country regulator, if required.
• Facilitating and/or providing training to the staff on regulatory issues/requirements.
• Other compliance tasks as assigned by Head Regulatory Compliance where required.

Key Requirements:

• Bachelor’s degree in banking, law or related discipline
• 4-6 years’ experience in Banking, Compliance, Legal
• Requires 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.

Additional Requirements