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Vice President, Compliance

Posting Date:  16-Jan-2022
Location: 

Hong Kong Island, HK

Company:  United Overseas Bank Limited (Hong Kong Office)

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.

About the Department

The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Job Responsibilities

  • Provide quality advisory service (including internal users' queries, regulator's queries/ on-site/ off-site examination, product program(s), etc.) on a timely basis to ensure compliance with all applicable statutory, regulatory and internal requirements related to the Branch's business that are not covered by AML/CFT Compliance Team
  • Disseminate information on statutory, regulatory and internal requirements related to the Branch's business that are not covered by AML/CFT Compliance Team to all relevant parties on a timely basis
  • Develop, revise, maintain policies and procedures (where applicable) in response to all applicable statutory, regulatory and Head Office requirements related to the Branch's business (that are not covered by AML/CFT Compliance Team) on a timely basis
  • Handle registration, de-registration of Relevant Individual & Executive Officer, Technical Representative & Responsible Officer and corporate licensing related to regulated activities, insurance agency to ensure compliance with all applicable statutory, regulatory and internal requirements in these aspects
  • Develop and deliver compliance training on applicable statutory, regulatory and Head Office requirements related to the Branch's business (that are not covered by AML/CFT Compliance Team) in accordance with the Compliance Plan I directive from Head Office or Local Management/ applicable statutory or regulatory requirements on a timely basis
  • Conduct compliance review on applicable statutory, regulatory and Head Office requirements related to the Branch's business (that are not covered by AML/CFT Compliance Team) in accordance with the Compliance Plan I directive from Head Office/ Management on a timely basis.
  • Handle complaint(s) that are not covered by AML/CFT Compliance Team in accordance with the Branch's Complaint Handling Procedure
  • Monitor new statutory/ regulatory developments and news related to the Branch business (that are not covered by AML/CFT Compliance Team) on regular basis
  • Provide support to Head of Compliance/ Team Head in ad-hoc projects I liaison with regulators/ Group Audit

Job Requirements

  • Degree holder in Accounting, Business Administration, Finance or Law or related discipline
  • Preferably with professional qualification in accounting/ banking
  • Minimum 6 years' experience in banking industry and/or financial regulator with hand-on compliance experience on general compliance, treasury and wealth management activities
  • Sound knowledge on various statutory and regulatory requirements relevant to banking industry and regulated activities
  • Broad product knowledge of corporate banking business and wealth management activities
  • Good command of both written and spoken English and Chinese
  • Good PC knowledge
  • Good interpersonal and problem solving skills

Be a part of 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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