Regulatory Compliance Advisory

Company: 3801 UOB Vietnam

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

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.

Overview of the Role

• To promote a culture of compliance across the Bank;

• To set Bank’s policies covering ethical and compliance standards;

• To establish and implement appropriate compliance risk management techniques to ensure that the Bank’s Regulatory Compliance Risks are managed effectively;

• To set compliance training standards and facilitate the provision of appropriate training;

• To manage regulatory relationships at a Bank level and develop a plan to promote a pragmatic and healthy regulatory climate with regulators;

• To report to the Regulatory Compliance Advisory Head on the effectiveness of the Bank’s compliance arrangements, including the results of compliance monitoring, significant breaches, any instances of regulatory censure, e.g. fines of sanctions imposed, key changes in the CLRS and on liaison with the SBV.

• To assist the Regulatory Compliance Advisory Head in ensuring procedures are maintained and subject to periodic evaluation; and reporting to the CCEO and informing Businesses of the changes in the Compliance Laws, Rules and Standards (“CLRS”) relevant applicable regulations on a regular or ad-hoc basis;

• To assist relevant Businesses in developing and reviewing internal regulations to ensure compliance with the CRLS, and handle issues related to the observance of the CLRS.

Job Responsibilities

Regulatory Compliance Advisory Officer shall perform following key responsibilities:

• Identifies, assesses and documents the Regulatory Compliance Risks associated with the business activities of UOBV including new products, services, business practices and business operations and material changes to existing business and customer relationships, etc.;

• Facilitates a robust assessment of the main Regulatory Compliance Risks through a risk and control self-assessment framework in collaboration with the Businesses;

• Facilitates Businesses in the development of guidelines for use by the Senior Management, their line managers and staff where applicable;

• Assists the Senior Management in educating relevant UOBV’s staff on regulatory compliance issues, and acts as a point of contact within Vietnam for regulatory compliance queries from UOBV’s staff;

• Provides advice, guidance and on-going training to UOBV’s staff on the appropriate implementation of Compliance’s frameworks which include policies and procedures such as those contained in Regulatory Advisory Compliance’s policies/ CLRS where applicable;

• Advises the various units of UOBV and the Senior Management on regulatory obligations that are listed in Compliance’s Regulatory Risk Assessments. This includes the provision of advice on the implications of changes in the CLRS;

• Monitors, tests and reports compliance related to Regulatory Compliance Risk Governance Framework and internal policies/procedures to the Senior Management and the MC and, if required, to any regulatory authority. However, the responsibility for ensuring day-to-day compliance remains with all Businesses;

• Makes enquiries into regulatory compliance incidents and complaints that Compliance is identified as a stakeholders or directly involved by relevant parties, and carrying out further investigations into such incidents and complaints as appropriate;

• Acts as the key liaison officer with relevant external bodies, including regulators, standard setters and external experts (if required); and

• Fulfils its responsibilities under the compliance plans developed for UOBV in accordance with its regulatory compliance risk management framework including performing compliance review on a risk-based approach.

Job Requirements

Mandatory

• Bachelor’s degree in legal or banking;
• 4-5 years experience in Banking;
• Experience in managing production support and maintenance;
• 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;
• Be able to independently liaise with and to manage the SBV officers;
• Open mind-set and creative thinking.

 

Preferred:

• Legal background.

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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