Compliance Assurance Manager

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
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
• Assist Compliance Assurance Head to execute Regulatory Risk Assessment and Annual Compliance Review Plan
• Assist Compliance Assurance Head to set up key process and procedures in RRA to ensure compliance with all applicable laws and regulations of the SBV and relevant regulators
• Enhance compliance review and monitoring framework to monitor, test and report status of regulatory compliance
• Conduct testing to ensure product-related materials, advertising, marketing and sales promotion materials in compliance with regulatory requirements and Group policies
• Conduct testing to ensure compliance with all relevant Anti-Money Laundering and Anti-Bribery & Corruption regulations, laws and Group policies
• Provide oversight on handling regulatory reporting to ensure timely reports to the SBV and relevant regulators
• Assist Compliance Assurance Head to manage regulatory compliance with applicable legislations, rules and regulations that govern banking operations in Vietnam, as well as those of Group policies, standards, and international best practices for compliance operations; and
• Assist Compliance Assurance Head to provide adequate oversight to ensure that the Bank has effective control environment to minimize compliance risk.
• Facilitate a robust assessment of main compliance risks by identifying and maintaining an inventory of all applicable Compliance Laws, Rules and Standards in a risk and control self-assessment framework in collaboration with the Business / Support Units and with the support of internal/external legal counsel where appropriate.
• Identify, assess and document compliance risks associated with the business activities of the Bank, including new products, services, business practices and business operations as well as material changes to existing business and customer relationships, etc.
• Assist Country Head of Compliance / Compliance Assurance Head in educating relevant staff on compliance issues, and act as a contact point for compliance related queries from staff.
• Provide advice, guidance and on-going training to staff to implement compliance framework, policies and procedures as assigned
• Monitor, test and report compliance with relevant compliance risk management framework and internal policies/procedures to Group Compliance, and, if required, to any regulatory authority; and
• Others as assigned by Compliance Assurance Head.