What are the responsibilities and job description for the VP, Quality Control, Group Compliance | Singapore, SG position at United Overseas Bank?
VP, Quality Control, Group Compliance
Posting Date : 31 Jan 2025
Location : Singapore, SG
Company : United Overseas Bank Ltd
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 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
The successful candidate will be part of the Quality Control team in Group Compliance, with the following key responsibilities -
- Lead and / or execute reviews independently and efficiently, including audit planning and key control evaluation and testing.
- Assess the effectiveness and efficiency of control processes, with a view to provide value-added recommendations to stakeholders for the identified areas of concern.
- Complete assigned reviews effectively and within the established timelines.
- Perform continuous assurance on selected review areas and identify areas of improvement to ensure robustness.
- Ensure concise and clear review findings and reports are presented on a timely basis, and follow up on review findings to ensure proper resolution.
- Support the Team Lead in the preparation of periodic updates to the Group Compliance management.
- Develop use cases for the implementation of data-driven continuous assurance to provide a higher level of assurance.
- Participate in Group Compliance's strategic initiatives and projects as opportunities arise.
- Stay informed of the latest regulations and standards in the banking and financial services industry to ensure compliance and best practices.
Job Requirements
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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