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 incumbent will lead and supervise a team to deliver time sensitive support for fit and proper certification of sales representatives and persons under the Individual Accountability and Conduct (IAC) Framework as well as facilitate prompt sales licensing in accordance with regulatory requirements. This role will also manage risk management and compliance related activities for the department.
Job Responsibilities
- Responsible for end-to-end Representative Notification Framework (RNF) processes including advisory on RNF related matters and regulatory requirements, RNF data and register maintenance in the HR system, due diligence checks for newly appointed sales representatives prior to RNF lodgements, sales code issuance as well as license payments
- Closely monitor and manage MAS reporting on changes to personal particulars and/or regulated activities of sales representatives and address queries from relevant stakeholders where needed
- Work with relevant parties within and outside of HR to collate required data for regulatory reporting and ensure timelines are adhered to
- Manage regular fit and proper declarations from relevant employees, background screening and clearance of any adverse findings, and ensure that due diligence are executed promptly in accordance with regulatory and policy requirements
- Act as a central point of contact for audit and compliance review exercises
- Manage operational risk assessment programs for the department and coordinate with various teams to ensure that reviews are conducted in a timely manner with clear documentations
Job Requirements
- Recognized degree with at least 8 years of relevant experience in managing RNF and HR operations compliance / risk management activities. Those with strong foundation in compliance/business assurance may also be considered
- Supervisory experience with in-depth knowledge of MAS’ Guidelines on Fit and Proper Criteria and familiarity with RNF regulations and related transactions processing is essential
- Keep abreast of changes in RNF regulations and industry best practices
- Ability to develop good relationships and partnerships with key internal and external stakeholders
- Self-starter and detail-oriented with effective time management abilities to lead the team in managing multiple demands and paying close attention to time-sensitive tasks ensuring processing accuracy, compliance with regulatory needs and the ability to observe and operate within tight timelines
- Strong team player with good influential, interpersonal and communication skills, both verbal and written
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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