About the role
AI summarisedAssistant Vice President in Regulatory Compliance at UOB Asset Management, responsible for providing compliance advice and services to the asset management business, managing regulatory risks, and overseeing compliance functions across overseas entities.
BusinessFull-timeGeneral
Key Responsibilities
- Review and prepares Regulation Risk Assessments, Annual Compliance Plan and Manual
- Manage regulatory compliance with applicable legislations, rules and regulations that govern asset management, as well as Group policies, standards, and international best practices for compliance operations
- Review all product-related materials, advertising, marketing and sales promotion materials to ensure the business complies with Securities & Futures Acts ('SFA') regulatory requirements and Group policies ('fair dealing')
- Ensure compliance with all relevant Anti-Money Laundering and Anti-Bribery & Corruption regulations and laws and group policies
- Provide adequate oversight to ensure the Company has effective control environment to minimize compliance risk
- Provide advice, guidance and on-going training to staff on the appropriate implementation of compliance framework which include policies and procedures such as those contained in the Compliance Manual, internal codes of conduct and practice guidelines
- Advise the various units/ departments of any implications of new regulations/ regulatory changes and provide guidance on the proper and prompt implementation of procedures to comply with the requirements
- Monitor, test and report compliance with relevant compliance risk management framework and internal policies/procedures to Board of Directors, Senior Management, Group Compliance, and, if required, to any regulatory authority
- Develop and conduct annual update of the Regulatory Risk Assessment Registers ('RRAR') which document the regulatory obligations (Domicile Country) relevant to the subsidiary, the corresponding internal controls and procedures and the compliance risk ratings
- Conduct Compliance Reviews on the compliance with regulatory requirements and related internal policies and guidelines
- Coordinate the bank's responses to requests for information and consultation papers from the regulators
- Reporting of regulatory issues and breaches of the subsidiary to Group Compliance ('GC') and Domicile Country regulator, if required
Requirements
- Degree holder with at least 10 years of relevant experience in regulatory compliance, preferably in asset management
- Good knowledge of the Securities & Futures Act, Financial Advisers Act and MAS regulations
- Experience in dealing with regulators and regulatory filings
- Strong analytical and communication skills
- Ability to work independently and as a team player
- Meticulous and organized
- Proficient in Microsoft Office applications