United Overseas Bank Ltd (UOB)

Manager / Senior Officer, Group Risk Management - Product Control & Governance

United Overseas Bank Ltd (UOB) | Date Posted: 10-Nov-2018
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'N' Levels / 'O' Levels, ITE/ NITEC/ Higher NITEC, 'A' Levels, Diploma, Bachelor's / Honours, Masters / PhD

Job Description

Functional area: Risk Management
Employment type: Full-time
Job Type: Permanent

Product Control and Governance is the function in Group Risk Management responsible for P&L Reporting and Attribution, P&L Reconciliations, Valuation Controls, Market Data & Book Controls and Structured Products governance.

This role is responsible for furnishing accurate and timing P&L reporting to the Global Markets business, covering the Market Making and Structuring desks.   

Key Responsibilities
  • Provide daily P&L reporting to the Trading desks, furnish with the P&L commentary.
  • Reconcile daily P&L to the Trader’s estimate and explain any P&L variance beyond the threshold.
  • Perform daily P&L attribution process to explain the drivers of P&L movements.
  • Conduct P&L stop-loss monitoring to ensure there is no breach against the approved threshold.
  • Monitor daily option event, check to ensure underlying trade has been created post option exercised.
  • Support new product rollout, to involve in the review and update any changes to the existing workflow.
  • Compute month-end reserve and provide figures to post into the ledger.
  • On a monthly basis, to reconcile the P&L against output from the ledger and explain the P&L differences.  Post reconciliation, to make adjustment to the reported P&L or ledger where necessary.
  • A degree or professional qualification in accounting, business, or related fields;
  • Must possess at least 2 - 3 years of experience working in the Finance industry, preferably in Product Control area.
  • Possess an understanding of the global market products including rates, fixed income, FX and other derivatives.
  • Ability to articulate and escalate issue promptly for resolution.
  • A good team player.
Company Overview
United Overseas Bank Ltd (UOB)