United Overseas Bank Ltd (UOB)

Senior VP, Group Operational Risk Manager, Group Risk Management

United Overseas Bank Ltd (UOB)| Date Posted: 23-Aug-2019
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Job Category:
'N' Levels / 'O' Levels, ITE/ NITEC/ Higher NITEC, 'A' Levels, Diploma, Bachelor's / Honours, Masters / PhD

Job Description

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 Credit and Risk Management function is comprised of three teams: Risk Management, Credit and Special Asset Management. We manage the risks arising from the Group’s business activities within the risk appetite established by the Board. This involves identifying and evaluating the risks, developing effective risk governance and strategies as well as providing independent assessment of the overall risk profile.

Job Responsibilities
  • Develop and maintain relevant operational risk management Policies and Procedures, and oversee consistent and effective operationalization and implementation.
  • Lead and drive Scenario Analysis exercise to proactively identify internal control gaps and corrective measures
    • Identify apprpriate scenarios for ORMC’s approval
    • Lead the discussin with key stakeholders to identify control gaps
    • Wrk with relevant subject matter experts and Business and Support units to identify and assess the key risks in their end-to-end processes, design effective process control test steps to mitigate key risks, self-assessments and monitor operational risks.
    • Reprt results of Scenario Analysis exercise to ORMC and relevant committees
  • Manage the insurance programme for the group.
    • Wrk closely with UOI and our insurance broker to source for the most appropriate insurance for the group.
    • Identify premium savings where apprpriate
  • Monitor the effectiveness of process controls test through analyzing, measuring, and assessing the results derived from the Operational Risk Programmes.
  • Assess and highlight the operational risks of Business and Support units via Key Risk Indicators and Key Risk Control Indicators.
  • Review Product Programme to ensure that the operational risks associated with the specific product are identified and addressed appropriately.
  • Review Due Diligence and Risk Assessment on Service Providers pertaining to outsourced activities.
  • Promote greater Operational Risk Management awareness among the Business and Support units through the conduct of Operational Risk Training sessions.
  •  Assist in the preparation of various Operational Risk Management reports.
Job Requirements
  • At least 15 years’ of Banking experience either with operational risk experience, quality assurance or other risk control-related function in the Wholesale Banking business.
  • Degree holder or its equivalent from a recognised tertiary institution.
  • Excellent interpersonal skills i.e. communication, negotiation, persuasion skills etc.
  • Strong analytical and problem solving skills.
  • Self-starter with initiative and strong drive to achieve good quality work.
  • Strong team player.
  • Soft skills to engage across businesses and geographies within the bank.
  • Good understanding of Operations and related processes would be an advantage.
Be a part of UOB Family

Apply now and make a difference.

Company Overview
United Overseas Bank Ltd (UOB)