United Overseas Bank Ltd (UOB)

VP/AVP/MGR, Retail Credit Risk Modeller

United Overseas Bank Ltd (UOB) Date Posted: 8-Nov-2017

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Job Description

The role is based in Singapore and will report to the Head of Modeling, who in turn reports to the Head of Group Risk and Decision Management. The position is a junior team member in the modeling team. He/she is responsible for developing, implementing, validating and monitoring risk scorecards, IFRS9 and Basel II models, as well as overall risk management of PFS portfolios. Whilst the role’s focus is on PFS credit risk as well as retail Marketing Analytics. The candidate will be responsible for the following areas of consumer banking portfolios in Singapore, Malaysia, Thailand and Indonesia.

  • Develop, maintain and enhance existing IFRS9 models for group retail covering PFS, Business Banking and private banking to support finance to roll out the deployment across the region.
  • Develop, maintain and enhance existing Basel II models and retail risk scorecards (application, behavioural, etc) to support credit risk and performance management of the retail banking business
  • Conduct regular and ad-hoc validation of scorecard performance, IFRS9, Basel II PD, LGD and EAD models, as well as portfolio stress testing
  • Generate, analyse and monitor portfolio risk and capital reports, scorecard performance report and booking profile. Provide ad-hoc credit risk analyses to business managers, senior management, regulators and other key stakeholders
  • Develop and maintain IFRS9, Basel II, scoring and other credit risk related documentation, policies and procedures
  • Implement IFRS9, Basel II and scorecards models, manage the scoring and capital computation engines and analytics datamart, conduct UAT and support overall deployment of models
  • Work with UOB Group Risk Management on group-wide programmes, such as Economic Capital model, ICAAP framework, stress testing and other initiatives
  • Conduct periodic training and research and development of new models, methodologies and model applications
  • Support UOB regional offices in IFRS9, Basel II and scorecard development and other required efforts 

Qualifications

  • Undergraduate degree in a quantitative programme, such as Statistics, Mathematics, Actuarial Science, Financial Engineering, etc. Business, Finance and Economics degrees with a strong quantitative focus and highly relevant working experience will be considered. Post graduate degree is an added advantage
  • At least 3 years of working experience in credit risk modeling and management, preferably in a retail banking environment. Consulting and risk vendor experiences will also be considered
  • Strong PC skills: SAS - Programming, Enterprise Guide, Enterprise Miner; SQL / AS400 query and database familiarity; MS Office applications, including advanced spreadsheet and VBA. Knowledge of Fermat Basel solution is a plus
  • Analytical mind with sound business insight, excellent communicator (verbal and written), highly meticulous, and self-motivated
  • Self starter, flexible with a proven ability to work well in teams, as well as being able to function with minimal supervision. People management experience is a plus
  • Maturity that will enable the candidate to be a credible counterpart to business managers, and the ability to develop on-going ‘trusted advisor’ relationships based on the ability to understand, analyse, discuss and address key business challenges raised

The role is based in Singapore and will report to the Head of Modeling, who in turn reports to the Head of Group Risk and Decision Management. The position is a junior team member in the modeling team. He/she is responsible for developing, implementing, validating and monitoring risk scorecards, IFRS9 and Basel II models, as well as overall risk management of PFS portfolios. Whilst the role’s focus is on PFS credit risk as well as retail Marketing Analytics. The candidate will be responsible for the following areas of consumer banking portfolios in Singapore, Malaysia, Thailand and Indonesia.

  • Develop, maintain and enhance existing IFRS9 models for group retail covering PFS, Business Banking and private banking to support finance to roll out the deployment across the region.
  • Develop, maintain and enhance existing Basel II models and retail risk scorecards (application, behavioural, etc) to support credit risk and performance management of the retail banking business
  • Conduct regular and ad-hoc validation of scorecard performance, IFRS9, Basel II PD, LGD and EAD models, as well as portfolio stress testing
  • Generate, analyse and monitor portfolio risk and capital reports, scorecard performance report and booking profile. Provide ad-hoc credit risk analyses to business managers, senior management, regulators and other key stakeholders
  • Develop and maintain IFRS9, Basel II, scoring and other credit risk related documentation, policies and procedures
  • Implement IFRS9, Basel II and scorecards models, manage the scoring and capital computation engines and analytics datamart, conduct UAT and support overall deployment of models
  • Work with UOB Group Risk Management on group-wide programmes, such as Economic Capital model, ICAAP framework, stress testing and other initiatives
  • Conduct periodic training and research and development of new models, methodologies and model applications
  • Support UOB regional offices in IFRS9, Basel II and scorecard development and other required efforts 

Qualifications

  • Undergraduate degree in a quantitative programme, such as Statistics, Mathematics, Actuarial Science, Financial Engineering, etc. Business, Finance and Economics degrees with a strong quantitative focus and highly relevant working experience will be considered. Post graduate degree is an added advantage
  • At least 3 years of working experience in credit risk modeling and management, preferably in a retail banking environment. Consulting and risk vendor experiences will also be considered
  • Strong PC skills: SAS - Programming, Enterprise Guide, Enterprise Miner; SQL / AS400 query and database familiarity; MS Office applications, including advanced spreadsheet and VBA. Knowledge of Fermat Basel solution is a plus
  • Analytical mind with sound business insight, excellent communicator (verbal and written), highly meticulous, and self-motivated
  • Self starter, flexible with a proven ability to work well in teams, as well as being able to function with minimal supervision. People management experience is a plus
  • Maturity that will enable the candidate to be a credible counterpart to business managers, and the ability to develop on-going ‘trusted advisor’ relationships based on the ability to understand, analyse, discuss and address key business challenges raised

Company Overview

United Overseas Bank Ltd (UOB)
United Overseas Bank Ltd (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. Today, UOB is rated among the world’s top banks: ‘Aa1’ by Moody’s and ‘AA-’ by Standard & Poor’s and Fitch Ratings. Generations of UOB employees for the past 80 years have carried through the entrepreneurial spirit, focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues. At UOB, we believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and grow their businesses,