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AVP, Operational Risk Management, Group Risk Management

Posting Date:  13-Jan-2022


Company:  United Overseas Bank Limited

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

  1. Work with the business and support units, including the oversea branches in the various geographical locations, for them to identify and assess the key risks in their end­to­end processes, design effective process control test steps to mitigate key risks, conduct self­ assessments and monitor operational risks.
  2. Monitor the effectiveness of the business and support units’ process controls test through analyzing, measuring, and assessing the results derived from the operational risk programmes.
  3. Assess and highlight the operational risks of business and support units via Key Risk Indicators and Key Risk Control Indicators.
  4. Review Product Programme to ensure that the operational risks associated with the specific product are identified and addressed appropriately.
  5. Review Due Diligence and Risk Assessment on Service Providers pertaining to outsourcing and third party non-outsourcing activities.
  6. Responsible for coordinating with Unit Heads in the preparation of various operational risk management reports.
  • Review write­ups submitted by the Units to ensure that the relevant background, risks, root causes, appropriate correction action plans are captured.
  • Ensure that the language is appropriate for the relevant committees.
  • Ensure that operational risk management reports are submitted timely to Committees.
  1. Assist in the management of the insurance programme for the Group.
  2. Promote greater operational risk management awareness among the Business and Support units through the conduct of operational risk training sessions.
  3. Assist in the execution of ad­hoc projects and/or initiatives as assigned including integrated crisis management exercise & data analytics projects.

Job Requirements

  1. Degree holder or its equivalent from a recognised tertiary institution.
  2. 8 years of relevant banking experience either with operational risk, quality assurance, audit or other risks and controls-related function in the Wholesale Banking business.
  3. Good understanding of banking operations and related processes would be an advantage.
  4. Excellent interpersonal skills (e.g. communication, negotiation, persuasion skills) to engage stakeholders across businesses and geographies within the Bank.
  5. Strong analytical and creative problem solving skills.
  6. Self-starter with initiative and drive to achieve high quality work.
  7. Natural team player and collaborator.
  8. Able to appreciate the broader issues while keeping an eye on key details.
  9. Active and agile learner with growth mindset.

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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