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Vice President, Business Risk Management, Private Banking

Posting Date:  13-May-2022

Hong Kong Island, HK

Company:  United Overseas Bank Limited (Hong Kong Office)

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

UOB Private Bank is dedicated to managing the wealth of high-net-worth individuals with investment assets of $5 million and above. Keeping in mind our clients’ financial objectives, we provide tailored products and solutions that draw on the Group’s comprehensive suite of personal, business and investment services.

Job Responsibilities

Reporting to COO, this person works closely with COO to identify, monitor and address business and operational risks for core private banking systems, processes, controls and procedures in Hong Kong.

Key Responsibilities:

  • Plan, manage, drive and coordinate with stakeholders and vendors to implement systems, processes for UOB HK private banking.
  • Coordinate and run Hong Kong Project Working Group for PB system.
  • Work closely with COO to define system/process requirements, operational KPIs and SLAs etc.
  • Plan, manage and drive system and user acceptance tests.
  • A core member of business continuity team.
  • A core member of the outsourcing team to set and monitor operation standards and problem resolution/recovery team.
  • A key driver to deliver continuous systems and process improvements.
  • Provide sound and pragmatic risk advisory to business and support function for initiatives/activities and project 
  • Perform quality assurance reviews through thematic testing and ongoing post transaction review
  • Co-ordinate and manage the Private Bank Risk Forum
  • Perform independent front to back oversight for risk taking activities, including review and assessment of the completeness and effectiveness of support function’s controls
  • Facilitate incident management from investigation and assembling of root causes to ensuring measures identified is effective and sustainable
  • Tracking of open action plans resulting from Ops Risk events or audits are resolved and implemented within the committed timeline   

Job Requirements

  • Strong appreciate and in depth understanding of Private Banking business models and processes end to end; complemented by good program / project management skill sets.
  • Mature and able to work independently with minimal supervision and willingness to be hands on.
  • Innovative problem solver, able to identify and understand issues and drive towards effective resolution.
  • Good inter-personal and communication skills with strong project management skills.
  • Ability to work under pressure and tight timelines. Prior experience in financial institution preferably in risk/assurance function
  • Good knowledge of front to back process and internal controls within private bank set up
  • Proven ability to balance business needs and controls requirements
  • Independent and ability to work under pressure
  • Effective communication and analytical skills; has demonstrated ability to work effectively with all levels within the organization

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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