MGR-AVP, Market Risk Management

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

Risk Management function is responsible for managing the risks arising from the Bank’s business activities and ensuring these risks remain within the overall risk appetite established by the Board and Senior Management. This involves identifying and evaluating the risks and developing effective risk governance and strategies to manage them.

Market Risk and Product Control is the division in Risk Management function to support the Bank’s Global Markets business and responsible for market risk framework & governance, market risk computation, analysis & monitoring, market risk capital charge computation, P&L reporting, analysis & reconciliation, valuation control, book control, structured products governance as well as treasury trade surveillance.

Job Responsibilities

• Generating trading risk reports timely and accurately

• Daily analysis of market risk position exposures and sensitivities, as well as limit monitoring for all products including interest risk, FX, commodity and equity risk asset classes

• Perform VaR, stress testing and backtesting, including ICAAP and regulatory stress test

• Prepare monthly reports, ALCO report, market risk capital report and management executive summary for trading book

• Works with Front Office traders, Business Management Support, IT, Finance, Back Office and Head Office on any issues related to market risk

• Responsible for market risk monitoring tools development and reporting process enhancement

• Participate in projects, process change, treasury system UAT and new product testing

• Assist in regular review of market risk limit and mandate to ensure adherence to market risk policies and guidelines.

• Assist in timely review of market risk policies, guidelines and risk governance process to ensure adherence to market risk framework

Job Requirements

• Degree with major in Risk Management, Financial Engineering, Quantitative Finance/ Economics, Actuarial, Statistics, Engineering or related discipline

• Ideally someone with 1 - 5 years of experience within market risk or trading risk management

• Proficiency in VBA programing is definitely a MUST. Strong knowledge in MS Office application e.g. Excel

• Knowledge of treasury product pricing, market risk methodology and trading risk attribution

• Experience with front office treasury system application and risk sensitivity testing

• Experience with market risk system application and reporting tools development

• Strong quantitative skills, IT savvy with good technical/ analytic mindset, possession of good communication and problem-solving skills

• Self-starter, ability to work independently and a dynamic team player. Ability to multi-task and work well under pressure with commitment to deliver

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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