Job Description

First Vice President, Business Risk Team Lead, Private Bank

Posting Date: 9 Dec 2023

Location:
Singapore (City Area), Singapore, Singapore, 048624

Company: United Overseas Bank Ltd

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 $5million 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.

The Private Bank Business Risk and Controls Management (PB BRCM) function sits with the PB Business as part of 1st line of defense, under the PB COO organization. PB BRCM actively drives and maintains oversight of the front to back activities and risk profile of the PB business, in close partnership with the business and supporting control functions. The PB BRCM function has responsibility over ensuring proper management and oversight across Non-financial risk taxonomies, including Investment Suitability, AML/KYC, Anti-fraud, Conduct, Cross border activities, Data Privacy, BCM etc. The BRCM function runs various risk governances, risk assessments, controls, reviews and advisory related activities over the PB business.

Job Responsibilities

As a member of Private Bank Business Risk Controls Management (PB BRCM) team, this role will play an important role in assisting the Head of Private Bank BRCM in driving Risk and Regulatory Competency capabilities within the 1st line of defense.

• Specifically, this role will manage other members of the BRCM team, as well as having close interactions with Front office and business partners (e.g. Products / COO).
• Build out of PB Risk Competency Centres in Sales process, Anti-Fraud, Investment Suitability
• Review and enhance PB risk framework and guidelines on key risk taxonomies for compliance with regulatory and policy requirements
• Review and uplift assurance and surveillance testing procedures, including sampling methodologies to focus on higher risk subjects
• Manage and drive implementation of regulatory change and key risks portfolio
• Risk advisory on Sales process matters to Front Office
• Manage key risk governance forums, audit and regulatory inspections.
• Lead special projects, thematic reviews or investigations through the use of analytics (where possible) around certain key risk taxonomies (e.g. Anti-Fraud)
• Deploy use of data analytics to pro-actively identify emerging risk hotspots or indicators

Job Requirements

• At least 9 years and above of experience in financial institution preferably with background in Private Bank business risk, compliance, audit or consulting.
• Strong experience in PB sales processes, Anti-Fraud and application of requirements within Private Bank frameworks, including assurance testing procedures
• Understanding of private bank products (ie investment products such as FX PIVOT, ACCUMULATOR, other derivatives)
• Good track record in managing regulatory and risk change portfolios, projects governances and inspections
• Adept at power point and familiarity in working with data for risk management, particularly in data analytics / automation / visualization skillsets
• Ability to drive thematic reviews and assessments of risk topics or special cases (e.g. plan, execute, report)
• Possesses the necessary communication skills and ability to work effectively with all levels within the organization
• Self-starter, motivated, independent, meticulous with analytical mindset to problem solve and drive topics and solutions

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.

Apply now and make a difference.

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