Job Description

First VP/VP, Risk Governance and Advisory, Fraud, Group Wholesale Banking

Posting Date: 3 Oct 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

The Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

Job Responsibilities

The successful candidate will be part of the Group Wholesale Banking ("GWB") Business Risk and Control Management ("BRCM") team and the key responsibilities are as follows:

• Act as the subject matter expert (SME) within the BRCM function on fraud-related matters, specifically around anti-fraud frameworks, investigation approaches, and surveillance
• Serve as first-point of contact for fraud-related cases escalated by Fraud Operations, providing SME knowledge and expert advisory on cases (including supporting enhanced investigation on high-profile fraud cases where there is a suspicion of risk identified, providing advisory on retention of customer relationships as required)
• Liaise with internal stakeholders to identify priority areas for review based on control criticality, emerging risks, and regulatory focus
• Review and identify key and emerging fraud risks relevant to GWB; work with relevant business managers to propose mitigating measures and controls to manage emerging fraud risks
• Conduct portfolio analysis to understand patterns across customer segments and risk types
• Provide guidance and support to GWB business units to manage fraud risks, including operationalising the bank\'s fraud policies and guidelines
• Collaborate with internal stakeholders within the bank (e.g. Group Compliance) to identify emerging fraud risks and feedback to detective analytics models developed by the bank to enhance Fraud Detection & Surveillance
• Represent BRCM on projects and working groups as required
• Coordinate setting of GWB\'s fraud risk appetite thresholds to Line 2
• Support the execution of the bank\'s periodic fraud risk assessment by Line 2 to GWB business units, based on Group-wide methodology and approach
• Support the Business Units/Support Units in risk identification, escalation and remediation.
• Monitor the effectiveness of the Business Units/Support Units controls (e.g. through dashboards, audit reports, etc).
• Assist to provide training and inputs to Line 2-driven mandatory and thematic anti-fraud training
• Educate customer touchpoints on emerging fraud risks / attack vectors which may be encountered by customer segments within the GWB, and potentially lead to increased volumes of customer queries
• Provide inputs to Line 1 and Line 2 teams in defining fraud-related metrics and management information to be tracked and collated from teams involved in managing Fraud Operations;
• Organise and manage Line 1 fraud-related governance forums, ensuring that senior management is periodically updated on key metrics and developments
• Develop strong working relationships with key stakeholders within the banks\' Group Compliance function (specifically the Group Compliance function leading Anti-Financial Crime Advisory activities), and control owners within the business as required
• Ensure that GWB is kept abreast of the latest developments (including best practices), on both the risk and regulatory front.

Job Requirements

• Degree or professional qualification in business or banking/financial services related areas.
• At least 7 years of relevant compliance advisory experience in fraud, anti-fraud framework and fraud investigations.
• Hands-on experience in operationalising fraud policies and guidelines
• A team player, strong interpersonal, communication and presentation skills; must have a go getter mindset.
• Good knowledge/understanding of banking and financial services laws & regulations, compliance best practices and understanding of financial products & systems
• Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team
• Possesses good analytical and problem-solving skills
• Able to work on multiple assignments
• Self-driven, meticulous and able to operate expeditiously

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.

Competencies

1. Strategise
2. Engage
3. Execute
4. Develop
5. Skills
6. Experience

eFinancialCareers