United Overseas Bank Hiring For VP, Operational Risk Management, Group Risk Management at Singapore Full Time

VP, Operational Risk Management, Group Risk Management

United Overseas Bank–Singapore

About 1 hour ago, from Jobg8 SG

VP, Operational Risk Management, Group Risk Management

Posting Date: 19-May-2022

Location: Raffles Place, Singapore, SG

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. Provide governance oversight for the effective management of operational risks through the various operational risk programmes.
2. Be involved in the development and maintenance of operational risk framework, policies, procedures and guidelines; and in the oversight of their implementation for consistency and effectiveness.
3. Work with and guide the Business and Support Units (BU/SUs) to identify and assess the key risks in their end-to-end key processes, design effective process control test steps to mitigate key risks, conduct self-assessments and monitor operational risks.
4. Monitor the effectiveness of process controls tests through analysing, measuring, and assessing the results derived from the operational risk programmes.
5. Assess and highlight the operational risks of the BU/SUs via their key risk controls and key risk indicators.
6. Review the BU/SU’s Product Programmes to ensure that the operational risks associated with the specific product are identified and addressed appropriately.
7. Review the BU/SU’s due diligence and risk assessments on outsourcing service providers as well as 3rd party non-outsourcing service providers.
8. Conduct periodic end user testing on the bank-wide Governance, Risk and Compliance (GRC) system.
9. Promote greater operational risk management awareness among the BU/SUs through the conduct of operational risk training sessions.
10. Lead and/or participate in ad-hoc projects from time to time.

Job Requirements

1. At least 10 years of operational risk management, quality assurance or other risk control-related function experience from the banking industry
2. Experience in the implementation and/or continuous enhancement of an ORM module will be an advantage.
3. Degree holder or its equivalent from a recognised tertiary institution.
4. Excellent interpersonal skills to engage a variety of stakeholders within the Bank.
5. Natural team player and collaborator.
6. Self-starter, with initiative and strong drive to achieve good quality work.
7. Highly adaptive and able to manage varying exigencies at work.
8. Strong analytical and creative problem solving skills.
9. Experienced in end-user testing as part of enterprise-wide system implementation and lifecycle.

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.