Senior Officer, Market Risk and Product Control

Senior Officer, Market Risk and Product Control

Posting Date: 6 Oct 2024

Location: Singapore, SG

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 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

Market Risk and Product Control is the function in Group Risk Management supporting the bank’s Treasury business responsible for P&L Reporting, analysis and reconciliations, Market data and valuation controls, Book controls, Structured Products governance and Market Risk computation, monitoring and controls. The Market Data Analytics Team is responsible for the acquisition of market data and ensuring the quality and timeliness of the market data used by the bank's treasury systems are of a high standard.

• Responsible for market data processes which covers asset classes across equity, commodity, credit and fixed income, interest rates and FX. The market data process involves acquiring, reviewing and validating and uploading the data into the bank's various trading systems.
• Reviewing and documenting the various intermediate rates computations (multi-curve bootstrapping, equity and commodity forward curves, FX, equity, interest rate and commodity volatility curve building) performed by the bank's treasury systems.
• Reviewing the current market data structures (curves and surfaces) configurations in the Treasury systems to ensure accuracy and adherence to market conventions.
• Participate in strategic projects to consolidate and enhance automation of the market data processes and support new business initiatives.

Job Requirements

• A degree in business and finance, statistics or mathematics. Candidates with strong academic results from other disciplines may be considered.
• Hardworking and a team player.
• Excel VBA, Python.
• Willing to work on public holidays to support overseas branches.

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.