VP. Risk Controls and Governance, Group Wholesale Banking | Singapore, SG

VP. Risk Controls and Governance, Group Wholesale Banking

Posting Date: 23 Dec 2024
Location: Singapore (City Area), 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. Our history spans more than 80 years, guided by our values - Honorable, Enterprising, United, and Committed.

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.

Job Responsibilities

• Formulate and strengthen governance on all risk frameworks, ensuring compliance with applicable legislation, including Anti-Money Laundering.
• Liaise with internal stakeholders to identify priority areas for review based on control criticality, emerging risks, and regulatory focus.
• Provide effective challenge to internal stakeholders on existing controls.
• Review Business Units policies and guidelines.
• Work with multiple internal stakeholders to deliver desired outcomes.
• Identify key emerging risks in GWB and propose risk mitigating measures/controls.
• Communicate potential risk issues highlighted by various Bank's risk functions within GWB.
• Coordinate activities with Group Compliance and other internal risk departments.
• Work with BU/GWB Data Analytics on risk management initiatives.
• Support Business Units in risk identification, escalation, and remediation.
• Monitor the effectiveness of Business Units controls.
• Prepare risk management reports.
• Provide guidance to BRCMs in overseas locations on Group's risk management initiatives.
• Articulate and present to senior internal and external stakeholders.
• Keep GWB informed of the latest developments on risk and regulatory fronts.
• Conduct training where necessary.

Job Requirements

• Degree or professional qualification in business or banking/financial services.
• Certification in regulatory compliance and/or anti-financial crimes is a must.
• Minimum 8 years of relevant work experience, preferably in audit or regulatory compliance in corporate banking/wholesale banking.
• Excellent knowledge of Singapore's regulations, particularly on anti-financial crimes.
• Proven experience in regulatory compliance in a financial services institution.
• Prior experience in risk/controls design and assessment.
• Prior experience in the regulatory framework of the South East Asia region is preferred.
• Project and change management experience would be an advantage.
• Data management and data analytics experience is preferred.
• Ability to write macros on Microsoft Excel or basic programming skills is an advantage.
• Excellent communication and interpersonal skills.
• Team player, self-driven with strong stakeholder management skills.
• Resourceful, meticulous, analytical, and able to work independently.
• Growth mindset, openness to learn and take on other risks types.

Be a part of UOB Family
UOB is an equal opportunity employer. All employment decisions at UOB are based on business needs, job requirements, and qualifications. If you require any assistance or accommodations during 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