Manager, Market Risk and Product Control

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.

Job Description

The Market Risk and Product Control (MRPC) is the function under Group Risk Management responsible for financial and risk management support relating to Global Markets businesses across the region within the Bank.  This includes, market risk reporting, financial reporting, valuation controls, market data maintenance, market surveillance monitoring, book controls and structured products governance.

Key Responsibilities

• Perform trade surveillance check on Global Market trading activities including Off Market Rate, Wash Trade, Front Running, Bond Maximum Holding Period, Bond Round Tripping, Internal Risk Transfer, etc.
• Support the overseas locations with on the trade surveillance monitoring to ensure process alignment and consistency.
• Maintenance and control of Front Office systems simple portfolios including creation, closure and periodic ownership attestation, as well as the governance of the Front Office portfolio tree and P&L performance tree setup.
• Work closely with teams to perform the annual Key Risk Control Self-Assessment (KRCSA) reviewing / testing and monthly Key Operational Risk Indicator reporting.
• Ad-hoc participation in project initiatives and/or process enhancement mainly responsible for provision of requirements and performance of user acceptance testing,
• Document and maintain relevant Standard Operational Procedures (SOP) for tasks responsible by the team ensuring they are up-to-date.

Requirements

• A degree or professional qualification in accounting, business, or related fields
• Minimum 2-3 years of experience in banking industry, with exposure in quality assurance and risk control-related function prefers
• Understanding of financial products across all asset classes, with knowledge on the front-to-back process of handling each product types will be advantageous.
• Good team player who possesses drive, initiative, have an eye for details and able to work independently under pressure to produce accurate and timely work
• Good analytical, communication and writing skills
• Familiar with VBA in Excel, SQL and/or Python programming will be beneficial
• Knowledge in Murex system ideal but not essential

Additional Requirements

Be a Part of the 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.

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