SVP/FVP, Business Risk

2 weeks ago

Singapore United Overseas Bank Full time
SVP/FVP, Business Risk & Control, GR

Posting Date: 2 May 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.

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 Transformation & COO Office is the enabler to achieve the business goals across the 3 business units of Group Retail - Personal Financial Services, Business Banking and Private Banking.

Group Retail has 13 strategic programs that cover customer touchpoints (digital and omnichannel), core product capabilities (cards, wealth, business banking) in addition to data and productivity programs.

Each program has embarked on the new ways of working which is on the journey to develop empowered, cross-functional teams.

The Transformation Office is the central role that maintain the cadence with each program, and brings together the interdependencies across programs.


Job Responsibilities

Advisory & Strategy

  • Act as the subject matter expert within the Business Risk and Controls Management (BRCM) function on fraud-related matters, specifically around fraud frameworks, investigation approaches, and surveillance - where appropriate, advise Anti-Financial Crime (AFC) Operations on emerging themes
  • Maintain a comprehensive understanding and library of all anti-fraud controls in-place for Group Retail customers - both within Group Retail, and supporting functions
  • Maintain oversight of Group Retail's exposure to internal fraud, closely liaising with Group Compliance Internal Fraud Investigations as needed; this includes keeping abreast of control deficiencies and action plans identified in internal fraud investigation reports, and tracking implementation against defined timelines
  • Influence the business segment-level anti-fraud strategy, ascertaining the implications of new regulations (and translation of framework & policy requirements into business processes), emerging fraud trends, new products / channels launched by the business on anti-fraud activities
  • Coordinate setting of the business segments' fraud risk appetite thresholds and statements
  • Engage GR stakeholders in identifying and advising required core engines and efficiency analytics to aid Fraud Surveillance, including identifying and working with Data Analytics teams on risk management initiatives; collaborate with said stakeholders to provide GR-specific domain knowledge and feedback on anti-fraud analytics models
  • Proactively identify key emerging fraud risks within the business segment and/or industry and propose risk mitigating measures/controls (based on thematic findings identified from cases escalated)
Policy Operationalisation, Control Design, and Escalations

  • Advise AFC Operations on fraud-related matters in a consultative and collaborative manner to support updating / designing Fraud Risk Management controls (including providing oversight on rule changes, reviewing SOPs / process manuals, and ensuring controls are compliant with regulatory requirements and Group-wide Fraud Risk Management Frameworks & Policies) - additionally, provide oversight on regulatory matters / liaising with respective subject matter risk assurance teams across BUs
  • 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 investigations, supporting determination of settlement outcomes, and providing advisory on retention of customer relationships as required)
  • Drive adherence to the segment's case escalation framework, to promptly identify and escalate cases to Group Compliance and/or to senior management, where required
Governance, MI, and Training

  • Support definition and analysis on fraud metrics and management information (MI) from teams involved in managing Fraud Operations; receive, collate, and sense-check fraud metrics and MI across all teams supporting Fraud Operations, and conduct portfolio analysis to understand patterns across customer segments and risk types
  • Organise and manage Line 1 Fraud-related governance forums, ensuring that senior management is periodically updated on key metrics and developments
  • Engage in training-related activities to support the business units within the segment on matters of fraud risk (both internal and external), and in advising on customer education & awareness raising in relation to Fraud
Job Requirements

Skills & Qualifications

  • Degree or professional qualification in business or banking / financial services areas
  • Minimum 8-10 years of experience preferably within an Anti-Financial Crime compliance-related function with anti-fraud expertise in a financial institution (preference for prior experience in a Line 1 Risk & Control role)
  • Excellent knowledge of anti-fraud regulatory compliance, risk assessment, processes, and controls, with proven and relevant experience in a compliance-related setting
  • Solid knowledge of banking and financial services regulations, and strong understanding of financial products and systems
  • Demonstrated experience in managing anti-fraud advisory & policy operationalisation
  • Strong stakeholder management experience demonstrated in prior roles (including managing external interfaces)
  • Possess creativity, and self-motivation to identify solutions in an ever-changing regulatory environment
  • Excellent communication and interpersonal skills to positive influence people to make appropriate decisions, and resolve conflicts effectively
  • Ability to exercise considerable judgment and critical thinking in scenarios that are complex and highly sensitive
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

  • Strategise
  • Engage
  • Execute
  • Develop
  • Skills
  • Experience

  • SVP/FVP, Business Risk

    1 month ago

    Singapore United Overseas Bank Full time

    SVP/FVP, Business Risk & Control, GR Posting Date: 31 May 2024 Location: Singapore (City Area), SG, 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...

  • SVP/FVP, Business Risk

    4 weeks ago

    Singapore United Overseas Bank Full time

    SVP/FVP, Business Risk & Control, GR Posting Date: 31 May 2024 Location: Singapore (City Area), SG, 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...

  • SVP/FVP, Business Risk

    5 days ago

    Singapore United Overseas Bank Full time

    SVP/FVP, Business Risk & Control, GR Posting Date: 29 Jun 2024 Location: Singapore (City Area), SG, 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...

  • SVP IT Risk Management

    4 weeks ago

    Singapore Eames Consulting Full time

    Job Description Are you an experienced Technology Risk professional looking for you're a challenging role? If so, you may be the SVP, IT Risk Management professional our client, a regional bank, is seeking! As SVP, IT Risk Management, you will be responsible for: Tracking Key Risk Indicators and keeping senior management updated on the progress in...

  • SVP IT Risk Management

    1 month ago

    Singapore Eames Consulting Full time

    Job Description Are you an experienced Technology Risk professional looking for you're a challenging role? If so, you may be the SVP, IT Risk Management professional our client, a regional bank, is seeking! As SVP, IT Risk Management, you will be responsible for: Tracking Key Risk Indicators and keeping senior management updated on the progress in...

  • SVP IT Risk Management

    2 weeks ago

    Singapore Eames Consulting Full time

    Job Description Are you a seasoned Technology Risk professional looking for a challenging role? If yes, you could be the SVP, IT Risk Management expert our client, a regional bank, is searching for. As the SVP, IT Risk Management, you will be tasked with:Monitoring Key Risk Indicators and providing regular updates to senior management in bi-weekly risk...

  • Fvp/svp, Regional Data Analytics, Group Compliance

    2 weeks ago

    Singapore United Overseas Bank Full time

    FVP/SVP, Regional Data Analytics, Group CompliancePosting Date: 09-Feb-2023Location: Singapore, Singapore, SingaporeCompany: United Overseas Bank LtdAbout UOBAbout the DepartmentThe Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously...

  • Svp, Information Security Risk Manager

    2 weeks ago

    Singapore Eames Consulting Full time

    Job Details:Sector: Cyber-Location: Singapore-Job Type: Permanent-Salary: 220,000 per year-Contact: Tricia LeeOur client, a premier financial institution with a large presence in the region, is looking to hire a Senior Vice President, Information Security Risk Manager to join their growing team in Singapore. As the SVP, Information Security Risk Manager, you...

  • SVP/VP, Strategic Advisory

    1 month ago

    Singapore DBS Bank Limited Full time

    SVP/VP, Strategic Advisory (M&A), Institutional Banking GroupBusiness Function Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our...

  • SVP/VP, Strategic Advisory

    2 weeks ago

    Singapore DBS Bank Limited Full time

    Business Function Corporate and Investment Banking provides corporate customers with a full range of commercial banking products and services, including cash management services, current accounts, time deposits, trade finance, working capital finance, term loans and foreign exchange. Through our continued commitment, DBS has cultivated long-standing...

  • Svp / Director - Head of Procurement

    2 weeks ago

    Singapore Kerry Consulting Full time

    Consultant:Jeremy Koh***Job Reference No.JK 28216Registration No.R1113423License No.16S8060FunctionOperations***DescriptionThis premier Asset Management is committed to its long-term strategy in the region. It is now recruiting a dynamic Head Of Procurement and Vendor Management, SVP/ Director for its Singapore operations.ResponsibilitiesReporting to Chief...

  • Business Development Manager

    2 weeks ago

    Singapore Risk Solutions Full time

    Are you an experienced consultative sales professional who loves selling to the banking and financial services industry?Are you motivated to achieve targets and goals?About the Role Achieve revenue targets through new business attainment and support upsell opportunities in partnership with generalist team Establishes relationships with key seniorlevel...

  • Business Development Manager

    2 weeks ago

    Singapore Risk Solutions Full time

    Why Work for UsIn LexisNexis Risk Solutions, Global companies and governmental entities rely on us to solve their most complex data challenges. Our employees collaborate to reduce risks and create opportunities for customers in more than 100 countries. We're adaptable, curious and ambitious. That's why here, you'll have the freedom to drive change, the trust...

  • Internal Audit SVP/Director

    2 weeks ago

    Singapore BEATHCHAPMAN (PTE. LTD.) Full time

    Roles & ResponsibilitiesExcellent stakeholder management exposure People management role Lean teamAn exciting role has come up with a Financial Institution for an Internal Audit SVP/Director. This is a people management role and you will manage a small team of internal auditors. You will work with the business to devise an annual Internal Audit plan....

  • Vp/svp, Finance Business Partner

    2 weeks ago

    Singapore Ethos BeathChapman Full time

    Job Details:LocationSingaporeSalaryCompetitive SalaryJob TypePermanentRefBH-179034ContactCarissa Cher- Postedabout 5 hours ago Excellent opportunity to be part of a global investment firm Strong company branding Competitive remunerationAs a VP/SVP, Finance Business Partner, your key responsibilities include:Stakeholder partnership and advisory acting as a...

  • Vp / Svp - Operational Risk

    2 weeks ago

    Singapore Kerry Consulting Full time

    Consultant:Jeremy Koh***Job Reference No.JK28120Registration No.R1113423License No.16S8060FunctionLegal, Compliance & Risk***- Established Financial Institution: 2nd Line Of Defense (South East Asia Coverage):High Visibility to ManagementOur client is an established high performing financial institution with an international business portfolio. To support...

  • SVP, Principal Architect

    2 weeks ago

    Singapore DBS Bank Limited Full time

    SVP, Principal Architect (Data Platform), Data Technology, Technology & Operations SVP, Principal Architect (Data Platform), Data Technology, Technology & Operations DBS Bank Limited Singapore Posted 1 day ago Permanent Competitive SVP, Principal Architect (Data Platform), Data Technology, Technology & Operations Business FunctionGroup Technology and...

  • SVP/VP, Industry Relationship Manager, Global Automotive Coverage, Institutional Banking Group

    2 weeks ago

    Singapore DBS Bank Limited Full time

    SVP/VP, Industry Relationship Manager, Global Automotive Coverage, Institutional Banking Group SVP/VP, Industry Relationship Manager, Global Automotive Coverage, Institutional Banking Group DBS Bank Limited Singapore Posted 2 days ago Permanent Competitive SVP/VP, Industry Relationship Manager, Global Automotive Coverage, Institutional Banking Group ...

  • Svp, Transformation, Health Claims

    2 weeks ago

    Singapore HSBC Full time

    Some careers grow faster than others.If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you...

  • Internal Audit SVP/Director

    4 weeks ago

    Singapore Ethos BeathChapman Full time

    Excellent stakeholder management exposure People management role Lean team An exciting role has come up with a Financial Institution for an Internal Audit SVP/Director.   This is a people management role and you will manage a small team of internal auditors. You will work with the business to devise an annual Internal Audit plan. Thereafter, you will work...