Senior VP, Climate Risk Stress Test Specialist

3 weeks ago

Singapore United Overseas Bank Full time
Senior VP, Climate Risk Stress Test Specialist

Posting Date: 12 Jun 2024

Location:
Singapore (City Area), Singapore, 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 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

We are looking for a suitably qualified candidate to join the Country and Credit Risk Management Division within Group Risk Management. The candidate will play a critical role in assessing climate-related risks within our credit portfolio. The position involves developing, implementing, and conducting climate risk scenario analyses and stress tests to inform business decision-making, regulatory compliance, and internal risk management practices.

Responsibilities
  • Research and development of the Bank's credit stress testing framework and methodology, focusing on climate risk scenario analysis to evaluate the impact of climate change on our assets, investments and financial performance.
  • Design and conduct bank-wide stress tests to assess the resilience of our credit portfolio and business strategies under various climate and macro stress scenarios.
  • Analyze and interpret results from climate risk scenario analyses and macro stress tests to provide insights and recommendations to senior management and stakeholders.
  • Stay abreast of regulatory developments, industry best practices, and emerging trends in climate risk assessment and stress testing.
  • Prepare detailed reports and presentations for internal and external stakeholders, including regulatory authorities and investors.
  • Support the development and maintenance of system and data infrastructure for climate risk scenario analysis and stress testing.
  • Provide training and guidance to internal teams on climate risk scenario analysis and stress testing methodologies.
Job Requirements
  • Recognised university degree in related field.
  • Previous experience (8 to 12 years) in banking, consultancy or related industry, with specific emphasis on climate risk, stress testing, credit risk models, regulatory requirements or other related areas.
  • Strong understanding of climate change science, climate-related financial risks and regulatory requirements (e.g., TCFD, NGFS, ECB guidelines).
  • Proficiency in quantitative data analysis and financial modeling.
  • Strong written and verbal communication skills. Ability to interpret and explain complex information to a range of audiences.
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.

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