Manager, Credit Stress Test
3 days ago
Posting Date: 11 Dec 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
Group Risk Management is a Second Line of Defence function and the Independent Credit Review Unit (ICRU) under CCRM performs independent credit reviews to ensure appropriate and timely classification of accounts framework.
CCRM is part of Group Risk Management, which is responsible for managing the risks arising from the Group's business activities and ensuring these risks remain within the overall risk appetite established by the Board and Senior Management. This involves identifying and evaluating the risks and developing effective risk governance and strategies to manage them. To perform this role effectively, we undertake the following key tasks:
- Facilitate business development within a prudent, consistent and efficient risk appetite framework which is aligned with the Group's strategy.
- Develop and implement a consistent risk management framework across the Group. This includes establishing risk policies and procedures, limit structures, delegation of authority and development of risk models for risk measurement.
- Provide the Board and Senior Management with an independent and timely assessment of the Group's overall risk profile.
- Conduct independent assessment of credit proposals and grant approval based on delegated authority.
- Research and develop the Bank's credit stress testing model and methodology.
- Review and enhance the Bank's credit risk economic capital (ECAP) model.
- Perform regular risk reporting of the Bank's ECAP and concentration risk analysis of the Bank's credit portfolio.
- Conduct group-wide regulatory (i.e. IWST, ICAAP, Pillar 1) and managerial credit stress tests.
- Perform system automation of stress test execution.
As a member of the credit risk stress test team, the key tasks include:
- Develop and enhance the Bank's credit stress test models and conduct annual review.
- Participate in the economic capital (ECAP) model review.
- Perform regular risk reporting of the Bank's ECAP and concentration risk analysis of the Bank's credit portfolio.
- Participate in group-wide regulatory (i.e. IWST, ICAAP, Pillar 1) and managerial credit stress tests.
The ideal candidate should hold a University Bachelor / Master degree holder in Economic/ Statistics / Finance / Accounting
Proficiency in:
- SAS / MatLab
- Excel / Word / Power Point
- Other computer programming skills are plus
- Strong analytical thinking and problem solving
- Good presentation skills
- Working well independently or with team
- Minimum one year of experience in related field as per job description.
- Fresh graduate can also be considered
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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Singapore United Overseas Bank Full timeAbout United Overseas BankAs a leading bank in Asia, United Overseas Bank (UOB) operates through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, and Thailand. Our history spans over 80 years, guided by our values – Honorable, Enterprising, United, and Committed. Credit and Risk Management Department OverviewThe Credit...
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