Chief Risk and Governance Officer for Wholesale Banking

5 days ago

Singapore United Overseas Bank Full time

United Overseas Bank, a leading financial institution in Asia, is seeking an exceptional professional to join our Group Wholesale Banking team as Chief Risk and Governance Officer. This critical role involves formulating and strengthening governance on all risk frameworks, ensuring compliance with applicable legislations, including anti-money laundering regulations.

The ideal candidate will have a minimum of 8 years of experience in audit, regulatory compliance, or a related field, preferably in corporate banking or wholesale banking. Certification in regulatory compliance and anti-financial crimes is mandatory. Strong knowledge of Singapore's regulations and prior experience in project and change management are also required.

This is an excellent opportunity to work in a dynamic business environment that provides financial services and solutions to clients across the region. The successful candidate will be responsible for providing effective challenge to internal stakeholders on existing controls, reviewing and identifying key emerging risks, and proposing risk mitigating measures.

The estimated salary for this position is $120,000 - $180,000 per annum, depending on qualifications and experience. UOB offers a comprehensive benefits package, including health insurance, retirement plans, and employee assistance programs.

We are committed to fostering a diverse and inclusive workplace culture that promotes collaboration, innovation, and growth. If you are a motivated and results-driven individual with a passion for risk management, please submit your application.

Key Responsibilities:

  • Formulate and strengthen governance on all risk frameworks, policy, framework, ensuring that GWB comply with all applicable legislations, including Anti-Money Laundering crimes.
  • 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.
  • Provide advisories and review Business Units policies and guidelines.
  • Work with multiple internal stakeholders to deliver desired outcomes.
  • Review and identify key emerging risks in GWB and/or industry and propose risk mitigating measures/controls.
  • Ensure that potential risk issues highlighted by various Bank's risk functions, such as Group Operational Risk, Group Compliance and Group Audit, are properly communicated and/or addressed within GWB.
  • Work with Group Compliance and other internal risk departments to ensure that activities are coordinated to avoid duplication and improve the overall effectiveness.
  • Identify and work with BU/GWB Data Analytics on risk management initiatives, thereby increasing operational efficiencies and enhancing proactive risk identification.
  • Support the Business Units/Support Units in risk identification, escalation and remediation.
  • Monitor the effectiveness of the Business Units/Support Units controls (for example, through risk culture/operational risks dashboards, audit reports and fair dealing scorecard).
  • Prepare risk management reports.
  • Provide guidance to BRCMs in overseas locations on Group's risk management initiatives and/or share application/implementation/best practices at Group.
  • Able to articulate and present to senior internal and external stakeholders including regulators and external audit.
  • Ensure that GWB is kept abreast of the latest developments (including best practices), on both the risk and regulatory front.
  • Conduct training where necessary.

Required Skills and Qualifications:

  • Degree or professional qualification in business or banking/financial services related areas
  • Certification in regulatory compliance and/or anti-financial crimes is a must
  • Has minimum 8 years of relevant work experience preferably in audit, regulatory compliance/Line 1 Risk and Control role in corporate banking/wholesale banking of a full-service bank
  • Excellent knowledge of Singapore's regulations, particularly on anti-financial crimes
  • Proven and relevant experience in regulatory compliance in a financial services institution is required
  • Prior experience in risk/controls design and assessment is required.
  • Prior experience in regulatory framework of South East Asia region is preferred.
  • Prior experience in project and change management and/or process engineering would be a clear advantage
  • Data management and data analytics is preferred.
  • Able to write macros on Microsoft excel or basic programming skill is an advantage.
  • Excellent communication (written, verbal) and interpersonal skills to positively influence people to make the appropriate decisions and resolve conflicts effectively
  • Team player, self-driven with strong interpersonal as well as communication and stakeholder management skills
  • Resourceful, meticulous, analytical and able to work independently with excellent verbal and report-writing skills.
  • Growth mindset, i.e. openness to learn and take on other risks types

About United Overseas Bank:

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 over 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.

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