Senior Officer, Market Risk Management

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

Market Risk Management area is responsible for determining potential loss due to market movements, such as changes in interest rates, equity prices, credit spreads, and foreign exchange rates. Typically organized by product or transaction type. Monitors trading limits and reviews transactions over these limits. In conjunction with senior management and/or a Risk Management Committee, formulates or executes the firm's market risk management policies.

The Risk Management function is responsible for identifying, assessing, and mitigating risk. May include establishing risk management procedures and processes to ensure adherence to policies.

Job Description

• Perform data analysis to prepare inputs for FRTB IMA project testing. This includes data validation of time series market data, and performing statistical tests on market prices, etc. 
• Develop and implement processes in supporting FRTB IMA project 
• Assist in User Acceptance Testing of FRTB solutions
• Document workflows and processes for FRTB IMA
• Participate in other projects, process changes and department initiatives.

Job Requirements

• Minimum Bachelor Degree in Business, Finance, Accounting, Economics or Statistics with strong interest in market risk management.
• Strong quantitative, analytic and problem-solving skills
• Ability to work well under pressure with commitment to deliver under tight deadlines. Strong team player with good communication skills. 
• Proficiency in MS Excel and MS PowerPoint are required. Knowledge of SQL, VBA, Python, preferred.
• Professional designation in GARP, PRM will be viewed favourably
• The ideal candidate has at least one year of market risk experience.

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.

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