Business Risk Manager, Private Bank

Company: 1011 United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

Job Responsibilities

As a member of the Private Bank Business Risk & Control Management (BRCM) team, this role plays a key part in strengthening risk and regulatory competency within the first line of defense. The role involves exercising risk oversight over front office activities through quality assurance checks and thematic reviews.

Key responsibilities include:

• Conducting post-trade surveillance (e.g. tape listening, email monitoring) for client accounts, and conducting supervisory reviews on other team members’ work.
• Performing regular and thematic testing, as well as post-transaction reviews, in collaboration with other BRCM team members.
• Stand out as a subject matter expertise in investment products and related regulatory requirements, including controls such as Investment Suitability, and to provide guidance to more junior team members. Anti-fraud knowledge would be a good to have.
• Identifying root causes of process exceptions and recommending corrective actions.
• Engaging with Front Office staff to communicate testing results, resolve disputes, and conduct reassessments when necessary.
• Participating in discussions with business and risk partners (e.g. Compliance, COO, Internal/External Audit) on risk and process issues.
• Recommending and implementing enhancements to improve the effectiveness and efficiency of the control framework.
• Providing pragmatic risk advisory support to Front Office and support functions on initiatives and projects.
• Participating in the non-financial risk framework for Private Bank, including leading risk and control self-assessments and independent reviews on suitability and selling practices.
• Driving special projects, thematic reviews, and investigations using data analytics where applicable.
• Reporting on risk metrics for Risk Forum and Quality Assurance Scorecard.
• Leveraging data analytics to proactively identify emerging risk hotspots and indicators.

Job Requirements

• Minimum of 6 years’ experience in a financial institution, preferably within Private Banking, with a background in business risk, compliance, audit, or consulting.
• Strong people management skills with the ability to work closely with junior team members for the purpose of guiding and resolving issues.
• Strong expertise in Investment Suitability and Pricing regulations, with practical application in Private Bank frameworks and assurance testing.
• Ability to lead thematic reviews and assessments of risk topics or special cases, including planning, execution, and reporting.
• Strong communication, presentation and analytical skills, with the ability to work independently and collaboratively across all levels of the organization.
• Demonstrates resilience under pressure and a balanced approach to business needs and control requirements.
• Demonstrated ability to provide effective risk advisory and contribute to strategic initiatives.
• Degree qualified, preferably in a discipline relevant to risk management, finance, business, or related fields. Postgraduate qualifications in analytics, compliance, or risk management would be an advantage.
• Proficient in PowerPoint and comfortable working with data, including skills in analytics, automation, and visualization.

Additional Requirements

Develop, Engage, Execute, Strategise

Be a Part of the 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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