Manager / Assistant VP, Credit Risk Modeler - IFRS9, Group Business Banking
UOB · Central Region, Singapore +1 · 7d ago
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
The Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.
We are seeking a talented individual for an Credit Risk Analyst role within our Portfolio Management and Models team. The candidate should have a strong understanding of statistical concepts, programming skills and a keen analytical mind.
The candidate will be senior analyst responsible for developing, implementing, and monitoring of risk scorecards and FRS9 credit models, as well as overall risk management of Business Banking portfolios in Singapore and regional markets.
- Responsible for developing, maintaining, and validation of IFRS9 models and scorecards to support credit risk and performance management across the regional markets.
- Partner with regional credit risk modelers to drive model validation & model development; and provide justification / explain the validation results to various stakeholders.
- Work closely with various stakeholders in Group and regional countries to support credit risk analytics for IFRS9 models usage and optimization.
- Keep up to date on changes to regulatory requirements and minimum standards of model development (Basel II, Basel IV, FRS9), including compliance to regulatory ethics standards (FEAT).
- Provide business requirement document, support UAT, and deployment of models, as well as datamart enhancement initiatives.
- Provide regular and ad-hoc analyses and reports to senior management, regulators, and other key stakeholders.
- Present models to senior management and stakeholders, obtain model signoffs, and where relevant, seek regulator’s approval for new models.
Job Requirements
- Minimum 3 years of experience in IFRS9 model development/validation, or similar analytic roles, preferably in a business banking (i.e. Retail SME) environment.
- Ability to clearly communicate technical model performance metrics in an easy-to-understand manner and tailoring them to different audiences
- Ability to handle multiple projects with minimal supervision.
- Team player who can work well with cross functional teams in Group and regionally, good communication skills (verbal and written) and self-motivated.
- Strong computing skills: SAS - Programming, Enterprise Guide, Enterprise Miner; SQL and database familiarity; MS Office applications, including advanced spreadsheet functionalities. Competency in R, Python and VBA will be an added advantage
- A good degree in Banking & Finance, Financial Engineering, Statistics, Computer Science, or equivalent
Additional Requirements
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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