Assistant VP, Risk Analytics and Modelling, Group Retail

United Overseas Bank Ltd.; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

A leading bank in Asia seeks an Assistant VP for Risk Analytics and Modelling within their Group Retail. The candidate will conduct detailed risk analysis, model development for IFRS9 and Basel requirements, and support the validation of risk scorecards. This is an excellent opportunity for professionals with a strong background in credit risk and data analytics, aiming to contribute to a dynamic banking environment.

Qualifications

• 5+ years experience in credit risk and modelling.
• Strong knowledge of retail banking customer credit cycle.
• Proficient in quantitative analysis tools and programming.

Responsibilities

• Perform extensive backtesting for behavior and application scorecards.
• Validate macroeconomic models for IFRS9 and perform validation on estimates.
• Develop new IFRS9 and Basel models as required.

Skills

Credit risk management

Statistical analysis

Data analytics

Risk modelling

Programming (Python, SQL)

Education

Degree in Statistics, Mathematics, Actuarial Science, or Financial Engineering

Tools

Excel

SAS

Powerpoint

VBA

Enterprise Guide

Enterprise Miner

Job description

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Assistant VP, Risk Analytics and Modelling, Group Retail

Posting Date: 25 May 2025

Location:

Raffles (City Area), SG, 048624

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

TheRetailfunction provides Personal and Business Banking customers with financial solutions tailored to their needs. We help them manage their money wisely and meet their financial goals through an extensive range of products and services. These include deposit, insurance, secured and unsecured loans, investment and wealth advisory services.

We design and provide products and services that empower our customers to enjoy greater banking convenience while they extract more value from their money. In particular, we are focused on promoting and developing healthy saving and investment practices across generations.

Job Responsibilities

• Perform Extensive backtesting required to ensure Behavior and Application scorecards are Fit for Use. Analysis required to be performed include :

• KS/AR analysis
• Characteristic Analysis
• PSI

• For IFRS9 the Analysis would require assessing the following :

• Validation of Macroeconomic models
• Perform validation on the PD,LGD and EAD estimates for the various portfolios and ensure the estimates are fit for use on the various portfolios
• Enhance and develop new IFRS9 models where required

• For BASEL the Analysis would require assessing the following :

• Perform validation on the PD,LGD and EAD estimates for the various portfolios and ensure the estimates are fit for use on the various portfolios
• Enhance and develop new basel models and estimates where required
• The candidate will be responsible validating and monitoring risk scorecards as and where required.
• Support UAT and deployment of models, as well as analytics datamart enhancement initiatives
• Generate, analyse and monitor scorecard performance reports and booking profiles.

Job Requirements

• Degree in a quantitative programme, such as Statistics, Mathematics, Actuarial Science, Financial Engineering, etc
• Minimum 5+ years of working experience in credit risk, credit modelling and management, IFRS9, Basel Models ( PD,LGD,EAD)or data analytics, preferably in a retail banking environment. Consulting and risk vendor experiences will also be considered
• Strong knowledge of retail banking customer credit cycle especially in Unsecured lending is an advantage
• Strong IT skills, especially in Excel, Powerpoint, VBA, SAS, Enterprise Guide, Enterprise Miner, Python and SQL / AS400 query and database

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.