Business Risk Manager, Private Bank

United Overseas Bank Limited (UOB); Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading bank in Asia is seeking a professional for the Private Bank Business Risk and Controls Management (PB BRCM) team. This role requires a minimum of 9 years' experience in financial institutions, focusing on risk oversight, product suitability, and compliance with anti-fraud regulations. Ideal candidates will have strong leadership, analytical, and communication skills, as well as a relevant degree. The position offers an opportunity to strengthen risk and regulatory competencies within a dynamic and supportive environment.

Qualifications

• Minimum of 9 years' experience in a financial institution, preferably in Private Banking.
• Strong expertise in Anti-Fraud and Investment Suitability regulations.
• Ability to lead thematic reviews and assessments of risk topics.

Responsibilities

• Conducting post-trade surveillance and supervisory reviews.
• Performing thematic testing and post-transaction reviews.
• Engaging with Front Office staff to communicate testing results.

Skills

Anti-Fraud expertise

Investment Suitability regulations

People management skills

Analytical skills

Communication skills

Education

Degree in risk management, finance, or related fields

Tools

PowerPoint

Job description

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.

Job Description

UOB Private Bank

is dedicated to managing the wealth of high-net-worth individuals with investment assets of $5million and above. Keeping in mind our clients' financial objectives, we provide tailored products and solutions that draw on the Group's comprehensive suite of personal, business and investment services.

The Private Bank Business Risk and Controls Management (PB BRCM)

function sits with the PB Business as part of 1st line of defence, under the PB COO organization. PB BRCM actively drives and maintains oversight of the front to back activities and risk profile of the PB business, in close partnership with the business and supporting control functions. The PB BRCM function has responsibility over ensuring proper management and oversight across non-financial risk taxonomies, including Investment Suitability, AML/KYC, Anti-fraud, Conduct, Cross border activities, Data Privacy, BCM etc. The BRCM function runs various risk governances, risk assessments, controls, reviews and advisory related activities over the PB business.

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.

• 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 Anti-Fraud, and to provide guidance to more junior team members.
• 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 controls 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 9 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 Anti-Fraud and Investment Suitability 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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