Manager, Market Risk Management

Uob Kay; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

United Overseas Bank Ltd (UOB) in Singapore is seeking a Market Risk Manager to oversee risk policies, monitor exposures, and support regulatory reporting. You will conduct stress testing, collaborate with front/middle/back offices, and help enhance risk systems in a fast-paced banking environment.

The role requires 2–3 years of market risk experience, a finance/quant degree, and strong analytical skills; FRM/CFA desirable. Based in Singapore with a focus on robust risk governance.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Quantitative Finance or related field.
• 2–3 years of market risk management experience in a financial institution.
• Strong understanding of financial markets, products and risk concepts.
• Familiarity with Basel III and MAS requirements; FRM/CFA desirable.

Responsibilities

• Develop, implement and maintain market risk policies and methodologies.
• Monitor market risk exposures across asset classes and products.
• Perform stress testing and scenario analysis for risk assessment.
• Prepare risk reports for senior management and regulators.
• Collaborate with front/middle/back offices on risk capture and reporting.
• Oversee limit setting and breach escalation; review new products for risk implications.
• Contribute to risk systems enhancements and data quality initiatives.
• Provide guidance to junior team members on risk concepts and regulations.

Skills

VaR

Stress testing

Regulatory frameworks

Risk management concepts

Analytical skills

Communication

Education

Bachelor's or Master's in Finance/Economics/Quantitative field

Tools

Murex

Kondor+

Bloomberg

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.

Company: 1011 United Overseas Bank Ltd

Job Description

Responsible for managing market risk exposures within United Overseas Bank Ltd, ensuring compliance with regulatory requirements and internal risk policies, and supporting the overall risk management framework.

Responsibilities

• Develop, implement, and maintain market risk policies, procedures, and methodologies in line with regulatory expectations (e.g., Basel III, MAS requirements) and best industry practices.
• Monitor and analyze market risk exposures across various asset classes (e.g., interest rates, foreign exchange, equities, commodities) and products (e.g., derivatives, bonds, structured products).
• Perform stress testing and scenario analysis to assess the impact of adverse market movements on the bank's portfolio and capital adequacy.
• Prepare and present comprehensive market risk reports to senior management, risk committees, and regulators, highlighting key risk trends, exposures, and mitigation strategies.
• Collaborate with front office, middle office, and back office teams to ensure accurate risk capture, valuation, and reporting of market risk positions.
• Oversee the limit setting and monitoring process for market risk, ensuring adherence to approved limits and escalating breaches as necessary.
• Participate in the review and approval of new products and complex transactions, providing expert advice on market risk implications.
• Contribute to the ongoing enhancement of market risk systems and infrastructure, including model validation and data quality initiatives.
• Provide training and guidance to junior team members on market risk concepts, methodologies, and regulatory requirements.
• Keep abreast of market developments, regulatory changes, and emerging risk issues relevant to market risk management.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Quantitative Finance, Financial Engineering, or a related quantitative field.
• Minimum of 2-3 years of experience in market risk management, preferably within a financial institution.
• Strong understanding of financial markets, products, and risk management concepts.
• In-depth knowledge of market risk methodologies, including VaR, stress testing, and sensitivity analysis.
• Familiarity with relevant regulatory frameworks (e.g., Basel III, MAS requirements) and industry best practices.
• Proficiency in risk management systems and tools (e.g., Murex, Kondor+, Bloomberg).
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, presentation, and interpersonal skills, with the ability to articulate complex risk concepts clearly to diverse audiences.
• Ability to work independently and as part of a team in a fast-paced environment.
• Professional certifications such as FRM or CFA are highly desirable.

Additional Requirements

University-Bachelor

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.