Assistant VP, Risk Analytics and Modelling, Group Retail
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.
About the Department
The Retail function 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, including deposits, insurance, secured and unsecured loans, and investment and wealth advisory services.
Job Responsibilities
• Perform extensive backtesting required to ensure behavior and application scorecards are fit for use. Analysis required includes:
* 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
* 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
* Enhance and develop new Basel models and estimates where required
* Validate and monitor risk scorecards as required
* Support UAT and deployment of models, as well as analytics datamart enhancement initiatives
* Generate, analyze, 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 3+ 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 the 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.
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