Credit Policy & Governance, Head

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, Thailand and Vietnam, 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

The Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. To do that, we work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

Responsibilities

• To govern and be a gatekeeper to ensure retail business (Mortgage, Auto Loan, Credit Card & Ready Credit) operates within approved risk appetite, policies and delegated authority.

• To initiate annual oversights on the retail credit policy at country level in reflection of the industry practice, market conditions and local regulations

• To establish proper governance process control to facilitate effective review on the product review document (PRD), credit program book (CPB), credit test and any credit policy changes for PFS retail credit portfolio.

• To formulate and continuously enhance the independent and robust retail credit PFS trackers to early detect any abnormalities observed for undertaking of escalation actions, covering the analysis on financials (including RRA), asset mix and loan performance.

• To independently develop and to continuously enhance MIS monitoring on any PFS retail credit policy changes, to highlight irregularities / non-compliance risk to PFS Risk / Business

• To actively engage with MIS & Control, PFS Risk and Business Finance sourcing for the financial / loan performance information to facilitate oversights and ad-hoc analytic requested by senior management.

• To institute proactive oversight on the end-financing post approval monitoring with intent to identify additional high-risk zones / developers and negative locations and to trigger escalation process e.g. EF limit review / developer grading downgrades.

• To establish and continuously enhance the Quality or Risk Assurance Framework to provide assurance on the line 1 compliance with approved critical policies & process standards, to identify irregularities with continuous input for improvement of end-to-end credit cycles.

• To effectively exercise the oversight role in the portfolio quality review (PQR) / early alert review / management meetings

• To identify the training needs and career development plan as part of the retention plan for the department.

• To clearly outline the departmental key roles and responsibilities and the job descriptions for each team member.

• To perform ad-hoc task assigned by Country Head, Retail Credit from time to time.

Key relationships

Internal:

- PFS Credit/Credit Management department

- PFS Risk/Product

- Data Analytic

- Finance

- Loan Ops

- Manco member

- Group Retail Credit Head

- CCEO

External:

- Governance office

- Valuation firms

- Vendors

For nature of purpose:

- To ensures appropriate oversight and accountability for effective management of credit risk throughout PFS business

• Mandatory

- Excellent understanding of banking’s credit risk, collection, product, finance and financial markets and also UOB overall business dynamics, particularly Retail Banking;

- Establishing credit guidelines and policy for the line of business;

- Strong leadership skills for constantly changing credit risk environment;

- Experiences in working with auditors, regulators and compliance;

- Expertise in project management, talent management, good interpersonal skills and influencing;

- Fluency in English required.

• Preferred:

- Managing Retail Credit Risk in more than 10 years.

- Essential (Technical Skills)

- NIL.

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, 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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