VP, Third-Party and Outsourcing Risk Management Job Details | United Overseas Bank Limited

VP, Third-Party and Outsourcing Risk Management

Posting Date: 8 Oct 2024 Location: Singapore, SG 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

The Credit and Risk Management function is comprised of three teams: Risk Management, Credit and Special Asset Management. We manage the risks arising from the Group’s business activities within the risk appetite established by the Board. This involves identifying and evaluating the risks, developing effective risk governance and strategies as well as providing independent assessment of the overall risk profile.

Job Responsibilities

• Partner closely with the NFRM stakeholder manager team and BU/SUs to provide subject matter expert guidance and advice on outsourcing and third-party non-outsourcing risk management matters.
• Review the BU/SU’s due diligence and risk assessments on outsourcing and third-party non-outsourcing service providers, and highlight any key risk concerns for the appropriate action, reporting and monitoring.
• Co-lead in the development and maintenance of the Third-Party and Outsourcing Risk Management Framework, Policy, Procedures and Guidelines; and in the oversight of their implementation across the Group for consistency and effectiveness.
• Co-lead in the enhancement of the third-party and outsourcing risk management module in the Governance, Risk and Compliance (GRC) system and conduct periodic end user testing.
• Provide secretariat support to the Third-Party and Outsourcing Committee.
• Promote greater outsourcing and third-party non-outsourcing risk management awareness among the BU/SUs by developing third-party and outsourcing training materials and conducting training sessions and ad hoc briefings.
• Create and maintain proper documentation of all assigned work areas so as to facilitate easy knowledge transfer and sharing among team members.
• Prepare risk management reports for regulatory and/or management reporting.
• Lead or participate in ad-hoc projects as assigned from time to time.

Job Requirements

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. #J-18808-Ljbffr