Manager/AVP, Counterparty Credit Risk System (1 Year Renewable Contract)

  • Competitive
  • Singapore
  • Permanent, Full time
  • United Overseas Bank
  • 16 Aug 17

Manager/AVP, Counterparty Credit Risk System (1 Year Renewable Contract)

This role will be part of the group-wide, multi-year initiative to roll-out new counterparty credit risk system globally across multiple locations. This role will design & execute test cases to ensure proper end-to-end implementation of counterparty risk exposure computation methodology within tight project timelines. This role will also assist in the day-to-day investigation of counterparty limit breaches & provide advisory to the front office & credit monitoring team on the necessary follow-up actions required. This role is part of the Counterparty Credit Risk team which is responsible for modelling, measurement & management of counterparty credit risk for the entire Group.

Responsibilities
  • Understand the counterparty credit risk exposure computation methodology for different derivative products
  • Develop test cases & perform user acceptance testing (UAT) within tight project timelines
  • Liaise and work closely with IT, external vendor & front office to ensure successful execution of test strategy
  • Work with quantitative experts within the team to understand risk requirements and translate them into functional/technical requirements
  • Investigate counterparty limit breaches & provide advisory to front office & credit monitoring team on the necessary follow-up actions required

Required skills and knowledge
  • Diligent, self-motivated with ability to deliver high-quality results in a fast-paced environment
  • Strong excel skills to analyse data & perform calculations
  • Familiarity with derivative products and/or counterparty credit risk management is a plus
  • Prior experience with IT projects related to treasury systems is preferred
  • Bachelor degree in Banking & Finance, Business or a quantitative/computation field
  • Fresh candidates with relevant background are welcomed to apply