Posted on 2021-10-11

Vice President, Central Treasury Unit

United Overseas Bank Limited (Hong Kong Office)

About the Department

The Finance and Corporate Services function manages the financial and administrative needs of the Group to help achieve its business goals.

Group Finance

We support enhanced decision-making to achieve optimal and sustainable financial outcomes for our shareholders. We are responsible for providing insights into the performance of the Group through financial, regulatory and performance reporting of the Group.

Job Responsibilities

  • Drive the management of stable and well-diversified funding base, with sufficient funding capacity to support the Branch’s longer term growth plans, through review of balance sheet projections and planning of funding sources.
  • Plan and execute wholesale funding strategies with both internal and external parties (e.g. Head Office borrowings, issuance of certificate of deposit / medium term notes).
  • Review and update the Branch’s internal Fund Transfer Pricing (“FTP") mechanism and attributes to make sure the FTP is capable to optimize the Branch’s balance sheet profile balancing deposit margin vs assets competitiveness.
  • Participate in preparation and review of monthly management reports (e.g. CTU Dashboard), and regular review of balance sheet composition (e.g. HQLA / Loan asset mix).
  • Analyze asset yields and funding costs, and provide recommendations for improvement in balance sheet efficiency (net interest margin, return on assets, and return on risk weighted assets). Coordinate with Group to optimize funding costs.
  • Review and manage the Branch’s structural interest rate and liquidity profile. Ensure the Group’s interest rate risk management policy is being adhered to, and recommend appropriate hedging should there be increasing risks as noted from relevant key risk indicators (e.g. EVE, NII, PV01, etc.)
  • Management of FX swaps. Manage currency gaps with minimal excess funds.
  • Keeping abreast of changes in market and regulations (Basel, HKMA etc.), and analyze implications on balance sheet strategies.
  • Support ad hoc requests such as streamline/automation of regular reports, system implementation, etc.

Job Requirements

  • University degree in accounting, finance, economics or risk management, preferably with CPA/CFA/FRM/ECF-TM qualifications.
  • At least 8 years of relevant experience with exposures to wholesale and financial markets products – loans, deposits, CDs, regulatory assets (HQLA), FX and Interest Rate swaps. Prior experience in balance sheet management is an advantage.
  • Strong communication skillset, able to articulate subject matter well to all levels of management.
  • Strong analytical and data management skillsets.
  • Strong skills in MS Excel and PowerPoint, preferably some knowledge in Excel VBA. Familiarity with market data systems (Reuters, Bloomberg) is an advantage.
  • Highly organized and detail-oriented individual who can multi-task to ensure all deadlines are met.
  • Good team player who works well under pressure.
  • TMA Level 2 (Full Member) required

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.

Interested parties please click Apply Now to apply job.

 

All applications applied through our system will be delivered directly to the advertiser and privacy of personal data of the applicant will be ensured with security.

More job information
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 8 years - 13 years
Career Level
  • Senior management level
Education
  • Degree