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United Overseas Bank (UOB)

<p><strong>We’re here to do Right By You. </strong></p>
<p>UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&amp;P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America.</p>
<p>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 throughout the region.</p>
<p>We draw on our time-tested values in building a sustainable future of ASEAN. Our responsibility stems from our commitment to doing what is right by our customers, colleagues and communities.&nbsp;</p>
<p><em>Source: </em><a href="https://www.uobgroup.com/uobgroup/about/index.page" target="_self"><em>uobgroup.com</em></a></p>

Who We Are

<p><strong>Honourable</strong></p>
<p>We act prudently to fuel your success, maintaining the highest professional and moral standards. We do what is right for you through discipline, clarity, and courage.&nbsp;</p>
<p><strong>Enterprising</strong></p>
<p>We were built with an enterprising spirit, demonstrated through thought leadership, keen insight and a forward-looking mindset.&nbsp;</p>
<p><strong>United</strong></p>
<p>We work as a team to achieve individual and corporate goals with cooperation, mutual respect and loyalty.&nbsp;</p>
<p><strong>Committed</strong></p>
<p>We are committed to build a better tomorrow. We ensure that UOB is a trusted source of stability, security and strength.&nbsp;</p>
<p><em>Source: </em><a href="https://www.uobgroup.com/uobgroup/about/index.page" target="_self"><em>uobgroup.com</em></a></p>

Our Values

<p><span xml:lang="en-GB" lang="en-GB" itemprop="description" data-careersite-propertyid="description" class="rtltextaligneligible"> <span class="jobdescription"><div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><h2 style="font-size:1.0em;margin:0.0px"><b>About UOB</b></h2> </div><div><p><span style="font-size:12.0px"><span style="font-family:Arial, Helvetica, sans-serif">United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. UOB's purpose is to build the future of ASEAN.&nbsp;Our purpose guides The UOB Way – that defines our unique culture and belief system, anchored on our values of being Honourable, Enterprising, United and Committed, and our people philosophy of Care, Growth and Trust.&nbsp;</span></span></p> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><h2 style="font-size:1.0em;margin:0.0px"><b>About the Department</b></h2> </div><div><p><span style="font-size:12.0px"><span style="font-family:Arial, Helvetica, sans-serif">UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition.&nbsp;We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.</span></span></p> <p><span style="font-size:12.0px"><span style="font-family:Arial, Helvetica, sans-serif">As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.</span></span></p> <p>&nbsp;</p> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><h2 style="font-size:1.0em;margin:0.0px"><b>Job Responsibilities</b></h2> </div><div><p>The Reconciliation Head is responsible for overseeing the reconciliation process of financial transactions and accounts, ensuring accuracy, completeness, and compliance with company policies and regulatory requirements. This role involves managing a team of reconciliation officers, developing and implementing reconciliation procedures, resolving discrepancies, escalations and management reporting.</p> <p><br> <b>Manage Reconciliation Processes</b><br> •&nbsp;&nbsp; &nbsp;You will be the Reconciliation (Nostro &amp; Custodian) lead for GWBGMO Center of Excellence.&nbsp;<br> •&nbsp;&nbsp; &nbsp;You will lead and oversee the daily reconciliation activities for all the Operations Centers, subsidiaries and overseas branches that CoE is supporting.&nbsp;<br> •&nbsp;&nbsp; &nbsp;The daily reconciliation activities will include the reconciliation of various financial accounts, including bank statements, ledger accounts, and internal financial records. Ensure timely and accurate reconciliation of accounts to maintain financial integrity<br> •&nbsp;&nbsp; &nbsp;You will develop and implement standardized reconciliation procedures and policies, and continuously review and improve reconciliation processes to enhance efficiency and accuracy</p> <p><b>Team Leadership</b><br> •&nbsp;&nbsp; &nbsp;Lead and manage a team of reconciliation specialists, providing guidance, training, and performance evaluations<br> •&nbsp;&nbsp; &nbsp;Foster a collaborative and high-performance work environment</p> <p><b>Discrepancy Resolution</b><br> •&nbsp;&nbsp; &nbsp;You will use your subject matter expertise and industry knowledge to investigate and resolve discrepancies identified during the reconciliation process. You will perform credible challenge and independent assessment of root causes and mitigating actions for issues and incidents as well as any subsequent escalation and reporting to senior management</p> <p><b>Internal Controls and Compliance</b><br> •&nbsp;&nbsp; &nbsp;Ensure compliance with internal controls, company policies, and regulatory requirements. Monitor and manage operational risks associated with the reconciliation process.<br> •&nbsp;&nbsp; &nbsp;Adhere and support the bank Risk &amp; Control framework through various programs which include utilizing appropriate Key Risk Controls Self-Assessment (KRCSA), Key Risk Indictors (KRI), Management Risk Awareness (MRA), Incident Reporting (IRF) and Business Continuity Management (BCM)<br> •&nbsp;&nbsp; &nbsp;Support Audit/ Regulatory engagements including coordination, communications, and required actions with management committees, internal auditors, external auditors, regulators and other internal stakeholders as appropriate</p> <p><b>Reporting and Analysis</b><br> •&nbsp;&nbsp; &nbsp;Prepare regular reports on reconciliation activities, including identified discrepancies and resolutions. Analyze reconciliation data to identify trends, risks, and areas for improvement.</p> <p><b>Stakeholder Communication</b><br> •&nbsp;&nbsp; &nbsp;Communicate effectively with internal and external stakeholders, including auditors, finance teams, and regulatory bodies. Provide support and information during audits and regulatory reviews.<br> &nbsp;</p> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><h2 style="font-size:1.0em;margin:0.0px"><b>Job Requirements</b></h2> </div><div><p>•&nbsp;&nbsp; &nbsp;Bachelor’s degree holder with more than 8 years of experience working in Banking &amp; Financial services industry, out of which at least 5 years’ experience in an operation environment<br> •&nbsp;&nbsp; &nbsp;Preferably with Wholesale Banking or Global Markets or Custody products processes/ application systems/ data management knowledge<br> •&nbsp;&nbsp; &nbsp;Strong knowledge of reconciliation processes and financial controls<br> •&nbsp;&nbsp; &nbsp;Good knowledge and understanding on operational risk management and financial industry regulations<br> •&nbsp;&nbsp; &nbsp;Previous management or supervisory experience is highly desirable.<br> •&nbsp;&nbsp; &nbsp;A team player, strong interpersonal, communication and presentation skills.<br> •&nbsp;&nbsp; &nbsp;Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.&nbsp;<br> •&nbsp;&nbsp; &nbsp;Possesses good analytical and problem-solving skills<br> •&nbsp;&nbsp; &nbsp;Self-driven, meticulous and able to operate expeditiously to deliver results and meet tight timelines<br> &nbsp;</p> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><h2 style="font-size:1.0em;margin:0.0px"><b>Be a part of UOB Family</b></h2> </div><div><p><span style="font-size:11.0pt"><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span><span style="font-family:'Segoe UI', sans-serif"><span style="color:#242424">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.</span></span></span></span></span></span></p> <p><br> <span style="font-size:11.0pt"><span style="font-family:Calibri, sans-serif"><span style="font-size:10.5pt"><span style="font-family:'Segoe UI', sans-serif"><span style="color:#242424"><span>Apply now and make a difference.</span></span></span></span></span></span></p> </div></div></div> </span> </span></p>

This job is the VP Head of Reconciliation at UOB, where you&#x27;ll oversee financial transactions and lead a team to ensure accuracy. You might like this job because it offers regional exposure and the chance to shape banking processes while advancing your career.

 About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. UOB's purpose is to build the future of ASEAN. Our purpose guides The UOB Way – that defines our unique culture and belief system, anchored on our values of being Honourable, Enterprising, United and Committed, and our people philosophy of Care, Growth and Trust.  About the Department UOB Innovation Hub 2...

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