Separately, on 30 March 2017, Mr. Frankie Phua, Managing Director and Head of Credit & Country Risk Management at UOB delivered another talk to the MFE students. The talk was titled, “The Evolving Role of An Effective Risk Manager”. Mr. Phua began by telling what he believed the objectives of risk management are.
Mr. Phua then talked about the impact of the global financial crisis on the industry and risk management in particular, delving deeper into the enhanced role of risk manager since the crisis. Giving an overview of the evolution of the field of risk management in recent years, Mr. Phua gave the audience a list of attributes he believed that are important in anyone aspiring to become a risk manager. These included a good grasp of global macro trends and emerging risks, active knowledge of the business, effective communication, perhaps unexpected but very important attribute in courage to challenge exiting measures and practices. He concluded his talk with a lively debate with the audience about whether risk management is an art or science, and opined that it is an art to be an effective risk manager.
Mr. Frankie Phua is responsible for all risk management matters for UOB Group (including overseas branches and subsidiaries) and oversees credit risk, market risk, balance sheet risk, operational risk management, integrated fraud management and product control & governance and risk analytics.
Both talks were part of a series of MFE talks which feature senior practitioners from various industry sectors including private banking, investment banking, commercial banking, and hedge fund. This is aligned with RMI’s continuous efforts to grow its career services for its MFE students.
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