IBF Awards

Biography

Frankie Phua is the Managing Director and Head of Group Risk Management at UOB. In this role, he oversees all risk management matters for UOB Group including credit risk, market risk, balance sheet risk, operational risk, risk strategy, fraud risk, technology risk, product control and risk analytics. Prior to joining UOB Risk Management, Frankie spent more than 10 years in the frontline in Corporate/Commercial banking. 

Over the past 20-plus years in his career with UOB, Frankie has developed expertise in areas such as credit risk modelling, counterparty credit risk, economic capital, stress testing, credit portfolio optimization and country risk management. From 2004 to 2006, he was the Basel II Project Coordinator for UOB, where he led the Group's Basel II Internal Rating-Based implementation and obtaining approval from the Monetary Authority of Singapore (MAS) to adopt the Internal Rating-Based Approach (IRBA) for credit risk with effect from 1 Jan 2008.  

Frankie, a seasoned credit risk practitioner, is an active contributor to the risk management community. For the past 10 years, he has been the Chairman and a Director of the Board of the Singapore Chapter of the Risk Management Association (RMA), an organization associated with RMA USA. He is appointed by Risk Management Institute (RMI), National University of Singapore (NUS) as a lecturer for the Specialist Diploma course in Credit Risk Management – Corporate Banking. He is also regularly engaged by NUS RMI to teach customized risk management courses.

Frankie is actively involved in shaping and co-creating industry standards and regulations. His notable strategic industry projects include co-creating the ABS Guidelines on Responsible Financing in 2018, MAS's Guidelines on Environmental Risk Management for Banks in 2020, and more recently in his role as the Chairman of ABS Standing Committee in Fraud to formulate the banking sector response to the rising occurrence of scams. He is also the Chairman of the ABS Fraud Committee and a member of the MAS Green Finance Industry Taskforce.

Frankie is a frequent speaker and shares his perspectives and experiences at various international risk management conferences such as those organized by RiskMinds – the world's largest risk management conference, the International Swaps and Derivatives Association, the International Association of Credit Portfolio Managers (IACPM) and NUS RMI. Regionally, Frankie has also conducted credit risk training for banks in Cambodia, China, Hong Kong, Laos, Myanmar, Taiwan and Vietnam.  

Frankie was conferred the IBF Fellow Award in Risk Management in 2017.