Frankie Phua

Managing Director and Head of Group Risk Management
United Overseas Bank Limited

IBF Fellow (2017)

Risk Management

"Risk management practices are always evolving. We must be open and willing to refine best practices."

Biography

​Mr Frankie Phua is the Managing Director and Head of Group Risk Management at UOB overseeing all risk management matters for the Group. He holds leadership positions in several of the Group's committees.  

Over the past 15 years in his career with UOB, Mr Phua has developed expertise in areas such as credit risk modelling, counterparty credit risk, economic capital, stress testing, credit portfolio optimisation and country risk management. He was the Basel II Project Coordinator for UOB where he led the Group's Basel II Internal Ratings-Based (IRB) implementation efforts. UOB was granted approval by the Monetary Authority of Singapore to adopt the Internal Ratings-Based Approach in 2008 – a reflection of UOB's robust risk management process. Internationally, he is called upon to share his expertise on Basel II IRB processes in forums and as a subject-matter expert.

He is the Chairman and a Director of the Board of the Singapore Chapter of the Risk Management Association (RMA) in the United States. The principle objective of the RMA Singapore Chapter is to promote sound credit and risk management practices. 

Mr Phua also teaches customised risk management courses and the Specialist Diploma in Credit Risk Management – Corporate Banking at the Risk Management Institute (RMI), National University of Singapore (NUS). He also conducts credit risk training for banks in Cambodia, China, Hong Kong, Laos, Myanmar, Taiwan and Vietnam.

In addition, he shares his perspectives and experiences at various international risk management conferences such as those organised by RiskMinds – the world's largest risk management conference, the International Swaps and Derivatives Association, The International Association of Credit Portfolio Managers and NUS RMI.

Before joining UOB, Mr Phua spent more than 10 years as a corporate and investment banker at a number of international banks.