We are seeking a diligent and analytically minded professional to join our client's Model Risk Team, based in Hong Kong. This role plays a critical part in ensuring the integrity and robustness of the models used across various business units, contributing to the management of model risk and adherence to internal governance frameworks and regulatory requirements.
The successful candidate will be responsible for independently reviewing and validating models, including those used for risk management, capital calculation, pricing, and valuation. You will collaborate with model developers, business teams, and risk management to assess model assumptions, methodologies, and performance, ensuring models perform as intended and meet relevant standards.
Key Responsibilities:
- Conduct independent validation of quantitative models and methodologies.
- Document review findings clearly and comprehensively.
- Identify model limitations and recommend appropriate controls and improvements.
- Support the development and implementation of model risk policies and procedures.
- Maintain effective communication with internal stakeholders to ensure thorough understanding of models and associated risks.
- Keep up to date with regulatory developments and changes in industry best practices.
Requirements:
- Undergraduate or postgraduate degree in a quantitative discipline such as mathematics, statistics, physics, engineering, econometrics or finance.
- Experience in model validation, quantitative risk, analytics, or a related field within financial services.
- Strong understanding of model development and validation techniques across various model types (e.g., credit risk, market risk, pricing models).
- Knowledge of relevant regulations including Basel, IFRS 9, and HKMA guidelines.
- Excellent analytical and problem-solving skills with acute attention to detail.
- Proficiency in programming languages such as Python, R, SAS or MATLAB.
- Strong written and verbal communication skills.
- Ability to work independently and prioritise tasks effectively within a dynamic environment.
This role offers a challenging opportunity to be part of a highly specialised and growing team that plays a vital role in the risk governance of the organisation. Candidates with a strong background in quantitative analytics and a passion for model risk management are encouraged to apply.
