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Deputy Manager to Manager, Model Validation, RMD

Posting Date:  Nov 3, 2022
Location: 

Hong Kong, HK

Employment Status:  Permanent
Department:  Risk Management Department
Job Description: 

Job Responsibilities

  • Validate new/existing credit risk models for both retail and non-retail portfolio from both qualitative and quantitative aspects according to regulatory requirements/accounting standards
  • Document the findings in model validation exercises with recommendations, and communicate the results with both senior management and other stakeholders
  • Liaise with internal auditors, external auditors, HKMA and other regulatory bodies
  • Maintain an effective model validation framework comprising model validation policies and procedural guidelines

Job Requirements

  • Postgraduate degree or above with major in statistics, Mathematics, risk management, quantitative finance, financial mathematics, management science or equivalent discipline
  • At least 4 years of working experience in credit risk analytics area from a commercial bank or a global consulting firm
  • Knowledge in VBA, SQL, R is a plus
  • Knowledge of both local and international regulatory requirements on model validation and capital accord
  • Knowledge of various quantitative methods, and are able to explain clearly to non-technical audiences
  • Strong written and oral communication for both technical and non-technical discussion in Chinese (including Putonghua) and English
  • Candidate with less experience may be considered for an Assistant Manager position.