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VP, Model Validation, Quantitative Risk Management

• Diverse Risk Models Exposure
• Expanding Financial Institution with Decision-making in Hong Kong
• Attractive Packages

Our client is a fast-expanding Financial Institution with a solid focus in developing the Asia Financial Markets businesses. As part of strategic growth, the group is seeking a high-calibre Model Risk / Model Validation Quantitative Risk Management professionals to join the Group Risk Management function with global coverage, based in Hong Kong.

The key responsibilities for this position are as follows:

• Senior member of the team to assist the Leader in Quantitative Risk Management across model validations, model methodologies, model development, model identification/attestation, model risk rating, model assumptions, limitations, implementation, etc.
• Work closely with model developers and support model development activities for quantitative risk monitoring and model risk control.
• Communicate effectively any identified model risk issues and remediation approaches.
• Involve in the development, implementation and enhancement of model risk management policies and procedures, ensuring the adherence to the policies and regulatory guidance.
• Challenge the business and 1st line teams on model assumptions, limitations, inputs / outputs, model risk issues identified while partnering closely with 1st and 3rd line of defence teams.
• Assist on ad-hoc request and group projects and new products from the quantitative risk management perspectives.
• Promote risk awareness and best practices across the local and regional teams.

Successful applicants will have the following skills and experience:

• Degree qualified in quantitative finance, risk management, mathematics, computer science.
• Minimum 6-8 years relevant experience in quantitative risk, model validation, model risk, market risk, model development.
• Experience in developing or validating risk models across market risk, counterparty credit risk, pricing and liquidity risk models, initial margin models and stress testing models.
• Excellent analytical skills.
• Broad financial markets products knowledge, especially in equity derivatives.
• Proficient with Excel, VBA, Python and SQL.
• Excellent communication skills with fluency in English.

Information provided is for recruitment purposes only.

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