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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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