Job No.: 492382 Employment Type: Full time Departments: Risk Management Department Job Functions: Strategic Planning, Risk Management

Job No.: 492382
Employment Type: Full time
Departments: Risk Management Department
Job Functions: Strategic Planning, Risk Management

Assistant Model Validation Manager

Job level Middle
Education Bachelor Degree
Location Central
Employment type Full Time
Industry Banking
Job function Banking / Finance > Credit
Banking / Finance > Others
Published On 02/12/2016
ref. 492382

Responsibilities:

  • Validate robustness of credit scorecards, PD/LGD/EAD models, and other risk models (e.g. portfolio concentration risk, stress testing, calculation of economic capital) across retail, corporate, financial institution and sovereign exposures in compliance with Basel II IRB regulatory requirements;
  • Review model development and maintenance process, examine underlying assumptions, theories, empirical evidence and potential limitations, and assess implementation, user test and on-going use in key risk processes;
  • Evaluate model performance from different dimensions, prepare validation datasets and perform statistical tests;
  • Manage validation process, plan and execute project activities and coordinate with different parties within the Bank;
  • Compose validation reports, document findings and make recommendations, and communicate the results to senior management and different stakeholders;
  • Assist in periodic review of internal policies and procedural guidelines;
  • Communicate with internal auditors and regulators;
  • Support in ad hoc tasks as required.

Requirements:

  • Degree or above, major in Finance, Economics, Statistics, Risk Management, Applied Mathematics, Management Science, Operations Research, Computer Science or relevant disciplines;
  • Good business sense with logical thinking;
  • Proficiency in data analysis tools such as SAS, R or VBA is preferred;
  • Knowledge of risk model development / validation is definitely an advantage;
  • Self-motivated, detail-minded and passionate;
  • Good command of written English and Chinese.
  • Candidates with more experience will be considered for Model Validation Manager 

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidates. Interested parties, please submit your application online. For details, please visit our website “http://www.bochk.com

Data collected would be used for recruitment purposes only. Applicants who do not hear from us within 8 weeks may consider their application unsuccessful and their data will be destroyed within 12 months of receipt.