Job No.: 492319
Employment Type: Full time
Departments: Risk Management Department
Job Functions: Risk Management

Senior Model Validation Manager


  • Evaluate performance of credit scorecards, PD/LGD/EAD models, or other credit risk models (e.g. portfolio risk stress testing, economic capital, IFRS9) across retail and non-retail exposures in accordance with regulatory requirements and best practices.
  • Execute qualitative validation, including assessment of model development processes, underlying assumptions, applied theories, empirical evidences, potential limitations, implementation and use-test etc.
  • Execute quantitative validation, including preparing validation datasets, identifying data quality issues, performing statistical tests from different performance dimensions.
  • Manage validation process including planning and executing of project activities, coordinating and liaising with different parties in the Bank.
  • Prepare reports and make recommendations to senior management or related stakeholders.
  • Review policies and procedural guidelines regularly.


  • MBA or Master with major in Finance, Economics, Statistics, Risk Management, Applied Mathematics, Management Science (Operations Research) or equivalent discipline. Ph.D. degree will be preferred.
  • At least 6 years' working experience in model building, model validation, model application or similar analytics area in financial institutions, business sectors, or regulatory bodies.
  • Proficiency in data analysis tools such as SAS, R or VBA.
  • Candidates with experience in research w/ paper(s) publication will be an advantage
  • Sophisticated analytic capacity and critical thinking.
  • Good understanding of models in the area of market risk, interest rate risk or liquidity risk will be a plus.
  • Self-motivated, willing to learn, detail-minded and with passion for analytics excellence.
  • Effective communication and interpersonal skills.
  • Excellent in both written and spoken English and Chinese.

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 “” 

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.

Job level Entry
Work exp 6 Years
Education Master Degree
Industry Banking
Job function Banking / Finance (Research / Analysis)
Banking / Finance (Risk Management)
Banking / Finance (Others)
Location Hong Kong
Employment type Full Time
Published On 11/10/2016