Risk Manager (Market Risk / Pricing Model Validation)

Responsibilities:

• Conduct model validation, for one or more than one type of models, in accordance with various regulatory requirements and mandates from the Board and Senior management, including valuation models of financial market products, risk models for market risk, interest rate risk, and liquidity management, models for stress testing, and etc.
• Identify model related issues which will impact on risk management, compliance, and business objectives, effectively communicate results and closely track follow-up actions taken by related parties to minimize the inherent model risk associated with the model uses
• Help senior manager manage validation process including planning, executing project activities, monitoring milestones, controlling quality of deliverables, liaising with different internal or external parties, and defending fact-based validation results
• Establish, and follow the latest development, review and revise policy and operational guidance regularly for qualitative and quantitative validations of various types of models
• Manage the implementation of model risk management policy for the relevant model types, i.e. establish and review the related model inventory, conduct model life-cycle management and contribute to the bank wise model risk report
• Conduct research to experiment with different ideas using varying approaches to facilitate model validation and model risk identification, and track regulatory direction by frequently sorting through the latest regulatory documentation and closely following best industry practice
• Prepare reports and assist team's communication with the management, internal and external auditors, the board, regulators and other related stakeholders

• Maser degree or above with major in Quantitative Finance, Mathematics, Statistics, Physics, Economics or Engineering (MSc, PhD) or equivalent analytic disciplines.
• At least 3-year proven tracking record of effectively performing model development or validation related activities in financial institutions, consultancy or regulatory bodies, preferably in areas such as derivatives pricing / valuation, market risk management, interest rate risk management, liquidity risk management, and etc.
• Proficiency in technical tools such as VBA, Python, SAS.
• Self-motivated, willing to learn, detail-minded and with passion for risk management excellence.
• A team player with effective communication and interpersonal skills is a mandate.
• Excellent in both written and spoken English and Chinese.