Maribank - Risk Management - Model Risk Validator Manager

Join to apply for the Maribank - Risk Management - Model Risk Validator Manager role at MariBank

Join to apply for the Maribank - Risk Management - Model Risk Validator Manager role at MariBank

• Develop and own regional model risk policies and guidelines, ensuring they remain compliant with all relevant industry and regulatory guidelines.
• Drive the consistency of model risk management policies, guidelines and processes across different countries.
• Lead the end-to-end management of the model lifecycle, ensuring compliance with the Bank's policies and guidelines.
• Sound understanding of the regional regulatory requirements.
• Manage the processes of model identification, attestation, and maintain a comprehensive model inventory.
• Manage model risk management reports for stakeholders and regulators.
• Establish AIDA model risk management framework and processes.
• Validate risk models across various risk types, countries, including financial and non-financial risk models, and model types such as Machine Learning models.
• Perform independent validation of models, ensuring accuracy and compliance through both qualitative and quantitative assessments.
• Report model risk findings and validation outcomes to senior management and the risk committee.
• Continuously enhance validation processes to maintain robust model risk management.
  
  

Job Description

Model Risk Management

• Develop and own regional model risk policies and guidelines, ensuring they remain compliant with all relevant industry and regulatory guidelines.
• Drive the consistency of model risk management policies, guidelines and processes across different countries.
• Lead the end-to-end management of the model lifecycle, ensuring compliance with the Bank's policies and guidelines.
• Sound understanding of the regional regulatory requirements.
• Manage the processes of model identification, attestation, and maintain a comprehensive model inventory.
• Manage model risk management reports for stakeholders and regulators.
• Establish AIDA model risk management framework and processes.
• Integrate automation into model risk management processes.
  
  

Model Validation

• Validate risk models across various risk types, countries, including financial and non-financial risk models, and model types such as Machine Learning models.
• Perform independent validation of models, ensuring accuracy and compliance through both qualitative and quantitative assessments.
• Report model risk findings and validation outcomes to senior management and the risk committee.
• Continuously enhance validation processes to maintain robust model risk management.
  
  

Requirements

• Bachelor's Degree or higher in Quantitative field (i.e. financial engineering, mathematics, statistics, or related field).
• At least 3 years of relevant experience working with Risk Management, Model Development, Model Monitoring, Model Validation or related fields.
• Specific experience with Credit Risk Model development and/or Credit Risk Model Validation is a plus.
• Preferred Certifications: CFA, FRM or any other relevant certifications.
• Strong understanding of regulatory compliance requirements related to model risk.
• Strong understanding of quantitative finance and statistical modelling techniques.
• Proficiency in programming languages (i.e. Python, R, SAS).
• Good stakeholder management and communication skills, strong problem-solving skills.
• Good team player and strong stakeholder management skills.
• Strong written and verbal communication skills.

Seniority level

• Seniority levelMid-Senior level

Employment type

• Employment typeFull-time

Job function

• Job functionFinance and Sales
• IndustriesBanking

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