Model Risk Manager

3 weeks ago

Singapore SHOPEE SINGAPORE PRIVATE LIMITED Full time
Roles & Responsibilities

Requirements:

Regional 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 in quantitative field (i.e. financial engineering, mathematics, statistics, physics).
  • 5 -10 years of relevant hands-on experience in the field of model risk management including model validations.
  • 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.
  • Strong written and verbal communication skills.
Tell employers what skills you have

Machine Learning
Revit
Engineering Mathematics
Regulatory Compliance
Financial Engineering
Physics
Mathematics
Risk Management
3D
Quantitative Finance
Python
Statistics
Regulatory Requirements
Stakeholder Management

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