Model Risk Specialist

1 week ago


Singapore GXS BANK PTE. LTD. Full time
Roles & Responsibilities

Job Title: Model Risk Specialist

Department: Risk (Model Risk Management)

Reporting To: Head of Model Risk

Summary:

The Model Risk Specialist is a Second Line of Defense role in the Risk Management function. The role is primarily responsible for managing the model risk activities across all stages of the model lifecycle.

Responsibilities:


• Manage and complete the Model Lifecycle from end to end for new/ existing models in the bank.


• Validate risk models not limited to scorecards, IRB/ECL/AML models etc.


• Perform risk assessment on Artificial Intelligence and Data Analytics (AIDA) models and GenAI models such as performing FEAT assessment in accordance with MAS guideline.


• Ensure effective embedment of the Model Risk controls in the model lifecycle


• Ensure the Model Risk framework, policy, standards are up to date and in line with regulatory requirements.


• Provide advisory on Model Risk governance best practices to the stakeholders.


• Implement the automation of model governance processes, process synchronisation and data standardization across regional teams.


• Champion the model risk culture, and promote model risk awareness, such as through training.


• Report model risk findings to senior management


• Work effectively as a team member with other quantitative analysts in the Bank, as well as with external consultants.

Eligibility:


• Bachelor's degree in mathematics, statistics, finance, or a related field


• 3+ years of experience in Model Risk Management or a related field


• Strong understanding of model risk governance and regulatory requirements


• Excellent analytical and problem-solving skills


• Strong communication and interpersonal skills

Tell employers what skills you have

Risk Governance
Risk Assessment
Analytical Skills
Interpersonal Skills
Defense
Mathematics
Artificial Intelligence
Statistics
Regulatory Requirements
Data Analytics

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