Head of Model Risk

1 week ago


Singapore GXS BANK PTE. LTD. Full time

**Job Descriptions**:
Reporting directly to the Chief Risk Officer, this is a Second Line of Defence role under the Risk Management function. The Manager is responsible to drive and oversee the effective implementation of the Model Governance Risk framework and agenda while aligning them to the Bank’s overall digital strategy.

**Responsibilities**:

- The role is responsible for the management of the model governance program to ensure appropriate internal control, review, maintenance, reporting and handling of models.
- This includes development of standard processes, templates and training for model management and model governance.
- Conduct any independent or thematic review as required.
- Partner with product teams (developing the products that use the models) and data science to coordinate model governance activities across the bank.
- Develop and maintain policies related to model management and governance in line with the regulatory requirements.
- Maintain centralized model inventory for the bank
- Define roles and responsibilities for model governance, maintain inventory of critical roles and model risk ownership
- Define and monitor key activities related to model validation and monitoring
- Support efforts led by product to coordinate model governance efforts
- Define the standards and the delivery of model independent validation and testing
- Manage the model governance projects to define scope and develop plans that drive deliverables completion
- Partner closely with leaders to align goals and operational metrics in support of the bank’s strategic planning and review process.
- Keep abreast of the regulatory landscape in Singapore particularly on economic outcomes, global economic impacts and regulatory changes related to financial institutions.
- Participate in Model governance/Risk Management working group and committee forums
- Develop metrics and reporting dashboards for leadership
- Collaborate with cross functional groups to execute upon the deliverables and serve as a thought leader on critical initiatives related to model development and risk management
- Conduct training activities to promote the understanding of model risk requirements, working mechanics and risk/ control awareness.
- 12-15 years of work experience with a Bachelor’s degree or 10-12 years of experience with Advanced degree (e.g. Masters in Economics or Statistics)
- Advanced knowledge of traditional risk management and its relationship within a matrixed environment
- Good understanding of technology and retail products in the digital banking space. Familiar with modern and emerging technology techniques and an interest to stay abreast of industry developments (e.g. DevOps, Cloud, APIs, service-oriented architectures etc).
- Experience with risk identification, assessment, and mitigation of material risk
- Experience in deploying risk models and the governance process
- Modelling experience of developing different types of models (e.g. risk models, Operational risk, Liquidity, others)
- Ability to translate observations of global trends in model governance into streamlined processes
- Good understanding of the local economy and global economic trends
- Experience using Artificial intelligence and machine learning models.
- Possess strong influencing, communication and presentation skills. Confident, able to work independently and possess the courage to challenge model development teams, risk-decisions made by senior stakeholders; if deemed inappropriate.



  • Singapore MUFG BANK, LTD. SINGAPORE BRANCH Full time

    **Job responsibilities**: The VP/AVP role within the market risk management department (Model risk team) will be in charge of performing derivatives pricing model validation, model risk analysis, new product assessment and technical support to product control and market risk team to monitor market risk activities undertaken by Global Markets (Trading) and...


  • Singapore GXS Bank Full time

    **Reporting directly to the Chief Risk Officer, this is a Second Line of Defence role under the Risk Management function. The role is responsible to drive and oversee the effective implementation of the Model Governance Risk framework and agenda while aligning them to the Bank's overall digital strategy.** **Responsibilities**: - **The role is responsible...

  • Head of Risk

    16 hours ago


    Singapore Arab Banking Corporation Full time

    Key stakeholder in establishing the risk framework for Asia within the Bank’s Group Risk Policy and Strategy. In addition, work with Group Risk Management to ensure that risk appetite is set in line with Group guidance, Board direction and local regulatory requirements. That the risk appetite drives the strategy adopted by ABC Singapore and that the annual...


  • Singapore MUFG BANK, LTD. SINGAPORE BRANCH Full time

    **Job responsibilities**: The AVP role within the market risk management department (Model risk team) will be in charge of performing derivatives pricing model validation, model risk analysis, new product assessment and technical support to product control and market risk team to monitor market risk activities undertaken by Global Markets (Trading) and...


  • Singapore Standard Chartered Full time

    **JOB SUMMARY** - The Climate Risk Models team is established within ERM charged with building out first line Climate Risk management capabilities, in terms of risk identification, measurement and integrating these into governance and existing risk processes and partnership with the business. This role will support the Head, Climate Risk Models in the...


  • Singapore beBeeRisk Full time $80,000 - $120,000

    Job OpportunityWe are seeking a skilled Quantitative Risk Analyst to join our team in Singapore.This role reports directly to the Head of Credit Risk and will be responsible for leading the development and implementation of quantitative models and systems.The successful candidate will actively contribute to the further enhancement of our Credit Risk...


  • Singapore HSBC Full time

    -Job description **Some careers grow faster than others.** If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards...


  • Singapore Argyll Scott Full time

    Our client is a leading Bank, currently seeking a highly skilled and experienced Head of Market Risk Analytics to lead their group team. They are idealy looking for someone with a strong quantitative background, deep expertise in market risk models, and a proven track record in managing large, globally distributed teams. **Key Responsibilities**: **Model...

  • Head, Risk Analytics

    16 hours ago


    Singapore Standard Chartered Full time

    Job ID: 27817 Location: Singapore, SG Area of interest: Transaction Banking Job type: Regular Employee Work style: Office Working Opening date: 6 May 2025 **Job Summary**The Trade Risk & Portfolio Management team is responsible for end to end management of all risk types for the Trade & Working capital products, coordinating risk management across all...


  • Singapore The Edge Asia Full time

    Our client is an international bank with significant business footprints and presence in Asia and they are urgently looking for a Head of Regional Internal Rating Based (IRB) Retail Models. This is a new hire, senior management role, regional coverage and has people management responsibility. EA License: 16S8131 Recruiter License: R1106582 **Key...