Model Validation Risk Specialist
1 week ago
**Summary**:
The Model Validation 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 Validation in Risk Management is preferred but we are open to consider graduates who have an internship experience in Modeling OR in Model validation
- Strong in SQL, Python
- Understanding of model risk governance and regulatory requirements
- Excellent analytical and problem-solving skills
- Strong communication and interpersonal skills
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