About the role
AI summarisedThis is a Manager/AVP level Validation Analyst role within the Portfolio Insights & Validation team at a bank. The role involves validating risk models, conducting independent reviews, and ensuring compliance with regulatory standards such as Basel. The position requires strong analytical skills and experience in risk management.
BusinessFull-timeGeneral
Key Responsibilities
- Perform independent validation of risk models including PD, LGD, EAD, and stress testing models.
- Assess model conceptual soundness, data quality, and performance monitoring.
- Prepare validation reports and present findings to senior management and model owners.
- Identify model limitations and recommend improvements or corrective actions.
- Collaborate with model development teams to ensure robust model governance.
- Stay updated on regulatory requirements and industry best practices for model risk management.
- Contribute to the enhancement of validation methodologies and tools.
- Support ad-hoc risk analytics and projects as needed.
Requirements
- Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
- Minimum 5 years of experience in model validation, risk management, or quantitative analysis in banking.
- Strong knowledge of regulatory frameworks such as Basel III/IV and MAS guidelines.
- Proficiency in statistical software such as Python, R, or SAS.
- Experience with SQL and data manipulation.
- Excellent analytical and problem-solving skills.
- Strong written and verbal communication skills.
- Ability to work independently and manage multiple priorities.
- CFA or FRM certification preferred.
- Experience with credit risk models (PD, LGD, EAD) is highly desirable.