Assistant VP, Model Validation & Risk Governance

BOC International Holdings Limited; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

BOC International Holdings Limited is seeking a senior professional to build and maintain a robust model risk governance framework in line with HK SFC Type 11 requirements. You will independently validate VaR, SIMM, and OTC pricing models, liaise with LOD1, and assess risk implications of system upgrades.

You will partner with IT and Operations to ensure data quality and be the primary liaison for internal/external audits, while delivering training on valuation and quantitative risk methods to

Qualifications

• Advanced degree in quantitative fields required.
• 5+ years in risk management, valuation control, model validation, and quantitative analytics in financial institutions.

Responsibilities

• Build and maintain a robust model risk governance framework ensuring policy clarity and HK SFC Type 11 compliance.
• Perform independent validation and review of critical risk models (VaR, SIMM) and OTC pricing models.
• Liaise with LOD1 to oversee controls around model development, implementation, and monitoring.
• Validate pricing and risk models for new initiatives or product launches and assess implications of system upgrades.
• Collaborate with IT and Business Operations to ensure data quality and integrity for accurate model results and reporting.
• Act as primary liaison for model risk audits and regulatory inquiries, ensuring compliance with local and international standards.
• Deliver technical training on valuation and quantitative risk methodologies to cross-functional stakeholders.

Skills

Quantitative risk

Model validation

Regulatory knowledge

Communication

Education

Master's/PhD in Quantitative Finance/Mathematics/Physics

Tools

Excel VBA

Python

Bloomberg

RiskMetrics

Numerix

C/C++

Java

Job description

BOC International Holdings Limited is seeking a senior professional to build and maintain a robust model risk governance framework in line with HK SFC Type 11 requirements. You will independently validate VaR, SIMM, and OTC pricing models, liaise with LOD1, and assess risk implications of system upgrades.

You will partner with IT and Operations to ensure data quality and be the primary liaison for internal/external audits, while delivering training on valuation and quantitative risk methods to