Associate / Senior Associate, Model Risk Management

China Securities (International) Finance Holding Company Limited; Hong Kong; On-site; HKD 520,000 - 780,000; Full time

Job summary

China Securities (International) Finance Holding Company Limited seeks a risk-focused professional to support model risk management and validation in a regulated environment.

You will evaluate model soundness, review testing, and document findings while communicating results to stakeholders. Fluency in English and Putonghua, with strong math and programming skills (Python/SQL/VBA) is essential.

Qualifications

• Degree in a quantitative discipline with strong math and analytical skills.
• Experience in quantitative model development or validation is an advantage.
• Programming skills in Python, VBA and SQL.
• CFA/FRM certification is highly preferred.
• 2+ years proven technical background in financial products, preferably with model risk management.
• Solid knowledge of financial markets and products (FICC, OTC derivatives) and risk metrics.
• Strong communication skills, able to explain complex concepts clearly.
• Proficiency in English and Chinese (Putonghua) required.

Responsibilities

• Report to heads and assist with model risk management and monitoring.
• Evaluate conceptual soundness by data, theory, and testing considerations.
• Review testing adequacy and design independent validation tests.
• Document validation approach, findings and conclusions in reports.
• Communicate results to team and stakeholders as appropriate.
• Participate in risk management systems implementation and UAT.
• Participate in daily risk monitoring and reporting duties.

Skills

Mathematics

Statistics

Analytical skills

English communication

Chinese communication

Education

Bachelor's degree in quantitative field

CFA/FRM certification preferred

Tools

Python

SQL

VBA

Job description

Report to the Head of model risk team and the Head of Risk Management to assist with model risk management of the Company. Uphold a stringent risk monitoring approach to ensure model risk is in line with regulatory and company policy.

Key responsibilities

Evaluate conceptual soundness of models by assessing input data, model theory (including model assumptions and limitations), model construction and model testing in relation to known model use cases

Review adequacy of testing performed by model owners and design and execute efficient independent model testing both standardized and tailored to specifics of the model's type, implementation and usage

Document validation approach, observations, findings and conclusions in comprehensive validation reports

Communicate results of model validation tests and observations within the team and to relevant stakeholders, where appropriate

Participate in risk management systems implementation and User Acceptance Testing (UAT)

Participate in daily risk monitoring and reporting duty

About you

Degree in a quantitative discipline, with strong Mathematics, Statistics and Analytical skills

Experience in quantitative model development or validation is an advantage

Programming skills in Python, VBA, SQL

CFA/FRM certification is highly preferred

2+ years proven technical background in financial products, preferably with experience in model risk management and control function within banking or financial services

Solid knowledge and experience of financial markets and products (FICC, OTC derivatives) and understanding of credit and counterparty risk metrics

Strong communication and interpersonal skills, including ability to explain sophisticated technical concepts in a clear way

Broad market and finance knowledge in different asset class areas and BASEL is an advantage

Good command of written and spoken English and Chinese including Putonghua