AVP, Model Risk Management and Model Validation, Risk Management

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

Job summary

BOC International Holdings Limited in Hong Kong seeks a senior risk professional to strengthen model risk governance, validation, and regulatory compliance across complex financial products.

The role requires deep expertise in OTC derivatives, quantitative analytics, and collaboration with IT and operations to ensure data integrity and robust risk reporting. Fluency in English and Chinese is essential for cross‑border communication and audits.

Qualifications

• Advanced degree (Master's or Ph.D.) in Quantitative Finance, Mathematics, Physics, or related fields.
• Over 5 years of experience in risk management, valuation control, model validation, and quantitative analytics related business functions within a bank, consulting firm or other financial institutions.
• Candidates with over 2 years of full time working experience in Hong Kong or overseas is considered as an advantage.
• Solid understanding of OTC derivatives across major asset classes (Equity, Rates, FX, Credit), including standard valuation frameworks and risk metrics.
• Proficiency in Excel VBA and Python is essential; experience with C/C++, Java, or other programming languages is a plus.
• Excellent communication and writing skills in both Chinese (including Putonghua) and English.
• FRM (Financial Risk Manager) certification is preferred.
• Experiences with vendor software (e.g. Bloomberg, RiskMetrics and Numerix) is advantageous.

Responsibilities

• Build and maintain a robust model risk governance framework in line with HK SFC Type 11 standards.
• Perform independent validation of risk models (VaR, SIMM) and OTC pricing models with back-testing.
• Liaise with the First Line of Defense (LOD1) to oversee controls on model development, implementation, and monitoring.
• Validate pricing and risk models for new initiatives and system changes.
• Ensure data quality and integrity with IT and Operations for accurate risk reporting.
• Coordinate audits and regulatory inquiries related to model risk.
• Deliver training on valuation and quantitative risk methodologies to stakeholders.

Skills

Excel VBA

Python

C/C++

Java

English communication

Chinese communication (Putonghua)

Education

Master's or Ph.D. in Quantitative Finance/Mathematics/Physics

Tools

Bloomberg

RiskMetrics

Numerix

Job description

Key Accountabilities

• Build and maintain a robust model risk governance framework, ensuring policy clarity and compliance with HK SFC Type 11 regulatory requirements as well as global industry standards.
• Perform independent validation and review of critical risk models (e.g., VaR, SIMM) and OTC derivative pricing models, applying rigorous back‑testing, benchmarking, and performance analysis.
• Liaise with the First Line of Defense (LOD1) to oversee controls around model development, implementation, model use and ongoing monitoring.
• Validate pricing and risk models associated with new business initiatives or product launches, and assess model risk implications arising from system upgrades or infrastructure changes.
• Partner with IT and Business Operations to ensure data quality, completeness, and integrity through logistics checking and rectification, thereby guaranteeing accurate model results and risk reporting.
• Act as the primary liaison for model risk‑related internal and external audits and regulatory inquiries, ensuring compliance with local and international standards while monitoring emerging regulatory requirements.
• Deliver technical training on valuation and quantitative risk methodologies to cross‑functional stakeholders, providing practical guidance and support for business analytics.

Skills & Experience

• Advanced degree (Master's or Ph.D.) in Quantitative Finance, Mathematics, Physics, or related fields.
• Over 5 years of experience in risk management, valuation control, model validation, and quantitative analytics related business functions within a bank, consulting firm or other financial institutions.
• Candidates with over 2 years of full time working experience in Hong Kong or overseas is considered as an advantage.
• Solid understanding of OTC derivatives across major asset classes (Equity, Rates, FX, Credit), including standard valuation frameworks and risk metrics.
• Proficiency in Excel VBA and Python is essential; experience with C/C++, Java, or other programming languages is a plus.
• Excellent communication and writing skills in both Chinese (including Putonghua) and English.
• FRM (Financial Risk Manager) certification is preferred.
• Experiences with vendor software (e.g. Bloomberg, RiskMetrics and Numerix) is advantageous.

As a leading investment bank in China and Hong Kong region, the investment banking arm of Bank of China, BOC International Holdings Limited (“BOCI”), is now seeking highly motivated, creative and success‑oriented professional who would like to pursue the career for supporting our group.