AVP, Model Risk & Validation Strategy

BOC International Holdings Limited; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

BOC International Holdings Limited in Hong Kong seeks a senior risk professional to build and govern a robust model risk framework, validating pricing and risk models (VaR, SIMM, OTC derivatives) and ensuring regulatory compliance. You will collaborate with LOD1, IT and operations, perform back-testing, data quality checks, and deliver training on valuation methodologies.

Advanced degree and 5+ years in risk management are required; HK exposure is advantageous.

Qualifications

• Advanced degree in Quantitative Finance, Mathematics, Physics, or related field.
• 5+ years in risk management, valuation control, model validation, and quantitative analytics in a bank, consulting firm, or financial institution.
• 2+ years of full-time work experience in Hong Kong or overseas is an advantage.
• Solid understanding of OTC derivatives across major asset classes and standard valuation frameworks.
• Proficiency in Excel VBA and Python; knowledge of C/C++, Java is a plus.

Responsibilities

• Build and maintain a robust model risk governance framework in line with HK SFC Type 11 requirements.
• 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 business initiatives or product launches; assess model risk implications of system upgrades.
• Partner with IT and Business Operations to ensure data quality and integrity for accurate model results and risk reporting.
• Act as primary liaison for model risk-related audits and regulatory inquiries; monitor emerging regulatory requirements.
• Deliver technical training on valuation and quantitative risk methodologies to cross-functional stakeholders.

Skills

Excel VBA

Python

C/C++

Java

Education

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

Tools

Excel VBA

Python

C/C++

Java

Job description

BOC International Holdings Limited in Hong Kong seeks a senior risk professional to build and govern a robust model risk framework, validating pricing and risk models (VaR, SIMM, OTC derivatives) and ensuring regulatory compliance. You will collaborate with LOD1, IT and operations, perform back-testing, data quality checks, and deliver training on valuation methodologies.

Advanced degree and 5+ years in risk management are required; HK exposure is advantageous.