Manager/Senior Manager, Model Risk Management – Risk Management

China Minsheng Banking Corp., Ltd. Hong Kong Branch; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

China Minsheng Banking Corp., Ltd. Hong Kong Branch is seeking an experienced professional to lead the design, rollout and continuous improvement of the branch’s model risk management framework to comply with HKMA rules.

You will manage end-to-end validation for stress-testing models, maintain model inventory and risk ratings, and prepare executive risk reports. The role requires 5+ years in model risk management, strong pricing and risk measurement knowledge for bonds and derivatives, and

Qualifications

• Bachelor’s degree or above in Finance, Mathematics, Statistics or other relevant majors.
• Minimum 5 years of working experience in model risk management, quantitative analysis or risk management within banking institutions or consulting firms.
• Proficient in pricing and risk measurement methodologies for bonds, interest rate and FX derivatives; CFA/FRM holders are preferred.
• Competent in Python and SQL; hands-on AI implementation is a plus.
• Proficient in English and Chinese (Cantonese & Mandarin).

Responsibilities

• Lead the design, rollout and continuous improvement of the Branch’s model risk management framework to comply with HKMA rules.
• Manage end-to-end independent validation for stress-testing models; establish model inventory and risk rating system; assess performance and effectiveness.
• Perform independent validation for stress-testing programmes and corresponding models; monitor regulatory liaison for HKMA regulations.
• Serve as risk control gatekeeper in new product approval workflow; verify risk measurement models for new products and ensure stable operation.
• Prepare model risk reports for senior management; drive remediation of risk issues and advance risk data governance and automated reporting.

Skills

Python

SQL

AI implementation

Education

Bachelor’s degree in Finance/Mathematics/Statistics

Job description

• Lead the design, rollout and continuous improvement of the Branch’s model risk management framework in order to comply with HKMA rules. Draft and update model governance policies and enforce segregation of duties between model development and independent model validation.


• Manage end-to-end independent validation for stress-testing models. Establish the model inventory and model risk rating system, conduct ongoing performance and effectiveness assessment. Perform independent validation for stress-testing programmes and corresponding models.


• Responsible for model risk for regulatory liaison. Monitor newly issued HKMA regulations and complete validation and approval procedures.


• Serve as a critical risk control gatekeeper in the new product approval workflow. Verify risk measurement models for new products prior to launch and guarantee stable operation. Assess model risk exposures introduced by new trading systems and risk infrastructure rollouts.


• Prepare dedicated model risk reports for senior management. Drive remediation of identified model risk issues, and advance risk data governance and automated risk reporting initiatives.

Requirements:

• Bachelor’s degree or above in Finance, Mathematics, Statistics or other relevant majors.


• Minimum 5 years of working experience in model risk management, quantitative analysis or risk management within banking institutions or consulting firms.


• Proficient in pricing and risk measurement methodologies for bonds, interest rate and FX derivatives; CFA/FRM holders are preferred.


• Competent in tools including Python and SQL; hands‑on experience in AI implementation is a plus.


• Proficient in both written and spoken English and Chinese (Cantonese & Mandarin).

Your job application for the in-scope position(s) is subject to the Mandatory Reference Checking Scheme (MRCS) formulated by the Hong Kong Association of Banks (HKAB) in consultation with the Hong Kong Monetary Authority. You are required to provide your consent for China Minsheng Banking Corp., Ltd. Hong Kong Branch (CMBC Hong Kong Branch) to conduct reference checks with your current and previous employers. Any employment offer will be conditional upon the satisfactory completion of this mandatory process. For more details, please refer to the “FAQs for In-Scope Individuals” on HKAB website: https://www.hkab.org.hk/en/page/5/mandatory-reference-checking-scheme-phase-2. All information provided by you will be treated with strict confidence.

* In case of any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.