Model Risk Auditor

Gravitas-Recruitment-Group; Hong Kong; On-site; HKD 1,200,000 - 1,900,000; Full time

Job summary

Gravitas-Recruitment-Group is seeking a Model Risk Auditor to lead independent audits of pricing, VaR, and credit risk models across regions. The role reports to senior management and focuses on strengthening governance and risk controls within a globally active financial institution.

You will manage audit projects, coach teams, and interact with senior stakeholders including the Chief Risk Officer. The engagement begins with a 2-week on-site in Asia, requiring work authorization and strong

Qualifications

• Hold a minimum of 10 years’ experience in quantitative risk management, model validation, or model audit within banking/finance or consulting sectors.
• Master’s or PhD in Mathematics, Financial Engineering, Physics, Statistics, Computing, Economics, or similar numerical discipline.
• Demonstrate mastery in stochastic calculus, Monte Carlo simulations, derivatives pricing, and market and credit risk models.
• Proficiency in Python or C++ programming languages.
• Thorough understanding of global regulatory standards on model governance and risk management frameworks.
• Excellent communication and presentation skills, with ability to interact effectively at all levels within the organisation.
• Have the right to work and be available to start on 27/08/2026 for a 2-week on-site engagement in Asia.

Responsibilities

• Lead complex audit projects evaluating models related to pricing, VaR, and credit risk.
• Challenge model governance practices and identify governance gaps; provide independent recommendations.
• Manage and coach audit teams, coordinate resources across regions, and liaise with senior stakeholders (CRO and head of model risk management).

Job description

Model Risk Auditor

The Model Risk Auditor plays a critical role in overseeing and evaluating the firm's model risk management framework to ensure regulatory compliance and operational effectiveness. This position supports the company’s compliance-driven culture by leading independent model audits across various regions and models.

The organisation operates within the banking and finance sector, specialising in risk management, model validation, and compliance. This role offers a unique opportunity to contribute to strengthening model governance and risk controls within a globally active financial institution.

Role Overview

The Model Risk Auditor will lead complex audit projects, evaluating models related to pricing, VaR, and credit risk, and challenge model governance practices. Reporting directly to senior management, the role involves identifying governance gaps and providing independent recommendations to mitigate model risks. The auditor will also manage and coach audit teams, coordinate resources, and liaise with senior stakeholders—including the Chief Risk Officer and head of model risk management.

Key Skills & Experience

• Lead the design and maintenance of the firm’s model risk audit universe
• Build and implement risk-based audit strategies aligned with regulatory standards
• Manage and execute global model audit projects covering diverse models and risk areas
• Challenge model validation practices, including assumptions, methodologies, and technology
• Detect unmonitored model risk aspects and governance gaps
• Track remediation efforts and verify management’s corrective actions

Requirements

• Hold a minimum of 10 years’ experience in quantitative risk management, model validation, or model audit within the banking and finance industry or consulting sectors
• Possess a Master’s or PhD in Mathematics, Financial Engineering, Physics, Statistics, Computing, Economics, or similar numerical disciplines
• Demonstrate mastery in stochastic calculus, Monte Carlo simulations, derivatives pricing, and market and credit risk models
• Proficiency in Python or C++ programming languages
• Thorough understanding of global regulatory standards on model governance and risk management frameworks
• Excellent communication and presentation skills, with ability to interact effectively at all levels within the organisation
• Have the right to work and be available to start on 27/08/2026 for a 2-week on-site engagement in Asia