Senior Model Risk Manager - Governance & Validation

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

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