AVP, Credit Risk Modeler (Kuala Lumpur)

United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

United Overseas Bank (Malaysia) Bhd is seeking a Modeler to develop, validate and maintain financial models used in risk management, capital planning and analytics. The role demands strong analytical skills and a solid grasp of financial products and regulatory requirements.

The ideal candidate will have 2–5 years of experience in financial modeling within banking, and proficiency in Python, R, SAS or MATLAB.

Qualifications

• Bachelor's or Master's degree in a quantitative field.
• 2-5 years of experience in financial modeling, preferably in banking/finance.
• Proficiency in statistical modeling software/languages (Python, R, SAS, MATLAB).
• Strong understanding of financial products, risk management, Basel III/IFRS 9 desirable.

Responsibilities

• Develop and implement quantitative financial models (PD, LGD, EAD, market risk, operational risk, stress tests).
• Perform model validation activities ensuring soundness and regulatory compliance.
• Monitor and recalibrate models to maintain robustness and accuracy.
• Document development, validation and maintenance processes per internal standards.
• Collaborate with risk managers, business units, IT and internal audit to communicate results and limitations.
• Provide analytical support for capital planning, stress testing and strategic initiatives.
• Stay updated on industry practices and regulatory changes; contribute to modeling infra and data governance.

Skills

Statistical modeling

Analytical thinking

Communication skills

Education

Bachelor's or Master's degree in a quantitative field

Tools

Python

R

SAS

MATLAB

Job description

Company: 2201 United Overseas Bank (Malaysia) Bhd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

Job Summary

The Modeler will be responsible for developing, validating, and maintaining various financial models used for risk management, capital planning, and business analytics within United Overseas Bank (Malaysia) Bhd. This role requires strong analytical skills, a solid understanding of financial products, and proficiency in statistical modeling techniques.

Job Responsibilities

• Develop and implement quantitative financial models, including but not limited to credit risk models (PD, LGD, EAD), market risk models, operational risk models, and stress testing models, in accordance with regulatory requirements and internal policies.
• Perform model validation activities, including independent review of model assumptions, methodologies, data, and implementation, to ensure model soundness and fit for purpose.
• Conduct ongoing model performance monitoring and recalibration to ensure models remain robust and accurate over time.
• Document model development, validation, and maintenance processes comprehensively, adhering to internal standards and regulatory guidelines.
• Collaborate with various stakeholders, including risk managers, business units, IT, and internal audit, to understand modeling requirements and effectively communicate model results and limitations.
• Provide analytical support for capital planning, stress testing, and other strategic initiatives.
• Stay updated on industry best practices, regulatory changes, and emerging modeling techniques.
• Participate in the enhancement of modeling infrastructure and data governance frameworks.

Job Qualifications

• Bachelor's or Master's degree in a quantitative field such as Statistics, Mathematics, Financial Engineering, Economics, Actuarial Science, Computer Science, or a related discipline.
• Minimum of 2-5 years of experience in financial modeling within the banking or financial services industry, with a focus on risk models.
• Strong proficiency in statistical modeling software/languages (e.g., Python, R, SAS, MATLAB).
• Solid understanding of financial products, banking operations, and risk management principles.
• Familiarity with regulatory requirements such as Basel III, IFRS 9, and local regulatory guidelines is highly desirable.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to explain complex technical concepts to non-technical audiences.
• Ability to work independently and collaboratively in a fast-paced environment.
• Attention to detail and a commitment to producing high-quality work.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

United Overseas Bank ("UOB") was incorporated on 6 August 1935 as the United Chinese Bank. Founded by Datuk Wee Kheng Chiang, the Bank catered mainly to the Fujian community in its early years. The change of name was effected in 1965. Over the past 76 years, UOB has grown from strength to strength. Through a series of acquisitions, it is now a leading bank in Asia. Besides Far Eastern Bank in Singapore, UOB’s major banking subsidiaries in the region are United Overseas Bank (Malaysia), United Overseas Bank (Thai), PT Bank UOB Buana and United Overseas Bank (China). Today, the UOB Group has a network of over 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America.

UOB (Malaysia) offers an extensive range of commercial and personal financial services through its branches, subsidiaries and associate companies: commercial lending, investment banking, treasury services, trade services, cash management, home loans, credit cards, wealth management, general insurance and life assurance.

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