Director, Independent Model Validation

Affin Bank Berhad; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking a Director of Independent Model Validation. This role involves ensuring the integrity of risk models through thorough validation processes. The ideal candidate will have at least 8 years of experience in banking, a degree in a quantitative field, and strong skills in SAS or SQL. Join a supportive environment dedicated to personal growth and innovation in financial services.

Qualifications

• Minimum of 8 years of experience in banking or financial services, preferably in model validation.
• Strong analytical and problem-solving skills are essential.
• Hands-on experience in SAS or SQL for data analysis.

Responsibilities

• Conduct independent validation of risk models, including analyses and documentation.
• Prepare thorough validation approaches and communicate results.
• Recommend improvements based on validation outcomes.

Skills

Analytical skills

Problem-solving skills

Effective communication

Education

Degree in Statistics, Mathematics, Actuarial Science or related field

Tools

SAS

SQL

R or Python

Job description

Director, Independent Model Validation page is loaded

Director, Independent Model Validation

Apply locations Menara Affin, TRX time type Full time posted on Posted Yesterday time left to apply End Date: September 5, 2025 (30+ days left to apply) job requisition id JR103064

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Job Purpose:
This role supports the Head of Model Validation in ensuring the integrity and robustness of risk models through independent validation processes. This includes both quantitative and qualitative assessment across a range of models to enhance our overall risk management framework.

Accountability:

1. Conduct independent pre- and post-implementation validation of risk models, including Retail/Non-Retail scorecards, PD, EAD and LGD and MFRS 9 models.
2. Perform comprehensive qualitative and quantitative assessments of model development processes and performance.
3. Prepare thorough documentation of validation approaches, findings, and analysis.
4. Recommend actionable improvements or enhancements based on validation outcomes.
5. Track the progress of corrective actions and provide regular updates.
6. Communicate validation results effectively to model development teams, senior management, and governance committees.
7. Address concerns from auditors and regulators regarding model compliance and performance.
8. Assist in reviewing and updating internal model validation policies to align with regulatory requirements ad industry best practices.

Requirements:

1. Minimum of 8 years of experience in banking or the financial services industry, preferably in model validation or model development.
2. Degree in Statistics, Mathematics, Actuarial Science, or a related quantitative field.
3. Strong analytical and problem-solving skills.
4. Hands-on experience in SAS or SQL for data analysis. Knowledge of R or Python is an added advantage.
5. Effective written and verbal communication skills.
6. Ability to manage multiple tasks and coordinate cross-functional stakeholders.
7. Familiarity with regulatory frameworks related to model validation (e.g., Basel Accords, MFRS 9) is highly desirable.

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