Manager, Model Risk Management MY

CIMB Bank Berhad; Malaysia; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading financial institution in Malaysia is seeking a candidate for model risk governance and policy development. The ideal applicant will have a bachelor's degree in finance or a related field and strong English proficiency. Responsibilities include supporting model risk assessment, preparing reports, and assisting in policy drafting. Experience in risk management is a plus. Competitive remuneration and growth opportunities provided.

Qualifications

• Bachelor’s degree in Finance, Economics, Risk Management, Statistics, Mathematics, or a related field.
• Strong English proficiency in writing and verbal communication.
• Experience in policy writing, governance, or regulatory compliance is an advantage.
• Proficient in Microsoft Office tools.
• Analytical mindset with strong problem-solving skills.

Responsibilities

• Act as the Secretariat for the Model Risk Management Working Group.
• Assist in drafting and updating Model Risk Management Policies.
• Support the assessment and monitoring of model risks.
• Prepare comprehensive model risk reports and dashboards.

Skills

Strong English proficiency

Organizational skills

Project management skills

Analytical mindset

Education

Bachelor’s degree in Finance or related field

Tools

Microsoft Office

Job description

Key Responsibilities

Model Risk Governance & Secretariat Duties

• Act as the Secretariat for the Model Risk Management Working Group (MRMWG), including preparing meeting materials, drafting minutes, and tracking action items.
• Prepare well-structured reports, meeting summaries, and governance documents with clarity and precision.
• Coordinate across departments to ensure model risk matters are escalated and addressed effectively.
• Maintain an organized repository of model inventory, validation reports, and governance documents.

Policy Development & Compliance

• Assist in drafting, reviewing, and updating Model Risk Management Policies and other related policies, ensuring they are clear, concise, and aligned with regulatory requirements.
• Collaborate with stakeholders to ensure policies are well-documented and effectively implemented across the organization.
• Support regulatory and internal audit reviews related to model risk management.

Model Risk Monitoring & Reporting

• Support the assessment and monitoring of model risks, including validation tracking and issue resolution.
• Assist in preparing comprehensive model risk reports, presentations, and dashboards for senior management and regulatory reporting.
• Ensure adherence to model risk governance frameworks, including model inventory management.

Required Qualifications & Skills

• Bachelor’s degree in Finance, Economics, Risk Management, Statistics, Mathematics, or a related field.
• Strong English proficiency (both written and verbal), with excellent writing skills for policy drafting, minutes writing, report preparation, and governance documentation.
• Experience in policy writing, governance, or regulatory compliance is an advantage.
• Strong organizational and project management skills with attention to detail.
• Proficiency in Microsoft Office (Word, Excel, PowerPoint) and ability to prepare structured reports and presentation slides.
• Basic understanding of model risk management principles and financial risk frameworks.
• Ability to work independently and manage multiple tasks in a dynamic environment.
• Analytical mindset with problem-solving skills.

Preferred (but not mandatory) Qualifications

• Experience in a risk management or compliance function.
• Familiarity with regulatory guidelines related to model risk (e.g., Basel, IFRS 9)
• Exposure to model validation, quantitative risk assessment, or programming languages (Python, R, SAS) is a plus.