Risk Modeling & Data Science Specialist

RHB Bank; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A prominent banking group is seeking a highly motivated Risk Modeling & Data Science Specialist to support the development and maintenance of advanced risk models, ensuring compliance with Basel and MFRS. The ideal candidate will have strong expertise in risk modeling, compliance, and stakeholder engagement, contributing to high-quality risk insights and data-driven solutions in Kuala Lumpur. Competitive remuneration and professional development opportunities are offered.

Benefits

Competitive remuneration

Comprehensive benefits

Professional development opportunities

Flexible work arrangements

Qualifications

• Strong expertise in risk modeling and data science.
• Proficient in regulatory compliance related to Basel and MFRS.
• Experience with User Acceptance Testing (UAT).

Responsibilities

• Support Head of Corporate Risk Modeling & Data Science.
• Develop and maintain credit risk models.
• Prepare regulatory submission documentation.
• Conduct model performance monitoring and reporting.
• Engage with stakeholders for insights and model implementation.

Skills

Risk modeling

Data analysis

Behavioral modeling

Stakeholder engagement

Education

Relevant degree in finance, mathematics, or related field

Job description

Overview

We are seeking a highly motivated Risk Modeling & Data Science Specialist to join our Corporate Risk Modeling & Data Science team at RHB Banking Group. In this role, you will support the Head of the department in the development and maintenance of advanced risk models, ensuring compliance with Basel and MFRS requirements. You will also contribute to behavioral modeling, regulatory submissions, and model performance monitoring, working closely with stakeholders to deliver high-quality risk insights and data-driven solutions.

Responsibilities

• Support Head, Corporate Risk Modeling & Data Science in relation to the respective area's risk modeling activities.
• Technical Expertise: Assist to develop and maintain industry leading credit risk models in accordance to Basel and MFRS requirements.
• Assist to develop Asset Liability Management (ALM) behavioral model to identify the behavior of deposits and loans for application in Interest Rate Risk in the Banking Book (IRRBB)/Rate of Return Risk in the Banking Book (RORBB).
• Assist in preparing clear and thorough model development documentation for regulatory submission and approval.
• Assist in preparing model performance monitoring report for timely reporting to the management committee, the monitoring report served to provide insights to ensure correct use of model and enable critical decision making related to model recalibration or refinement.
• Prepare test scripts, test cases and perform User Acceptance Testing to ensure the model is implemented as per expected.
• Socialize with stakeholders including internal and business experts to gather business insight in the respective area of model development and data analytics, as well as to ensure the model is implemented as per expected.

What we offer

At RHB Banking Group, we are committed to fostering a collaborative and inclusive work environment that empowers our employees to reach their full potential. We offer competitive remuneration, comprehensive benefits, and ample opportunities for professional development and career growth. Our wellness initiatives and flexible work arrangements also support a healthy work-life balance. If you're ready to be a part of our transformative journey, we encourage you to apply now.