Senior Vice President, Model Risk Validation

ExecThread; Kuala Lumpur; On-site; MYR 250,000 - 300,000; Full time

Job summary

A global financial services firm is seeking an SVP for Model Risk Validation to join their team in Kuala Lumpur. This leadership role involves developing and implementing the Model Risk Policy, ensuring model accuracy, and supporting model reviews for various financial purposes. The ideal candidate will have over 10 years of experience in Actuarial or Model Risk Management, with strong stakeholder management skills. Competitive compensation and leadership training opportunities are offered.

Benefits

Competitive compensation package

Performance-based bonus structure

Consistent career development

Leadership training support

Qualifications

• Minimum of 10 years' experience in Actuarial, Model Risk Management, or Consulting within financial services.
• Experience in Model Validation and Development preferred.
• Strong understanding of regulatory requirements.

Responsibilities

• Develop and implement the Model Risk Policy.
• Provide independent assurance on the accuracy of key models.
• Support review and validation of models for valuation and pricing.

Skills

Stakeholder management

Model Validation

Model Development

Regulatory understanding

Job description

The Company is seeking an SVP for Model Risk Validation to join their global team. The successful candidate will be part of the Model Validation team, which is tasked with developing and implementing the Model Risk Policy and providing independent assurance on the accuracy and appropriateness of key models. This includes the validation of the internal capital model to meet Group requirements and contributing to the development and maintenance of the Group-wide Model Risk and UDA Policy.

The role also involves supporting the review and validation of models and applications used for various purposes, such as valuation and new business pricing. Applicants must have a minimum of 10 years' experience in Actuarial, Model Risk Management, or Consulting within the financial services sector. Experience in Model Validation and Model Development is preferred, as is a strong understanding of regulatory requirements and knowledge of financial and non-financial risk.

The role requires a strong team player with excellent stakeholder management skills. The company offers a competitive compensation package, including a performance-based bonus structure, and is committed to providing consistent career development and excellent support for leadership training.

Functions:

• Finance