VP, Modeler, Portfolio Management Unit

2201 United Overseas Bank (Malaysia) Bhd; Kuala Lumpur; On-site; MYR 180,000 - 280,000; Full time

Job summary

2201 United Overseas Bank (Malaysia) Bhd is seeking a skilled quantitative modeller in Kuala Lumpur to design and implement credit risk models in line with Basel III and IFRS 9. You will validate models, document methodologies, and collaborate with risk, IT, and business teams to embed models into operations.

The role requires 3+ years in financial services modeling, proficiency in Python or SAS, and strong analytical and communication skills.

Qualifications

• Degree in a quantitative field (Actuarial Science, Finance, Mathematics, Statistics, Business Admin, Economics, or Computer Science).
• 3+ years of quantitative modeling experience in financial services, preferably banking.
• Proficiency in Python or SAS.
• Solid understanding of Basel III, IFRS 9.
• Experience with regression, time series, ML, and stochastic processes.
• Excellent analytical, communication, and problem-solving skills.

Responsibilities

• Design, develop, and implement quantitative models for credit risk and related areas, aligning with regulatory standards.
• Perform model validation including back-testing, stress testing, sensitivity analysis, and scenario analysis.
• Document model methodologies, assumptions, limitations, and validation results clearly.
• Collaborate with risk management, IT, and business units to integrate models into systems and processes.
• Monitor model performance and suggest adjustments or enhancements.
• Stay updated on regulatory changes and modeling techniques.
• Contribute to model governance frameworks and policy development.
• Present complex model concepts to technical and non-technical stakeholders.

Skills

Analytical skills

Problem solving

Communication skills

Attention to detail

Independent work

Team collaboration

Education

Bachelor's/Master's/PhD in quantitative field

Tools

Python

SAS

Job description

Company: 2201 United Overseas Bank (Malaysia) Bhd

About UOB United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

• Design, develop, and implement quantitative models for credit risk and other relevant areas, adhering to regulatory standards and best practices.
• Perform thorough model validation, including back-testing, stress testing, sensitivity analysis, and scenario analysis, to assess model performance and robustness.
• Document model methodologies, assumptions, limitations, and validation results clearly and comprehensively.
• Collaborate with business units, risk management, and IT teams to understand modeling requirements and integrate models into existing systems and processes.
• Monitor model performance, identify potential issues, and recommend necessary adjustments or enhancements.
• Stay abreast of industry trends, regulatory changes, and advancements in quantitative modeling techniques.
• Contribute to the development and enhancement of model governance frameworks and policies.
• Present complex model concepts and results to both technical and non-technical stakeholders.

Job Qualifications

• Degree's, Master's or Ph.D. in a quantitative field such as Actuarial Science, Finance, Mathematics, Statistics, Business Admin, Economics, or Computer Science.
• Proven experience (typically 3+ years) in quantitative modeling within the financial services industry, preferably in a banking environment.
• Proficiency in programming languages such as Python, or SAS.
• Solid understanding of financial products, risk management concepts, and relevant regulatory requirements (e.g., Basel III, IFRS 9).
• Experience with various modeling techniques, including regression analysis, time series analysis, machine learning algorithms, and stochastic processes.
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex technical concepts effectively to diverse audiences, both verbally and in writing.
• Strong attention to detail and a commitment to accuracy.
• Ability to work independently and as part of a collaborative team.

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.

UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region.

Career Site: UOB Career site