VP, Modeler, Portfolio Management Unit

uobgroup; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

United Overseas Bank (Malaysia) Bhd is seeking a skilled quantitative modeler to design and implement credit risk models, validate them, and work with risk, IT, and business teams in Kuala Lumpur.

The role requires advanced quantitative degrees and 3+ years of financial modeling experience, with Python or SAS proficiency and Basel III/IFRS 9 knowledge. Join a global bank with strong risk-management practices.

Qualifications

• Advanced degree in a quantitative field (Actuarial Science, Finance, Mathematics, Statistics, Economics or CS).
• Typically 3+ years in quantitative modeling within financial services or banking.
• Proficiency in Python or SAS for modeling tasks.
• Knowledge of Basel III and IFRS 9 related to credit risk.
• Experience with regression, time series, ML and stochastic processes.
• Strong analytical and communication skills.

Responsibilities

• Design, develop, and implement quantitative models for credit risk and related areas.
• Perform model validation, back-testing, stress testing, and scenario analysis.
• Document methodologies, assumptions, limitations, and validation results clearly.
• Collaborate with risk, business, and IT teams to integrate models into systems.
• Monitor model performance and recommend adjustments or enhancements.
• Stay updated on industry trends, regulatory changes, and modeling advances.
• Contribute to model governance frameworks and policies.
• Present complex model concepts to technical and non-technical stakeholders.

Skills

Python

SAS

Machine learning

Time series analysis

Regression analysis

Education

Degree's/Master's/PhD in a quantitative field such as Actuarial Science, Finance, Mathematics, Statistics, Economics, or Computer Science

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.