VP, Quantitative Risk Modeling & Validation

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

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.