Model Risk Management Team Lead

East West Banking Corporation; Taguig; Hybrid; PHP 3,000,000 - 5,000,000; Full time

Benefits offered by this job

Career development

Competitive benefits

Incentives and recognition

Mentorship by industry experts

Defined career progression

Job summary

East West Banking Corporation is seeking an experienced Model Risk Management Team Lead in Taguig, with a hybrid work arrangement. The role focuses on enterprise-wide ownership of the bank's model risk framework, ensuring timely escalation and governance across quantitative and judgment-based models.

The candidate will align with BSP guidelines, Basel standards, ICAAP, stress testing, and risk appetite statements while embedding risk insights into strategic decisions.

Qualifications

• Bachelor’s degree in quantitative field required or equivalent.
• Master’s degree is an advantage for senior leadership.
• Experience in a regulated financial institution preferred.

Responsibilities

• Own and enhance policy and framework aligned with BSP Basel standards and ERM.
• Define governance standards for model lifecycle, materiality, risk classifications.
• Maintain centralized model inventory with ownership, purpose, lifecycle, risk tiering.
• Aggregate model info to identify concentrations and dependencies across ICAAP/stress tests.
• Translate findings into enterprise risk views for Senior Management and Board.
• Oversee validation governance and timely escalation per risk appetite.
• Prepare dashboards and reports for Senior Management and Board oversight.

Skills

Model Risk Management

Lifecycle governance

ICAAP & stress testing

Credit/ECL/IFRS9 models

Capital models oversight

Strong ownership & governance

Education

Bachelor's degree in Finance/ Economics/ Mathematics/ Statistics/ Engineering

Master's degree (advantage)

Job description

Job Description:

About The Job

Location: Taguig

Corporate Title: Assistant Vice President

Work Arrangement: Hybrid

Our Risk Management Department is looking for experienced professionals to join us in Taguig with the role of Model Risk Management Team Lead.

In this role you will provide enterprise-level ownership and governance of the Bank's Model Risk Management framework, ensuring risks from quantitative, statistical, and judgment-based models are identified, monitored, escalated, and integrated into enterprise risk governance. You will also embed model risk considerations into the Risk Appetite Statement, ICAAP, stress testing, recovery planning, and strategic decision-making while maintaining clear separation from independent validation execution.

Your dream. Our focus.

East West Banking Corporation (EastWest) is one of the largest universal banks in the Philippines, and is committed to continuously invest in people and in process, product, and service enhancements, and embrace new ideas to enhance the EastWest experience.

We empower our employees to drive their careers and are committed to provide the runway for them to grow. We value teamwork and individual initiative. Join us and be part of a highly engaged team, and a workplace that promotes development and goal attainment.

Whether you're just starting out, or already a seasoned professional, EastWest can help you unleash your potential, and bridge the gap between dream to success.

What The Role Will Entail

• Own and enhance policy and framework, ensuring alignment with BSP guidelines, Basel standards, and enterprise ERM, ICAAP, and Risk Appetite frameworks
• Define governance standards for model lifecycle, materiality, risk classification, escalation thresholds, and reporting
• Maintain centralized inventory with complete capture of models, clear ownership, defined purpose, lifecycle status, and risk tiering
• Aggregate model information to identify concentrations, dependencies, and overreliance across ICAAP, ECL, stress testing, pricing, and strategic models
• Translate findings into consolidated enterprise risk views for Senior Management and the Board
• Oversee validation governance by reviewing outcomes, identifying systemic issues, and ensuring timely escalation in line with risk appetite
• Prepare dashboards and reports for Senior Management, the Risk Management Committee, and Board-level oversight

What We're Looking For

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, or related quantitative discipline; Master's degree is an advantage
• At least 8 to 12 years of relevant experience in model risk management, quantitative risk oversight, capital management, or enterprise risk management within a regulated financial institution
• Technical knowledge of Model Risk Management frameworks, lifecycle governance, materiality and tiering, ICAAP and stress testing linkages, and oversight of credit, ECL/IFRS9, pricing, and capital models
• Strong ownership of enterprise outcomes with sound judgment and ability to provide credible challenge at senior levels
• Balance of rigor between technical expertise and practical governance discipline

What You Can Expect From Joining Our Team

• Career development and training opportunities
• Competitive salary package and benefits
• Performance-based incentives and recognition programs to reward high-performing individuals
• Opportunity to work with industry experts and be mentored by them
• Defined career progression paths to guide you in your professional growth