Model Risk & Validation Lead – Governance & Compliance

White Cloak Technologies, Inc.; Metro Manila; On-site; PHP 800,000 - 1,600,000; Full time

Job summary

White Cloak Technologies, Inc. is seeking a Model Risk & Validation Specialist to independently review risk models for reliability, fit for purpose, and BSP compliance. The role spans validation, monitoring, effective challenge, issues tracking, and governance across various models.

The candidate will assess methodology, data sources, performance, and limitations; review changes; and prepare validation reports and regulatory documentation. Strong analytical and documentation skills are essential.

Qualifications

• Bachelor's degree in statistics, mathematics, economics, data science, engineering, finance, risk management, computer science, or related quantitative field.
• At least 5 years of experience in model validation, model risk management, model monitoring, risk analytics, or related function.
• Strong analytical and critical-thinking skills.
• Strong technical documentation skills.

Responsibilities

• Conduct independent reviews of risk and non-AI/ML models prior to implementation.
• Assess model methodology, data sources, performance, limitations, and intended use.
• Review model changes including recalibration and redevelopment.
• Identify model risks and provide effective challenge and recommendations.
• Review monitoring results and assess performance metrics and back-testing results.
• Identify performance deterioration and emerging risks.
• Evaluate root-cause analyses and proposed remediation plans.
• Recommend actions including recalibration, enhancement, redevelopment, watchlisting, or retirement.
• Prepare model validation reports and monitoring assessments.
• Track findings, remediation plans, and closure of issues.
• Support model inventory, validation tracking, monitoring dashboards, and regulatory reporting.
• Support Model Risk Management Framework initiatives and BSP regulatory requirements.

Skills

Analytical thinking

Critical thinking

Technical writing

Education

Bachelor's degree in Statistics, Mathematics, Economics, Data Science, Engineering, Finance, Risk Management, Computer Science, or related quantitative field

Tools

SQL

Python

R

SAS

Job description

White Cloak Technologies, Inc. is seeking a Model Risk & Validation Specialist to independently review risk models for reliability, fit for purpose, and BSP compliance. The role spans validation, monitoring, effective challenge, issues tracking, and governance across various models.

The candidate will assess methodology, data sources, performance, and limitations; review changes; and prepare validation reports and regulatory documentation. Strong analytical and documentation skills are essential.