Model Validation Officer

UnionBank of the Philippines; Pasig; On-site; PHP 600,000 - 800,000; Full time

Job summary

UnionBank of the Philippines is seeking a Model Validation Officer to assess, validate, and ensure the accuracy of mathematical and statistical models. This role is vital for maintaining effective risk management and decision-making processes across the organization. The ideal candidate will have a Bachelor's degree in a quantitative field, alongside strong analytical, statistical, and programming skills. Teamwork and communication are crucial for successful performance in this position located at UB Plaza, Pasig in Metro Manila.

Responsibilities

• Ensure validation of models according to rules set forth by the bank and the BSP.
• Conduct validation of bank models for accuracy.
• Prepare detailed validation reports summarizing findings and recommendations.
• Ensure timely validation of assigned models.
• Align with team timelines for output.

Skills

Strong analytical, statistical, and technical skills

Proficiency in programming languages (e.g., Python, R, SQL)

Effective communication and collaboration skills

Critical thinking

Accountability

Adaptability

Teamwork

Willingness to learn

Education

Bachelor's degree in a quantitative field

Job description

Overview

Group Company: Union Bank of the Philippines

Designation: Model Validation Officer (UBP_J002957)

Office Location: UB Plaza

Position description: The Model Validator's primary responsibility is to assess, validate, and ensure the accuracy and compliance of mathematical and statistical models used across the organization. It plays a key role in maintaining the bank's risk management and decision-making processes by reviewing and assessing the reliability of these models.

Responsibilities

• To align with the team's work plan and ensure that the validation of models is performed according to the rules set forth by the bank and the BSP.
• To conduct validation of bank models (ensuring that models are managed effectively so that they remain accurate).
• Prepare detailed validation reports summarizing findings, documenting validation procedures, and providing recommendations for model improvements.
• To ensure satisfactory and timely validation of models assigned to him/her.
• To align with team timelines and to ensure timely and satisfactory output.

Educational Qualifications

• Bachelor's degree in a quantitative field (mathematics, statistics, finance, economics, computer science, etc.).

Required Certifications and Training

Note: No specific certifications or trainings were listed in the original description.

Experience

• Role: (information not specified in detail in the original description).

Key Performance Indicators

Included in the original text as competencies and responsibilities; see below for related requirements.

Required Competencies

• Strong analytical, statistical, and technical skills.
• Proficiency in programming languages (e.g., Python, R, SQL).
• Knowledge of machine learning, statistics, and modeling techniques.
• Familiarity with regulatory requirements and industry standards is preferred.
• Effective communication and collaboration skills.

Required Skills

• Strong analytical, statistical, and technical skills.
• Accountability
• Adaptability
• Analytical
• Good Communication Skills
• Critical thinking
• Teamwork
• Willingness to learn