Senior Associate / Associate, Model Validation, Risk Management Group

300005 Chief Executive's Office_00002555; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A major financial institution in Singapore is seeking a dedicated professional for a role focused on model validation and risk management. The successful candidate will evaluate models related to market, liquidity, and credit risk, requiring outstanding quantitative skills and knowledge of statistical software like Python or R. A competitive salary and benefits package is offered in a dynamic work environment that promotes professional growth.

Benefits

Competitive salary

Benefits package

Professional development opportunities

Qualifications

• Outstanding quantitative skills including knowledge of statistical software.
• Familiarity with statistical, pricing, and machine learning models.
• Above 3 years of relevant experience.

Responsibilities

• Critically assess the performance of various risk-related models.
• Contribute to the assessment of inputs and assumptions.
• Develop strong professional relationships within and across teams.

Skills

Quantitative skills

Statistical software (Python, R)

Teamwork

Communication skills

Job description

Job Description

Business Function

Risk Management Group (RMG) is responsible for the development and maintenance of risk management and internal control frameworks. We provide independent review and challenge to business to ensure that appropriate balance is considered in risk/return decisions. In addition, RMG is responsible for the monitoring and reporting on key risk issues of the Bank. To manage risk effectively and deliver strong financial performance, we invest significantly in our people and infrastructure.

The aim of the model validation team is to (1) limit the Bank’s exposure to model risk by regularly validating all relevant models as mandated; (2) provide in-depth analysis and comments for Senior Management and (3) meet regulatory expectations in this regard.

Responsibilities

• Under appropriate supervision,
• Critically assess the development and performance of market risk / liquidity risk / counterparty credit risk-related models built with econometric models, machine learning models, or stochastic pricing models.
• Contribute towards the assessment of inputs, assumptions and parameter estimates relating to the validation of the market risk / liquidity risk / counterparty credit risk-related models.
• Contribute towards developing strong professional relationship within and across validation teams as well with model developers.

Requirements

• Outstanding quantitative skills (including working knowledge of statistical software such as Python, R etc.
• Familiar with statistical models, pricing models and machine learning models
• Self-motivated and a desire to learn and develop professionally
• Contribute towards team building and maintaining team morale
• Reasonably good communication skills (both oral and written)
• Ability to work in a team and under pressure.
• Above 3 years relevant experience

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

Job

Analytics

Schedule

Regular

Employee Status

Full-time

Job Posting

Feb 7, 2025, 12:00:00 AM