This job offer is not available in your country.
Model Risk management
TENTEN PARTNERS PTE. LTD.Singapore30+ days ago
Job descriptionBachelor’s / Advanced (Master or higher) Degree in Statistics, Applied Mathematics, Operations Research, Economics, Engineering or other quantitative discipline. Good understanding of retail banking / small business / consumer finance products and business lifecycle ( sales, underwriting, portfolio management, marketing, collection etc.). 9 years’ in-depth experience in hands-on Statistical Modelling and / or model validation preferably in the retail banking space. Proficient in statisticalputing tools and packages like SAS / R / SQL etc. Strong analytical skills and understanding of quantitative and statistical techniques. Experience in directly interacting with Business and exposure to international markets will be a plus. Good understanding of market risk measures, concepts and regulatory rules. Good knowledge of MAS regulatory guideline and regulatory reporting requirement ( MAS759, MAS760, MAS610 etc).
Responsibilities
- To establish and maintain a robust modelernance frameworks, policies, and procedures consistent with regulatory requirements and industry best practices. This includes documentation standards, model inventory management, and approval workflows.
- To lead the model development and validation of all models used across various business functions, including credit risk, market risk, liquidity risk, fraud detection, pricing, and customer segmentation.
- Conduct thorough assessments of model conceptual soundness, data quality, implementation accuracy, and performance via statistical testing.
- Provide guidance on model selection, development methodologies, and validation techniques.
- Develop and implement risk mitigation strategies, such as model recalibration, scenario analysis, stress testing, and model limitations disclosure.
Requirements :
EA Reg. No. : R1105334
EA Licence No. 16S7919
Job ID 40370