Risk Management Specialist
4 weeks ago
As a key member of our team, you will play a crucial role in ensuring the accuracy and reliability of our financial models. Your primary responsibility will be to conduct thorough validation of our pricing models, ensuring they comply with regulatory requirements and internal mandates.
Key Responsibilities:- Validate pricing models for market risk, interest rate risk, and liquidity management, among others.
- Identify and communicate model-related issues that may impact risk management, compliance, and business objectives.
- Facilitate regular reviews of policy and operational guidance for qualitative and quantitative validations of various models.
- Assist in the implementation of model risk management policy for relevant model types.
- Conduct industry research to stay up-to-date with regulatory developments and experiment with new approaches to model validation and risk identification.
- Prepare reports and communicate with management, internal and external auditors, regulators, and other stakeholders.
- Bachelor's or Master's degree in Quantitative Finance, Mathematics, Statistics, Physics, Economics, or Engineering, or equivalent analytic disciplines.
- 1 year of relevant working experience preferred.
- Proven track record of effectively performing model development or validation activities in financial institutions, consultancy, or regulatory bodies.
- Sufficient knowledge of derivatives products and valuation models.
- Good understanding of Basel II/III regulatory framework for market risk, IRRBB, and liquidity management.
- Proficiency in tools like Bloomberg and programming languages such as Python, VBA.
- Self-motivated, willing to learn, detail-minded, and passionate about risk management excellence.
- Excellent communication and interpersonal skills.
- Fluency in both written and spoken English and Chinese.
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