Risk Management Specialist

7 days ago


Hong Kong, Central and Western District, Hong Kong SAR China Bank Of China (Hong Kong) Limited Full time
Job Title: Assistant / Deputy Risk Manager (Market Risk / Pricing Model Validation)

We are seeking a highly skilled and experienced professional to join our team as Assistant / Deputy Risk Manager (Market Risk / Pricing Model Validation) at Bank Of China (Hong Kong) Limited.

Key Responsibilities:
  • Model Validation: Conduct thorough validation of market risk and pricing models to ensure compliance with regulatory requirements and internal mandates.
  • Risk Identification: Identify potential model-related risks and communicate results to stakeholders to minimize inherent model risk.
  • Policy Review: Facilitate regular review of policy and operational guidance for qualitative and quantitative validations of various models.
  • Model Risk Management: Assist in implementing model risk management policy for relevant model types and contribute to the bank-wide model risk report.
  • Industry Research: Conduct industry research to experiment with different ideas and approaches to facilitate model validation and risk identification.
  • Reporting and Communication: Prepare reports and assist team communication with management, internal and external auditors, the board, regulators, and other stakeholders.
Requirements:
  • Education: Bachelor's degree or above in Quantitative Finance, Mathematics, Statistics, Physics, Economics, or Engineering, or equivalent analytic disciplines.
  • Experience: 1 year of relevant working experience preferred, with a proven track record of effectively performing model development or validation activities.
  • Skills: Sufficient knowledge of derivatives products and valuation models, good understanding of Basel II/III regulatory framework for market risk/IRRBB/liquidity management, proficiency in tools like Bloomberg and programming languages such as Python, VBA.
  • Personal Qualities: Self-motivated, willing to learn, detail-minded, and passionate about risk management excellence, with excellent communication and interpersonal skills.
  • Language: Excellent written and spoken English and Chinese.


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