Risk Management Specialist
2 months ago
At Bank Of China (Hong Kong) Limited, we are seeking a highly skilled Risk Manager to join our team. As a Risk Manager, you will play a critical role in ensuring the effective management of risk across our organization.
Key Responsibilities:- Model Validation: Conduct thorough validation of various models, including valuation models, risk models, and stress testing models, to ensure they meet regulatory requirements and are aligned with business objectives.
- Risk Identification: Identify potential risks associated with model use and communicate results to relevant stakeholders, ensuring effective mitigation and minimization of inherent model risk.
- Validation Process Management: Assist senior management in planning, executing, and monitoring the validation process, ensuring quality deliverables and effective liaison with internal and external parties.
- Policy Development: Establish, review, and revise policy and operational guidance for qualitative and quantitative validations of various models, ensuring alignment with regulatory requirements and best industry practices.
- Model Risk Management: Manage the implementation of model risk management policy for relevant model types, including model life-cycle management and contribution to the bank-wide model risk report.
- Research and Development: Conduct research to experiment with different ideas and approaches to facilitate model validation and risk identification, staying up-to-date with regulatory direction and best industry practices.
- Reporting and Communication: Prepare reports and assist team communication with management, internal and external auditors, the board, regulators, and other stakeholders.
- Education: Master's degree or above in Quantitative Finance, Mathematics, Statistics, Physics, Economics, or Engineering (MSc, PhD) or equivalent analytic disciplines.
- Experience: At least 3-year proven track record of effectively performing model development or validation-related activities in financial institutions, consultancy, or regulatory bodies, preferably in areas such as derivatives pricing/valuation, market risk management, interest rate risk management, liquidity risk management, and etc.
- Technical Skills: Proficiency in technical tools such as VBA, Python, SAS.
- Personal Qualities: Self-motivated, willing to learn, detail-minded, and passionate for risk management excellence. A team player with effective communication and interpersonal skills is a must.
- Language Skills: Excellent in both written and spoken English and Chinese.
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