Risk Management Specialist

2 months ago


Hong Kong, Central and Western District, Hong Kong SAR China Bank Of China (Hong Kong) Limited Full time
Risk Manager Job Description

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.
Requirements:
  • 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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