VP/Director - Model Validation - Investment Bank

Leading I-Bank hiring for VP / Director - Model Validation - Singapore

Job Title : VP / Director - Model Validation

Location : Singapore

Desired Profile :

- Candidates with Hands-on experience of risk and capital modelling, derivatives pricing / structuring and broader financial modeling is desirable.

- Candidates for the role in the MRM team are expected to hold a first degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD.

- Experience of managing/leading teams, ideally in the context of model validation and/or financial modeling.

Job Description :

- Be expected to lead and manage independent validation reviews across a wide range of core Risk Capital or other business-impactful models used throughout the bank.

- Meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review: choice of modeling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.

- Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

- The truly global scope of model risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, investigating model risk and model governance standards and performing detailed validation of risk models.