Vice President - Counterparty Credit Risk - Global Risk Analytics - Financial Services

Principal Accountabilities: Key activities and decision making areas : 

- Lead the Traded Risk Model Validation function in GAC and drive the execution of the model validation strategy and operating model, including periodic model validations, model usage and effectiveness monitoring, and compliance assessments for all Traded Risk models in scope of Global Risk Analytics

- Improve understanding of model risk and enable robust risk management by global businesses taking into account model performance

- Manage the GAC Model Validation team to achieve the global objectives of Model Validation in (includes resource allocation, manage work pipeline and update management on progress)

- Accountable to the Lead of Model Validation, GAC Global Risk Analytics

- Maintain strong working relationships with stakeholders across Group and regions

- Responsible for regulatory requirements on model maintenance, monitoring and validation for global and regional models within Global Risk Analytics

- Participate in the Model Performance Review Forums and support smooth functioning of overall model governance

- Liaise with Independent Model Review to address recommendations on model performance reports

- Drive process efficiency initiatives to streamline processes, reduce complexity and rationalize activities

Customers / Stakeholders

- The Lead will engage with the senior executives within the risk function (WCMR) and businesses (GB, CMB, GPB) to ensure their understanding of models, risk rating system and their performance

- Principal point of contact for stakeholders in model risk governance (Independent Model Review, Model Risk Audit) and Finance on Wholesale Credit, Operational risk and Financial Crime risk model validation

- Key contact in engagement with lead (PRA) and regional regulators (HKMA, FRB, OCC, OSFI, etc.) on model validations

Leadership & Teamwork : 

- Build Centre of Excellence by developing a team of capable resources to own the responsibility of model performance evaluation and work in coordination between Offshore and Onshore Global Risk Analytics Teams to share best practices and achieve goals together

- Promote collaboration with Group and Regional teams to achieve business objectives

- Manage a team to ensure delivery and adherence to model validation policy for models under remit

- Build Centre of Excellence in order to create a robust onshore - offshore working model

- Motivate and keep the team engaged ensuring maximum productivity in order to achieve business objectives

Qualifications : 

Masters degree in any of the following quantitative fields:-

- Statistics / Mathematics / Economics

- Engineering

- Business Administration (Management)

Experience : 

- More than 12 years of professional experience in financial services

- Significant experience in Traded Credit and Market Risk domain

- Understanding of regulatory implications and relevance in model risk management

- Significant experience in in managing projects and teams, both direct and matrix

- Proven experience in managing stakeholders from multiple regions and supporting geographies across time zones