The Role

Model Risk Governance & Strategy

• Drive the development, implementation, and continuous enhancement of the Model Risk Management framework across the organization.
• Establish and maintain model governance policies, ensuring clear separation between model development and independent validation functions.

Model Validation & Technical Assessment

• Oversee the full lifecycle of independent model validation, focusing on key models such as Market Risk (VaR/ES) and SIMM.
• Conduct in-depth model reviews, including theoretical validation, benchmarking, replication, and performance analysis.

Regulatory Compliance & Advisory

• Act as the subject matter expert for model risk in regulatory interactions, keeping abreast of SFC, HKMA, and global regulatory developments (e.g. FRTB, IBOR transition).
• Ensure all regulatory capital and risk models comply with SFC Financial Resources Rules and relevant standards.

Risk Monitoring & Analytics

• Develop and implement quantitative tools to monitor model performance, ensuring robustness in calibration, stability, and predictive accuracy.
• Maintain a comprehensive model inventory and risk rating framework to prioritize validation efforts.

New Product Approval & Business Support

• Provide governance oversight in the New Product Approval process, ensuring all pricing and risk models are validated before product launch.
• Evaluate model risks associated with new systems, infrastructure, and product developments.

Reporting & Stakeholder Management

• Prepare and present model risk reports to senior management, highlighting key risks, validation outcomes, and remediation progress.
• Collaborate with stakeholders to drive timely resolution of model-related issues and enhance overall risk control.

Your Profile

• Advanced degree (MSc or PhD) in Quantitative Finance, Mathematics, Physics, or a related discipline.
• Minimum 8 years of relevant experience in model risk, quantitative analytics, or risk management within investment banks or SFC-licensed firms (5+ years may be considered for VP level).
• Strong knowledge of OTC derivatives (Equities, Rates, FX, Credit) and their pricing and risk methodologies.
• Solid understanding of Hong Kong regulatory frameworks (SFC, SFO, FRR).
• Proven experience in model development or validation (e.g. pricing models, VaR, SIMM, FRTB).
• Proficiency in programming languages such as Python, C++, VBA, or SQL.
• Strong communication skills, with fluency in both English and Mandarin.

Apply Today

To apply online (Word attachment only), please click the 'Apply' button. Please note that only short-listed candidates will be contacted.

Reference No. 67010-0013462244

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