RISK MODELS VALIDATION OFFICER

The Model Validation Officer is primarily responsible in the execution and implementation of the risk management function and provide reasonable assurance and independent review of the use of existing as well as proposed risk models. The position augments the increasing use of more advanced quantitative models in the financial industry. Model risk has been identified as an emerging risk in recent years, and the use of models have received greater attention from industry, regulators, senior management, and the board. The position will support the Model Validation Section Head in ensuring the overall risk strategies and objectives of the Risk Management Office as directed by the Department Head, Division Head, Chief Risk Officer (CRO) and the Board through the Risk Management Committee (RMCom).

Duties And Responsibilities

• Risk Identification - Aims to identify possible sources of risks, inherent and/or emerging, which could possibly e...