WeLab Group - Manager, Group Risk Model Validation

About the role

WeLab Group is seeking a highly skilled Manager for Group Risk Model Validation to join our dynamic team in Quarry Bay, Hong Kong. This role will involve overseeing the validation of risk models across the organization, ensuring compliance with regulatory standards and internal policies. The successful candidate will play a crucial part in enhancing our risk management framework, contributing to the overall stability and success of the company. This position offers an to lead a team of professionals in a fast-paced fintech environment.

Key facts

What you'll do

• Lead the validation process for various risk models, including credit, market, and operational risk, ensuring they meet regulatory requirements and internal standards.
• Develop and implement validation methodologies and frameworks that align with industry best practices.
• Collaborate with cross-functional teams, including data science, risk management, and compliance, to gather necessary data and insights for model validation.
• Conduct thorough assessments of model performance, including back-testing and stress testing, to identify any weaknesses or areas for improvement.
• Prepare detailed validation reports that summarize findings, provide recommendations, and communicate results to senior management and stakeholders.
• Stay updated on regulatory changes and industry trends to ensure that validation practices remain compliant and relevant.
• Mentor and guide junior team members, fostering a culture of continuous learning and professional development within the team.
• Participate in the development of new models by providing insights and feedback during the design phase, ensuring that validation considerations are integrated from the outset.
• Support the risk management team in developing risk appetite frameworks and limit structures based on validated models.
• Facilitate training sessions for stakeholders on model validation processes and findings to enhance understanding and transparency.
• Engage with external auditors and regulators during reviews, providing necessary documentation and explanations regarding model validation activities.
• Contribute to the continuous improvement of the risk management framework by identifying opportunities for enhancing model governance and validation processes.

Requirements

• A bachelor's degree in finance, mathematics, statistics, or a related field; a master's degree or professional certification (e.g., CFA, FRM) is preferred.
• At least 5 years of experience in risk model validation or a related field within the financial services or fintech industry.
• Strong understanding of risk modeling techniques and methodologies, including statistical analysis and machine learning approaches.
• Proficiency in programming languages such as Python, R, or SAS, and experience with data analysis tools and software.
• Excellent analytical skills with the ability to interpret complex data and provide actionable insights.
• Strong communication skills, both written and verbal, with the ability to present findings clearly to diverse audiences.
• Proven leadership experience, with the ability to manage and develop a team effectively.
• Familiarity with regulatory requirements related to risk management, such as Basel III or local regulations.

Nice to have

• Experience in the fintech sector, particularly in areas related to digital banking or lending.
• Knowledge of advanced statistical techniques and machine learning algorithms for model development and validation.
• Previous experience working with external auditors or regulatory bodies.
• Multilingual capabilities, particularly in Cantonese or Mandarin, are a plus.

Skills & tools

• Proficient in risk modeling software and tools, including but not limited to MATLAB, Excel, and data visualization platforms.
• Strong understanding of database management systems and data warehousing concepts.
• Familiarity with cloud computing platforms and big data technologies is advantageous.
• Ability to work with large datasets and perform data cleansing and transformation tasks.

Practical notes

• This position is based in Quarry Bay, Hong Kong, and offers a competitive salary commensurate with experience.
• WeLab Group is committed to providing a supportive work environment that encourages professional growth and development.
• Applicants should be eligible to work in Hong Kong, and visa sponsorship may be available for the right candidate.
• Interested candidates are encouraged to apply through the WeLab career portal.

META

Company: Bamboohr

Title: WeLab Group

Manager, Group Risk Model Validation

Listed

location: HK, Quarry Bay

Job type: full_time