MODEL VALIDATION ANALYST

MODEL VALIDATION ANALYST

Allegis Global Solutions Singapore Pte Ltd
Kuala Lumpur Selangor
4-10 years
Not Specified

Job Description

Seeking an Analyst to join the Group Model Validation department. The Group Model Validation department handles the assessment of models servicing a wide range of activities across the Bank, including credit risk, market risk, economic capital, stress testing and other financial & statistical models.
This role is for the position of Analyst within the Retail Model Validation team. The successful candidate will contribute to the department’s assessment of statistical models and quantitative rules that enable the bank to manage credit risk and financial crime risk, as well as and other models used in the retail banking business. The role is Singapore based with Global / SCB group wide responsibilities.
Key Roles & Responsibilities
You will work on a variety of models covering many all aspects of the model life cycle. These include data management, methodology, programming, quantitative assessment, governance and compliance to standards. The successful candidate will exhibit a pro-active business engagement strategy, contributing to the development and maintenance of a robust model risk measurement and reporting system. Key aspects of the role include:
• Independent evaluation of new and existing risk models including IRB/IFRS9/Scorecards and FCC models.
• Assessment of changes to existing models and related risk data and infrastructure.
• Assist with the delivery of the validation plan, ensuring timely identification of issues and projects are completed to the required standard.
• Qualitative review of model development process including underlying assumptions & theoretical basis.
• Quantitative assessment of model performance via data evaluation and statistical testing.
• Coordination with internal stakeholders on model issues, achieving suitable resolutions.
• Documentation of findings and communication of results / justifications to senior management
Qualifications & Skills
Essential:
• Graduate level qualifications in statistics, banking, finance, econometrics, mathematics or related quant field.
• Experience in risk analytics, developing or validating statistical models across banking products and customer groups or for financial crime compliance.
• Proficient in statistical and data analysis of large datasets using data management software including SAS and Excel.
• Knowledge of banking data and IT infrastructure, including data management and data quality control
• Strong focus on quality control and attention to detail.
• Curious, with ability & experience of speaking up and challenging perceived wisdom.
Desired:
• Post graduate qualifications in statistics, banking, finance, econometrics, mathematics or related quant field (MSc, PhD).
• Excellent understanding of a retail business and products (mortgages, credit cards, personal loans).
• Understanding of the regulatory environment related to financial crime and credit risk modelling and experience in dealing with regulators on complex technical issues will be highly regarded.
• Exposure to developing and automating risk MIS / model performance monitoring.
• Advanced VBA or other programming skills.
• Effective presentation and business engagement skills at senior executive level.
• Ability to understand and interpret regulatory requirements and explain such interpretation to stakeholders and senior management.

Allegis Global Solutions is the exclusive Contingent HR services provider for one of the world’s leading banks.
At Allegis Global Solutions we’re proud to be the leader in global talent solutions. We draw upon decades of industry expertise to develop innovative tools, products, processes and strategies focused on outcome. Moreover, we’re incredibly proud to have built a culture that empowers our people to make their mark while making deep connections that will last a lifetime. With our passion and culture for talent, we are truly transforming the way the World acquires talent.

Our Client is one of the world's most international banks with over 1,100 branches, offices and outlets in 67 countries. They operate in some of the world's most dynamic markets and have been for over 150 years. More than 90 per cent of their income and profits are derived from Asia, Africa and the Middle East. Their brand promise, Here for good, underlines their distinctive approach.

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