Head of Model Risk, Governance & Portfolio Management
at GXS Bank
Singapore, Southeast, Singapore -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 28 Aug, 2024 | Not Specified | 29 May, 2024 | 10 year(s) or above | Assessment,Models,Technology,Mitigation,Artificial Intelligence,Statistics,Model Development,Risk Models,Liquidity,Validation,Operational Risk,Economics | No | No |
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Description:
Job requirements:
- 12-15 years of work experience with a Bachelor’s degree or 10-12 years of experience with Advanced degree (e.g. Masters in Economics or Statistics)
- Advanced knowledge of traditional risk management and its relationship within a matrixed environment
- Good understanding of technology and retail products in the digital banking space. Familiar with modern and emerging technology techniques and an interest to stay abreast of industry developments (e.g. DevOps, Cloud, APIs, service-oriented architectures etc).
- Experience in implementing the three lines of defense concepts and its application related to model development, validation and governance
- Experience with risk identification, assessment, and mitigation of material risk
- Experience in deploying risk models and the governance process
- Modelling experience of developing different types of models (e.g. risk models, Operational risk, Liquidity, others)
- Ability to translate observations of global trends in model governance into streamlined processes
- Good understanding of the local economy and global economic trends
- Experience using Artificial intelligence and machine learning models.
- Possess strong influencing, communication and presentation skills.
- Confident, Able to work independently and possess the courage to challenge model development teams, risk-decisions made by senior stakeholders; if deemed inappropriate
Responsibilities:
Job Responsibilities:
- The role is responsible for the management of the model governance program to ensure appropriate internal control, review, maintenance, reporting and handling of models.
- This includes development of standard processes, templates and training for model management and model governance.
- Conduct any independent or thematic review as required.
- Partner with product teams (developing the products that use the models) and data science to coordinate model governance activities across the bank.
- Develop and maintain policies related to model management and governance in line with the regulatory requirements.
- Maintain centralized model inventory for the bank
- Define roles and responsibilities for model governance, maintain inventory of critical roles and model risk ownership
- Define and monitor key activities related to model validation and monitoring
- Support efforts led by product to coordinate model governance efforts
- Define the standards and the delivery of model independent validation and testing
- Manage the model governance projects to define scope and develop plans that drive deliverables completion
- Partner closely with leaders to align goals and operational metrics in support of the bank’s strategic planning and review process.
- Keep abreast of the regulatory landscape in Singapore particularly on economic outcomes, global economic impacts and regulatory changes related to financial institutions.
- Participate in Model governance/Risk Management working group and committee forums
- Develop metrics and reporting dashboards for leadership
- Collaborate with cross functional groups to execute upon the deliverables and serve as a thought leader on critical initiatives related to model development and risk management
- Supporting role in managing the retail portfolios and identifying ‘early warning’ triggers
- Coordinating the policy changes based on the ‘early warning’ triggers and monitoring the same
- Conduct training activities to promote the understanding of model risk requirements, working mechanics and risk/ control awareness.
Job requirements:
- 12-15 years of work experience with a Bachelor’s degree or 10-12 years of experience with Advanced degree (e.g. Masters in Economics or Statistics)
- Advanced knowledge of traditional risk management and its relationship within a matrixed environment
- Good understanding of technology and retail products in the digital banking space. Familiar with modern and emerging technology techniques and an interest to stay abreast of industry developments (e.g. DevOps, Cloud, APIs, service-oriented architectures etc).
- Experience in implementing the three lines of defense concepts and its application related to model development, validation and governance
- Experience with risk identification, assessment, and mitigation of material risk
- Experience in deploying risk models and the governance process
- Modelling experience of developing different types of models (e.g. risk models, Operational risk, Liquidity, others)
- Ability to translate observations of global trends in model governance into streamlined processes
- Good understanding of the local economy and global economic trends
- Experience using Artificial intelligence and machine learning models.
- Possess strong influencing, communication and presentation skills.
- Confident, Able to work independently and possess the courage to challenge model development teams, risk-decisions made by senior stakeholders; if deemed inappropriate.
Job ID R-2023-06-100778
REQUIREMENT SUMMARY
Min:10.0Max:15.0 year(s)
Financial Services
Accounts / Finance / Tax / CS / Audit
Finance
Graduate
Proficient
1
Singapore, Singapore