AVP/VP, Model Risk Management and Validation, Risk Management

The Role

AVP/VP, Model Risk Management and Validation, Risk Management

Key Accountabilities

• Assist in formulating, reviewing and improving model risk management/ model validation policy and procedure;
• Liaison with LOD1 on controls around model development, implementation, model use and ongoing monitoring;
• Responsible for model validation and testing, with coverage in risk models, valuation models, and algorithmic trading models;
• Coordinate with head office, risk control teams, finance and business units for risk modelling, including model update, maintenance, and workflow automation;
• Partner with IT/Business Operation on data quality, completeness, and logistics checking and rectification to ensure accurate model results and risk reporting;
• Monitor and analyze emerging trends in model risk management/valuation methodologies, regulatory developments, and industry best practices;
• Support regulatory engagement and external audit processes.

Skills & Experience

• Bachelors or Master's degree in financial engineering, quantitative risk management, or other STEM disciplines;
• Over 5 years of experience in risk management, valuation control, model validation, and quantitative analytics related business functions within a bank, consulting firm or other financial institutions;
• Excellent analytical, quantitative and problem-solving skills;
• Strong knowledge of derivatives pricing theory including both vanilla and exotic derivatives;

• Proficiency in Excel VBA and Python is essential; experience with C/C++, Java, or other programming languages is a plus;

• Excellent communication and writing skills in both Chinese (including Putonghua) and English;
• FRM (Financial Risk Manager) certification is preferred;
• Experiences with Algo Trading is advantageous.

Other Information

• Please apply in strict confidence with full resume, academic record, current and expected salaries;
• The personal data provided will be used for consideration of recruitment only. All personal data of unsuccessful candidate will be destroyed within 24 months;
• Candidates with Enhanced Competency Framework (ECF): please state on the CV.

About BOCI

As a leading investment bank in China and Hong Kong region, the investment banking arm of Bank of China, BOC International Holdings Limited (“BOCI”), is now seeking highly motivated, creative and success-oriented professional who would like to pursue the career in our group.