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Regional Modeling Manager, Risk Management - Vice President

Job Req ID 22568170 Location(s) Singapore, Singapore; Kowloon, Hong Kong SAR Job Category Risk Management
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  • Responsible for Consumer Retail Credit Loss Forecasting Models Oversight and Governance in Asia and European countries.  
    • With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance assessment;
    • Participate in model development calls between sponsor and modeler, exercise effective challenge for assumptions, risk drivers, methodologies and results to ensure models satisfy the functional requirements;
    • Provide guidance and technical advice to countries on model related methodological issues and strategic use to achieve the business control and profitability goals.

  • Capable of presenting complex modeling concepts to non-technical audiences.

  • Ensure respective countries have appropriate Champion/Challenger/Benchmark loss forecasting models / methodologies in place.  Work with multiple stakeholders (e.g. countries, modelers, credit risk oversight seniors) to ensure annual model development / enhancement plan to address model issues identified.

  • Coordinating, and reviewing before submission to Model Risk Management (MRM), all model documentations including Validation, Re-validation, Annual Model Review, Ongoing Performance Assessment, overlay documentation, closure of model limitations. Tracking all work and approval status with MRM and countries.

  • Ensure all models inputs (e.g. macroeconomic forecasts) are provided in a timely manner to facilitate periodic model run as per regulatory timeline. Coordinating with Global Model Production Team to schedule periodic model run and obtain model results to support countries CCAR/CECL/ICAAP Credit Loss Forecasting submission.

  • Participate in logistics and model usage support to Global on CCAR/CECL/ Annual Loss Forecasting submission.  Achieve effective challenge to model run results to fulfill the regulatory stress testing and business credit planning objectives.

  • Effectively support setting up of standards, designing workflows, ensuring control and compliance of regulatory submission, such as CCAR, ICAAP, CECL, IFRS9, etc. 

  • Perform model governance self-assessment, identify exceptions / findings to communicate to Senior Manager, and set up corrective action plan (CAP) as appropriate. Coordinate with multiple stakeholders to ensure timely CAP resolution.

  • Review current and changes in model and CCAR/CECL policies on possible recommendations to revisions, conduct gap analysis, implement the changes and ensure compliance at all levels.

  • Preparing/reviewing meeting minutes of model development discussions, model results review, policy-related calls, for audit trail purposes.

QUALIFICATIONS

  • University degree in Economics or Statistics
  • At least 5-6 years (Manager) / 3-4 years (Analyst) scoring / risk segmentation / loss forecasting model management, model oversight role with solid consumer risk management experience for all consumer loan products
  • Good leadership and people management skills
  • Strong common sense and judgment in applying the policies and procedures to specific situations
  • Ability to work effectively under pressure
  • Solid work experience in handling analysis and presentation of complex financing portfolios
  • Strong in process management and control concepts
  • Proactive and problem solving
  • Disciplined, self-motivated, independent, mature and willing to work overtime as occasional evening conference calls with Global Office and other Asia and European countries are expected.
  • Good verbal, written and interpersonal communication skills in liaising with global model development team and country risk teams at all levels.
  • Strong computer skills particularly in Excel/PowerPoint/SAS/Answer Tree, etc. and prepare presentation decks
  • Occasional travel across the region may be required

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Job Family Group:

Risk Management

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Job Family:

Risk Analytics, Modeling, and Validation

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Time Type:

Full time

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