Unisongroup·3 days ago
3 days ago
Model Risk Management / Model Validation Specialist
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What you'll do
- Work within the Model Risk Management (MRM) framework covering pre-trade and post-trade model risk activities.
- Perform independent validation and assessment of financial and investment risk models.
- Validate models used for investment, financial modelling, pricing, risk measurement and trading activities.
- Review model methodology, assumptions, data, limitations, performance and implementation.
- Conduct model development, evaluation and validation activities, including back-testing, stress testing and sensitivity analysis.
- Assess model performance across pre-trade and post-trade workflows and identify model weaknesses or limitations.
- Prepare detailed Model Validation Reports, findings, recommendations and remediation requirements.
- Partner with Model Developers, Quantitative Analysts, Risk, Trading and Business teams to resolve model risk issues.
- Ensure models comply with established Model Risk Management policies, governance standards and validation procedures.
- Support model inventory, model lifecycle management, risk ratings, approvals and ongoing monitoring.
What they're looking for
- Strong experience in Model Risk Management (MRM).
- Hands-on experience in Model Validation / Model Evaluation.
- Understanding of pre-trade and post-trade risk management workflows.
- Experience with investment, financial or trading risk models.
- Strong knowledge of model governance, model lifecycle and model controls.
- Strong analytical, documentation and stakeholder-management skills.
Nice to have
- Experience in financial institutions, investment banks, asset management or capital markets is preferred.
- Candidates with quantitative/model development experience will have an advantage.
- Prior experience working on Investment / Financial Model Risk Management and model evaluation/development.
- Candidates with strong Model Risk Management business-domain SME experience and good understanding of model validation processes will be considered.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Key Responsibilities:
- Work within the Model Risk Management (MRM) framework covering pre-trade and post-trade model risk activities.
- Perform independent validation and assessment of financial and investment risk models.
- Validate models used for investment, financial modelling, pricing, risk measurement and trading activities.
- Review model methodology, assumptions, data, limitations, performance and implementation.
- Conduct model development, evaluation and validation activities, including back-testing, stress testing and sensitivity analysis.
- Assess model performance across pre-trade and post-trade workflows and identify model weaknesses or limitations.
- Prepare detailed Model Validation Reports, findings, recommendations and remediation requirements.
- Partner with Model Developers, Quantitative Analysts, Risk, Trading and Business teams to resolve model risk issues.
- Ensure models comply with established Model Risk Management policies, governance standards and validation procedures.
- Support model inventory, model lifecycle management, risk ratings, approvals and ongoing monitoring.
- Preferred candidates should have prior experience working on Investment / Financial Model Risk Management and model evaluation/development.
- Alternatively, candidates with strong Model Risk Management business-domain SME experience and good understanding of model validation processes will be considered.
Mandatory / Preferred Skills
- Strong experience in Model Risk Management (MRM).
- Hands-on experience in Model Validation / Model Evaluation.
- Understanding of pre-trade and post-trade risk management workflows.
- Experience with investment, financial or trading risk models.
- Strong knowledge of model governance, model lifecycle and model controls.
- Experience in financial institutions, investment banks, asset management or capital markets is preferred.
- Strong analytical, documentation and stakeholder-management skills.
- Candidates with quantitative/model development experience will have an advantage.
Company
Unisongroup
Singapore, Singapore, Singapore
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