AVP, Model Risk Management and Model Validation, Risk Management | Hong Kong, HK

BOC International • Full Time • Hong Kong, Hong Kong, HK • 1d ago

The Role

AVP, Model Risk Management and Model Validation, Risk Management

Key Accountabilities

• Build and maintain a robust model risk governance framework, ensuring policy clarity and compliance with HK SFC Type 11 regulatory requirements as well as global industry standards. • Perform independent validation and review of critical risk models (e.g., VaR, SIMM) and OTC derivative pricing models, applying rigorous back-testing, benchmarking, and performance analysis. • Liaise with the First Line of Defense (LOD1) to oversee controls around model development, implementation, model use and ongoing monitoring. • Validate pricing and risk models associated with new business initiatives or product launches, and assess model risk implications arising from system upgrades or infrastructure changes. • Partner with IT and Business Operations to ensure data quality, completeness, and integrity through logistics checking and rectification, thereby guaranteeing accurate model results and risk reporting. • Act as the primary liaison for model risk-related internal and external audits and regulatory inquiries, ensuring compliance with local and international standards while monitoring emerging regulatory requirements. • Deliver technical training on valuation and quantitative risk methodologies to cross-functional stakeholders, providing practical guidance and support for business analytics.

Skills & Experience

• Advanced degree (Master's or Ph.D.) in Quantitative Finance, Mathematics, Physics, or related fields. • 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. • Candidates with over 2 years of full time working experience in Hong Kong or overseas is considered as an advantage. • Solid understanding of OTC derivatives across major asset classes (Equity, Rates, FX, Credit), including standard valuation frameworks and risk metrics. • 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 vendor software (e.g. Bloomberg, RiskMetrics and Numerix) 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 for supporting our group.

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