Enterprise Risk Management Department-Model Risk Management AVP

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The job is an AVP role in Model Risk Management team, which requires understanding of model risk management framework and regulatory requirements. The role supports the team to implement and enhance the model risk management framework including carrying out model risk governance activities and performing independent model validation. This role will also get exposure to End User Computing (EUC) control framework implementation. This role executes certain tasks around model risk governance, conduct, add business values in model validation process, and contribute in EUC control process as well.

Responsibilities

Model Validation

• Drive and support the improvement on model risk management policy, procedure, and standards
• Implement the activities defined in model risk management framework and ensures that the Bank's model risk management framework continues to align with regulatory expectations and proactively enhance the internal BAU process
• Maintain model inventory and conduct annual model review / attestation processes
• Facilitate the bank wide model risk related activities e.g. risk assessment in new product launching, model risk aggregation / assessment and model risk management trainings to internal stakeholders

EUC Control

Model Validation

Qualifications

Specialty in credit risk models and compliance models preferred

FRM or CFA preferred

Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $65,000.00 - USD $150,000.00 / Yr.