Vp, Retail Model Validation, Risk Management Group - Singapore - DBS Bank

DBS Bank

Verified Company

Singapore

2 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Business Function

Risk Management Group works closely with our business partners to manage the bank's risk exposure by balancing its objective to maximise returns against an acceptable risk profile.

We partner with origination teams to provide financing, investments, and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastracture.

The aim of the model validation team is to (1) limit the Bank's exposure to model risk by regularly validating all relevant models as mandated; (2) provide in-depth analysis and comments for Senior Management, and (3) meet regulatory expectations in this regard.

Responsibilities

Contribute towards the assessment of inputs, assumptions, and parameter estimates relating to the validation of Retail credit risk models, as well as models for stress testing.
Ensure compliance with Basel II and Basel III requirements, as well as local regulatory requirements.
Maintain validation standards to ensure that they meet regulatory expectations having regard to business constraints such as data and systems and its implications with respect to modelling and parameterization processes.
Provide wellconsidered validations reports that clearly articulate findings and recommendations.
Drive priority initiatives for the team/department, in particular undertake research to upgrade the team/department's statistical tools, techniques, and methodologies.
Spearhead experimentation with alternative analytics techniques (including machine learning) for benchmarking inuse credit risk models.
Coordinate with MV data analytics team to find solution for the validation needs of the team such as, but not limited to, sourcing of input data used in the model, provide requirements in automating datafeeds to the system data repository, designing dashboards for model performance monitoring, support and testing in migration or enhancement of validation platform.
Contribute towards developing strong professional relationship within and across validation teams as well with model developers.

Requirements:

Degree in quantitative discipline, such as Statistics, Mathematics, Quantitative Finance, Data Analytics, or equivalent.
At least 8 years of experience in model development/validation.
Outstanding quantitative skills (including working knowledge of statistical/database languages/software such as Python, R, SQL, Excel, & VBA).
Knowledgeable in dashboard tools such as Tableau is an advantage.
Strong leadership abilities and is selfmotivated.
Excellent communication skills (both oral and written).
Sound knowledge of Basel II, Basel III, and local regulatory requirements.
Strong understanding of business requirements and evolving industry practice.
Innovative with research mindset.
Able to contribute towards team building and maintaining team morale.
Ability to work in a team and under pressure.

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

Primary Location:
Singapore-DBS Asia Central

Job:
Analytics

Schedule:
Regular

Employee Status:

Full-time

Job Posting:
Jan 25, 2023, 3:24:09 AM