Enterprise Risk Management Department-Model Risk Management VP

Overview

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.

Responsibilities

• Model Validation
• Conduct independently and drive the team to perform model validation mainly on credit risk related models by applying analytical skills for models defined in the model inventory and produce model validation reports
• Independently coordinate the remediation of model validation findings and provide analytical guidance of the finding owners
• Independently communicate with model developers/owner/users and senior management regarding validation findings and remediation activities
• Model Risk Governance
• Support and drive the team to 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
• Support and drive the team to maintain model inventory and conduct annual model review/attestation processes
• EUC Control
• Contribute in EUC control framework maintenance and enhancement
• Collaborate with relevant stakeholders to carry out the activities defined in EUC control framework
• Other Duties
• Support the other teams in ERM as needed

Qualifications

• Bachelor’s degree required
• Master’s degree in Financial Engineering, Financial Mathematics, Mathematics, Statistics or Computer Science major preferred
• Minimum 6 years of financial modeling/analytical experience
• Demonstrate strong analytical and quantitative skills to understand and validate models effectively
• Demonstrate strong critical thinking and problem-solving skills with the ability to exercise sound and balanced judgment
• Demonstrate knowledge of SR11-7, supervisory guidance on model risk management, and other relevant banking regulations from regulators including OCC and FRB
• FRM or CFA preferred

Pay

Pay Range: Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications. USD $110,000.00 - USD $230,000.00 /Yr.