Job description
Create the future with Affin! You too can make a difference. We continuously innovate to transform our financial services landscape - making banking better and easier. Join us at AFFIN, where the open minds meet and be inspired by a shared commitment to great work. You too can make a difference. Job Purpose: This role supports the Head of Model Validation in ensuring the integrity and robustness of risk models through independent validation processes.
This includes both quantitative and qualitative assessment across a range of models to enhance our overall risk management framework. Accountability:
- Support senior staff in conducting pre- and post-implementation validation of risk models, including Retail/Non-Retail scorecards, PD, EAD and LGD and MFRS 9 models.
- Assist senior staff in performing comprehensive qualitative and quantitative assessments of model development processes and performance.
- Contribute to the preparation of documentation of validation approaches, findings, and analysis.
- Support the recommendation of potential improvements or enhancements based on validation outcomes.
- Assist in tracking the progress of corrective actions and provide regular updates to senior staff.
- Support senior staff in communicating validation results effectively to model development teams and other stakeholders.
- Assist in addressing concerns from auditors and regulators regarding model compliance and performance, under guidance.
- Assist in reviewing and updating internal model validation policies to align with regulatory requirements and industry best practices.
Requirements
- Minimum of 5 years of experience in banking or the financial services industry, preferably in model validation or model development.
- Degree in Statistics, Mathematics, Actuarial Science, or a related quantitative field.
- Strong analytical and problem-solving skills.
- Some experience in SAS or SQL for data analysis. Familiarity with R or Python is an added advantage.
- Effective written and verbal communication skills.
- Ability to manage multiple tasks and coordinate cross-functional stakeholders.
- Basic awareness or willingness to learn about regulatory frameworks related to model validation (e.g., Basel Accords, MFRS 9).