Financial Model Specialist

4 days ago


Manila, National Capital Region, Philippines Asian Development Bank Full time

Overview

The Asian Development Bank (ADB) is an international development finance institution that seeks to promote sustainable development in the Asia-Pacific region. Our mission is to eradicate extreme poverty and improve living standards through innovative financing solutions and expert advice.

We are currently seeking a highly skilled Financial Model Specialist to join our esteemed team of professionals. As a key member of our Office of Risk Management, you will be responsible for supporting the Principal Model Risk Management Specialist in rolling out the Model Governance Framework (MGF) to all departments and offices.

Your primary objective will be to develop policies, processes, and methodologies for model review and validation, as well as carrying out independent model validation. You will also be responsible for:

  • Maintaining and operating the model risk governance framework.
  • Supporting the implementation of the model governance framework across all departments and offices.
  • Reviewing functionalities of all models to avoid unintentional model duplication.
  • Resolving inquiries from model stakeholders and owners on model inventory, model review, and validation processes.

To succeed in this role, you will need:

  • A University degree in Computer Science, Mathematics, Engineering, Finance, Economics, Statistics, or related fields.
  • At least 6 years of relevant international experience in a similar setting.
  • Strong model development and validation experience.
  • Working knowledge of financial theory; risk-related models (credit, market, operational, and liquidity etc.), capital (economic capital, regulatory capital), and stress testing models.


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