Model Risk Governance Expert
6 days ago
About Us
Asian Development Bank (ADB) is an international development finance institution with a mission to eradicate extreme poverty in the Asia-Pacific region. ADB's vision under Strategy 2030 combines finance, knowledge, and partnerships to promote sustainable development.
We are seeking a highly skilled Model Risk Governance Expert to join our esteemed team of professionals. As a key member of our Office of Risk Management, you will be responsible for implementing best practices for model risk governance across all departments and offices.
Your primary objective will be to maintain and operate the model risk governance framework, ensuring that our financial models align with global standards and regulatory requirements. You will work closely with senior management and the Board to report on model performance and make recommendations for improvement.
You will also be responsible for:
- Supporting the implementation of the model governance framework across all departments and offices.
- Periodically reviewing results of models' performance monitoring and validation, including implementation of remedial actions.
- Escalating model review and validation findings to the Model Risk Committee.
- Supporting communication, coordination, and preparation of updates for the MRC and the ADB Risk Committee.
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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