Data Scientist-Model Validation

4 days ago

Pasig, Philippines Union Bank of the Philippines Full-time

Position Title: Data Scientist-Model Validation

Location: UnionBank Plaza, Ortigas, Pasig City


About The Role

The Model Validator Officer will work with cross-functional teams to identify, assess, and mitigate risks in all mathematical and machine learning models used throughout the bank. He/she will also ensure that the models are reliable and in compliance with any relevant regulations, laws, or internal policies.


What You'll Do


1. Model Review and Validation

  • Perform independent reviews of models
  • Challenge model assumptions and results
  • Review model documentation, code, and implementation
  • Assess model conceptual soundness, data quality, and methodology
  • Validate model outputs against expected results.
  • Identify model limitations, biases, and uncertainties

2.  Risk Assessment and Mitigation

  •  Evaluate model risk and identify potential vulnerabilities
  •  Recommend risk mitigation strategies
  •  Identify areas for improvement

3. Regulatory Compliance

  •  Ensure adherence to BSP regulatory and internal policy requirements
  •  Comply with industry standards and best practices

4. Documentation and Reporting

  •  Maintain detailed validation reports
  •  Document model limitations, assumptions, and recommendations
  •  Communicate validation results to model developers and business units


What We're Looking For

  • Bachelor’s degree in a quantitative field (mathematics, statistics, finance, economics, computer science)
  •  Master’s degree in any relevant field is preferred
  • With at least 3 years of related experience in model validation
  •  Strong analytical, statistical, and technical skills
  •  Proficiency in programming languages (e.g., Python, R, SQL)
  •  Knowledge of machine learning, statistics, and modeling techniques
  •  Familiarity with regulatory requirements and industry standards is preferred