Data Scientist-Model Validation
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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