We are seeking an experienced and detail-oriented Credit Risk Validation Assistant Manager to join our team based in Hong Kong Island, Hong Kong. The successful candidate will play a key role in conducting independent validation of credit risk models and frameworks used across the organisation. This position offers a unique opportunity to gain exposure to a wide range of credit risk portfolios and methodologies within a dynamic environment.
The ideal candidate will possess a strong understanding of credit risk models, quantitative analytics, and risk management frameworks. Responsibilities include validating credit risk rating models, stress testing methodologies, and IFRS9 Expected Credit Loss (ECL) models. You will assess model performance, challenge model assumptions, and verify the consistency of data inputs and outputs. Additionally, you will play an integral role in preparing validation reports, presenting findings to key stakeholders, and supporting model governance processes.
Applicants should have a minimum of three years of relevant experience in credit risk, ideally within a financial institution, consultancy, or regulatory setting. A bachelor’s degree or higher in a quantitative discipline such as finance, mathematics, statistics, economics, or engineering is required. Strong proficiency in programming languages and statistical tools such as SAS, R, Python, or SQL is highly desirable. In-depth knowledge of Basel III, internal ratings-based (IRB) approaches, and IFRS9 standards is essential.
Excellent analytical and problem-solving skills, with the ability to communicate complex quantitative concepts to non-technical audiences, are critical for success in this role. The candidate should demonstrate the ability to work independently, manage multiple tasks simultaneously, and maintain high standards of integrity and attention to detail. Familiarity with model risk management frameworks and regulatory expectations around model validation will be considered a strong advantage.
This role is ideal for individuals looking to build their career in credit risk and model validation in a dynamic and collaborative work environment. With a competitive salary paid in HKD and opportunities for professional growth, this position offers a rewarding career path for motivated professionals in the financial risk space.