Singapore Job Openings

OCBC Bank

AVP, Model Validation & Analytics, Market Risk Management

FULL TIME

September 2, 2024

AVP, Model Validation & Analytics, Market Risk Management - (24000189)

Why Join
If you thrive on making a significant impact in a dynamic and competitive environment through innovative thinking, then this role is perfect for you. As a member of our team, you will collaborate with cross-functional teams and work with a diverse range of mathematical models in the banking industry, covering areas such as trading, risk management, ALM, and other functions. You will gain extensive exposure to both traditional banking models and cutting-edge AI technologies and applications. We foster an environment that encourages you to pursue your interests and excel at your best.
How you succeed
This is an ideal opportunity for individuals who are self-motivated, self-managed, and excel at prioritizing tasks with minimal supervision. If you possess a strong willingness to learn, take ownership of your work, and confidently express your views, along with possessing exceptional teamwork skills, actively listening to diverse perspectives, and effectively communicating your ideas to contribute to the overall success of the team, then this opportunity is perfect for you.
What you do

Validate pricing and risk models by means of independently built full replication models, including derivative pricing models and counterparty credit risk exposure models. Long term focus will be on derivative pricing.
Liaise with front office and risk control on results and produce detailed validation reports.
Take ownership of some of the team’s internal initiatives and projects. Contribute to the various bank wide projects that require quantitative technical expertise.

Who you work with
Group Risk Management works independently to protect, build, and drive our businesses. The team support good decision-making. With strong risk analysis. And a crucial, comprehensive role in sharpening our competitive edge. Optimising risk-adjusted returns. It’s about seeking and adopting best-in-class practices. Protecting the group from unforeseen losses. Keeping risk within appetite. Embracing change and managing growth in one of the world’s strongest banks.

Qualifications

Who you are

At least 3 years of experience in a relevant function as quantitative analyst or researcher.
Experience in quantitative finance, such as validation, pricing, and risk models, and/or model development is essential.
Advanced degree (MFE, MSc or equivalent, Ph D a plus) in a STEM subject, such as mathematics, physics, engineering, statistics, data science, quantitative finance, or equivalent.
Analytical skills and knowledge of mathematical models and methods in stochastic calculus, Monte Carlo simulation and/or PDE modelling.
Experience with at least one programming language is essential. In particular, C#, C++, and/or Python are a plus.
Ability to work independently and carry out all project aspects, such as modelling, coding, documentation, and stakeholder management.
Strong communication skills, as the candidate must be able to communicate complex ideas and concepts into simple and easily understandable terms.
Ability to relate to people and build rapport to gain the respect of subordinates and peers.
Good interpersonal skills and ability to build and maintain professional relationships.

Who we are
Singapore’s longest established bank, we’ve been helping people and businesses get what they want from life since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Embracing technology and creativity to become a future-ready learning organisation. But for all that change, the entire focus of our organisation remains to be Simply Spot On. In everything we do.
And so whether you want innovate needs-based financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.
What we offer
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

Primary Location: Singapore
Job: Market Risk
Organization: Market Risk Management
Schedule: Permanent

Job Posting: 02-Sep-2024, 5:50:59 AM

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