Group Company: Union Bank of the Philippines
Designation: Model Validation Team Head
Office Location: UnionBank Plaza - Ortigas, Pasig City
Job Summary
- Lead a team of model validators to assess, validate, and ensure the accuracy and compliance of mathematical and statistical models used across the organization. The Model Validation Unit plays a key role in maintaining the bank's risk management and decision-making processes by reviewing and assessing the reliability of these models.
Responsibilities
- To set the team's work plan, supervise and coach Model Validation officers to ensure that the validation of models is performed according to the approved model validation process and timelines, thereby complying with the policies set forth by the bank and the BSP.
- To conduct research, develop appropriate model validation frameworks and process, ensuring that models are managed effectively so that they remain accurate.
- Review and sign-off on model validation reports summarizing findings, documenting validation procedures, and providing recommendations for model improvements.
- Collaborate with cross-functional model owners and stakeholders to ensure that model validation findings, if any, are addressed.
- Present model validation results and recommendations in Board and Management Committees, as necessary
- Actively participate in internal, external and regulatory audits by conducting walkthroughs and answering queries of the auditors
Experience
- 5+ years experience in modeling / model validation, Risk Management or related field
- 5+ years experience in stakeholder management
- 2+ years experience in people management
Training And Certifications
- Good working knowledge of bank products - wholesale credit, retail credit, treasury, etc.
- Advanced knowledge in mathematics, statistics or econometrics
- CFA, FRM, Masters in Statistics or Data Science preferred
