Model Validation Unit Head

About Us

UnionBank embraces the future of banking and is committed to be the Philippines leading digital bank to best serve the growing needs of Filipinos everywhere.

The Bank has always been among the first to embrace technological innovations to empower its customers. With this, it has consistently been recognized as of one of Asia's leading companies, ranking among the country's top universal banks in terms of profitability and efficiency.

UnionBank's Digital Transformation Strategy reinforced its commitment to deliver superior customer experiences and promote inclusive prosperity in the country. For several years, the Bank was renowned Best Digital Bank by prestigious institutions,and also recognized in areas of transformation, people, and culture. With its drive to Tech Up Pilipinas and be an enabler of the Philippines push to be a G20 country by 2050, UnionBank stands firm in its promise to power the future of banking by co-creating innovations for its customers and for a better world!

Position Objective:

Lead the Model Validation Unit by overseeing the independent assessment and validation of mathematical, statistical, and machine learning models used across the organization. Ensure models are accurate, robust, and compliant with Bangko Sentral ng Pilipinas (BSP) regulations, internal risk management standards, and bank policies. This role is critical in safeguarding the integrity of the bank's risk management framework and supporting sound decision-making by evaluating model performance and reliability.

Key Responsibilities:

• Establish the team's work plan, supervise and coach Model Validation officers to ensure that thevalidation 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.
• 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

Qualifications:

• Minimum 5+ years in model development, model validation, risk management, or a related field.
• At least 5+ years in stakeholder engagement and relationship management.
• 2+ years in people leadership or team management.
• Strong understanding of banking products, including wholesale credit, retail credit, and treasury.
• Advanced proficiency in mathematics, statistics, or econometrics.
• CFA, FRM, or a Master's degree in Statistics, Data Science, or related discipline are preferred
• Core Skills & Competencies:Ethics & Integrity, Critical Thinking, Debate & Constructive Challenge