Evalueserve is a global professional services provider offering services in credit and market risk analytics, KYC, Fin Crime and Conduct Risk. In line with our mind+machine ethos we also built risk applications, that can be custom built or off-the shelf. Our clients include bulge bracket investment banks, mid-sized banks in retail and wealth management services, consulting and advisory firms, and Fortune 500 corporations. We serve 7 out of top 10 world’s banks.

Evalueserve is looking to hire professionals with deep experience in corporate and retail credit risk model development for Hong Kong and other Asian markets. The role has an immediate prospect to work with a top class model development team at a global bank but it also offers an opportunity for someone who wants to drive business.

Key Responsibilities

You will be expected to take up responsibilities covering:  client relationship building, spotting opportunities and solutioning with support of other colleagues to deliver a top service that meets our clients’ needs in the broader area of model risk management. You will be working with our risk quants worldwide for bringing together best practices and approaches for credit risk model development, documentation and approval with a view to reduce time to market (from development to deployment) and overall cost of ownership of models through their lifecycle. You will also be expected to bring in new capabilities to the model development and governance teams of our clients and optimize model outputs while maintaining or increasing regulatory acceptance of the model development approaches.

Specific Responsibilities

• Maintain Advanced Internal Rating Based (A-IRB) accreditation
• Improve the Stress Testing framework to meet regulator expectations and define accurately the regulatory capital requirements.
• Develop and maintain a healthy suite of wholesale credit risk models.
• Recalibrate models based on regulatory feedback and /or back testing
• Develop model documentation and conduct additional analysis for submission to internal committee and regulators.
• Execution of robust stress tests as part of the Internal Capital Adequacy Assessment Process.
• Maintain healthy dialogue with regulators and internal stakeholders.
• Create presentations and documents for internal and external use on topics such as Risk Group functions, margin methodologies and risk issues

Experience, Qualificationsand Professional Competencies

• 8+ years of experience in developing models like A-IRB, IFRS 9, Impairment model and stress testing models for Hong Kong and other South Asian markets
• A Master's or bachelor’s degree in applied quantitative discipline (e.g. Econometrics, Statistics, Financial Mathematics, Physics or Engineering
• Change management – demonstrated track record of improving and changing processes in model development and governance 
• Business understanding of retail and corporate credit, products, consumers, behavior and data
• High proficiency in written and spoken English; another language would be a plus
• High proficiency in creating and organizing model documentation and other artifacts for regulatory submissions
• Excellent communication for maintaining two-way dialogue with regulators and internal stakeholders, for presenting model development approaches, and analytical results suitable for audiences of all technical levels

Compensation

• To be decided on a case-by-case basis, pegged with the best in the industry