Senior Risk Management Leader

As a Senior Risk Management Professional, you will be responsible for leading the wholesale risk model development team and collaborating with the head of risk analytics and capital management to execute risk governance and practices around quantitative models.Key ResponsibilitiesDevelop and scale a new centre of excellence (CoE) for wholesale rating models from the ground up.Provide strategic leadership and contribute to the development of best practices in model development and validation.Stay up-to-date with the latest regulatory and industry updates (Basel guidelines, IFRS 9, local regulations, rating agency methodologies) and translate them into model design considerations.Research and develop innovative solutions independently.Stakeholder EngagementPrepare presentations and communicate effectively with senior management and board-level committees.Engage with multiple stakeholders across the credit lifecycle: limit management, collateral management, RAROC, customer rating.Review financial spreading logic in newly developed credit lifecycle systems.Support governance and audit readiness through proper model documentation and transparent development practices.Technical DeliverablesDesign and implement end-to-end processes for development, validation, and lifecycle management of wholesale rating models.Develop and validate a range of models including corporate/wholesale rating models including large corporate, mid corporate, SME, sovereign, FI, HNWI, project finance, and specialized lending.Explore new approaches for rating model development for low default portfolios.Master rating scale (MRS) calibration.Team LeadershipBuild, mentor, and lead a team of modelers and consultants.Drive capability building and continuous learning within the team through training, peer reviews, and knowledge sharing.Wholesale Model Monitoring Outline the goals of model monitoring, considering factors like accuracy and other relevant metrics based on the model purpose.Determine the expected performance of the respective models on historical data.Implement monitoring tools to continuously assess model performance. This includes monitoring input data quality, predictions.Communicate the model performance to relevant stakeholders to ensure prompt attention to potential problems.Regularly review and improve the model performance process based on feedback, change in underlying data, and evolving business requirements.Climate Risk Analytics Develop statistical climate risk models, integrate economic and social data to understand how climate risks may impact.Develop different climate scenarios based on various emission pathways and climate change projections. Assess the potential impact of each scenario on identified financial risks.Based on statistical models, develop adaptation strategies to mitigate relevant risks.Establish a system for continuous monitoring of climate data and update climate risk models regularly.Incorporate existing and potential future policies and regulations related to climate change into model development.Involve stakeholders in the decision-making process to ensure comprehensive understanding of local conditions, priorities, and concerns.Essential QualificationsStrong foundation in statistics and mathematics.Hands-on experience in developing and validating wholesale rating models (PD, LGD, EAD) and deep understanding of model lifecycle best practices.Strong programming languages such as R and Python, and proficiency in data analysis and visualization using Excel and PowerPoint.Hold a degree in statistics, mathematics, computer science, quantitative finance, economics, engineering, or a related field.Passionate about risk management and advancing the science of credit risk modeling.Excellent communication skills, both written and spoken, with fluency in English.Ability to convey complex technical concepts clearly to both technical and non-technical stakeholders.Desirable QualificationsPostgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM.Experience of developing teams in a multi-jurisdictional and matrixed organization.Understanding and experience of BCBS frameworks, particularly those relating to risk and capital.