Specialist/Consultant, Model Risk & Validation

This role offers you the opportunity to be part of a highly respected team that provides independent assurance and validation of key actuarial models across the business. You will play a pivotal role in supporting effective oversight of financial and non-financial risks, ensuring compliance with regulatory frameworks, and contributing to the development and implementation of model risk policies.

What you'll do:

As the Specialist/Consultant in the Model Risk & Validation team, you will be responsible for overseeing the independent assurance process for actuarial models used throughout the organisation. Your day-to-day activities will involve preparing for model validations by establishing clear terms of reference, executing thorough validation procedures on key models utilised for valuation, capital reporting, and pricing decisions.

• Assist with preparation for model validation activities by developing terms of reference, identifying scope, and conducting fact-finding tasks to ensure thorough understanding of critical models.
• Execute validation procedures for essential actuarial models used in valuation, capital reporting, and new business pricing, delivering timely findings and reports for senior stakeholders.
• Develop comprehensive validation reports that gain support from senior stakeholders and ensure prompt delivery to relevant governance committees.
• Conduct ad-hoc analyses as requested by senior management to provide assurance regarding model use in decision-making processes.
• Review critical model changes and associated validation reports to maintain high standards of accuracy and compliance.
• Carry out Deep Dive reviews related to critical models, offering detailed insights into their performance and reliability.
• Prepare model validation papers for technical committees and the Board/GRC, consolidating information from business units into group-wide reports.
• Produce updates on material model changes for governance committees, ensuring transparency and accountability throughout the organisation.
• Develop replication templates for critical models as part of the Actuarial Model Validation Platform initiative.
• Support standardisation efforts by improving validation frameworks and processes within the team

What you bring:

• You have at least five years’ experience in risk management, consulting, or financial modeling, ideally within financial services such as insurance, banking, or related industries.
• Your background includes familiarity with model platforms and an understanding of risks relevant to large organizations, including regulatory and governance considerations.
• Prior experience in model testing, validation, or audit is highly desirable, particularly in areas such as valuation models, capital adequacy assessments, or decision-support tools.
• You possess a solid understanding of financial statements (e.g., revenue accounts, balance sheets) and the risks faced by financial institutions, along with how these are modeled for decision-making purposes.
• You demonstrate proficiency in quantitative techniques and/or economic valuation methods, with exposure to capital calculation methodologies being an advantage.
  
  

What sets this company apart:

This organisation stands out for its commitment to fostering a collaborative culture where knowledge sharing is encouraged at every level. Employees benefit from supportive leadership that prioritises professional development through ongoing training opportunities tailored towards individual growth ambitions.

What's next:

Apply via the link provided or reach out to Yi Ling at yiling.chai@robertwalters.com for a confidential discussion. If this opportunity isn't for you but you know someone who may be suitable, referrals are always welcome.

Do note that we will only be in touch if your application is shortlisted.

Agensi Pekerjaan Robert Walters Sdn Bhd
Business Registration Number : 729828-T
Licence Number : JTKSM 423C