Senior Manager - Wholesale Portfolio Credit Model Validation
Current- Provide assurance that credit risk models used for credit decisioning, limit setting, credit pricing, business strategy, capital and provisioning are fit-for-purpose and comply with Basel IRB and IFRS9 internal bank standards and policies.- For in-house model validation, perform model validation for new/revised models prior to implementation; and existing models' post-implementation annually.- For model validation outsourced to external validators, coordinate and track validation progress; review validation findings and work quality; check coverage and compliance with IRB and IFRS9 standards and internal policies.- Follow up on closure of validation findings and recommendations by the responsible parties.To identify and maintain validation datasets and storage.- To update annual model validation planning and scheduling. This involves synchronizing work activities and timing among model development/monitoring team, external validators and internal validation team.- To coordinate the updating of credit risk model-related framework, policies and procedures, validation tools and report templates etc.