Risk Model Developer

About Security Bank

We are the Philippines’ largest independent bank, having won countless awards over the years, including one of Euromoney's most prestigious industry awards in 2021—Best Bank in the Philippines.

We’re changing how people bank. From the moment customers enter our branches to their experience online, we make them feel valued and empowered.

Now, with more than 300 branches spanning the country, BetterBanking has become the gold standard in improving the banking lives of millions of Filipinos. But we’re far from done.

In our constant pursuit of excellence and improvement, we create teams that support our business and each other.

The Role

As a Risk Model Developer, you will develop and implement credit risk models for the Wholesale segment while supporting all aspects of the agreed model build, validation, and governance process. This is to support credit risk management and ensure regulatory compliance.

How you'll contribute

• Assesses and dimensions the quality of data using exploratory data analysis to ensure a robust database for risk modeling.
• Develops credit risk models using a structured process and robust modeling methodologies or techniques to ensure model soundness and suitability.
• Identifies risks associated with developed models using the monitoring reports to confirm that models remain appropriate for the given portfolio.
• Evaluate the completeness of data by understanding fundamental business concepts and policies to cover essential information that is critical in the model development.
• Identifies project risks that can potentially affect the quality of the model by identifying key activities and their dependencies at the preliminary stage of model development to prevent show stoppers and necessary backup plans can be formulated.
• Ensures model development and subsequent changes have comprehensive documentation in terms of the design and key decisions made to ensure that it's fully understood and auditable for internal and external parties.
• Ensures model implementation plans have rigorous pre-implementation testing procedures and comprehensive user acceptance tests to ensure accurate and smooth implementation of the model.
• Reports updates on key activities, dependencies, milestones, and issues by presenting to concerned parties to be able to seek inputs and check their understanding.

What we’re looking for

• Bachelor’s Degree in Mathematics / Statistics or any related course
• Have at least 3 - 4 years experience in Banking and Financial, Actuarial/Statistics
• Knowledge of various risk modeling techniques and corporate/commercial lending
• Proficient in data processing software e.g. SAS or R and statistical modeling methodologies. Good project management skills
• Able to communicate effectively with all levels of the organization, auditors, and regulators

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