About the Company
The Singapore Exchange Group (SGX) owns and operates the only integrated securities exchange and derivatives exchange in Singapore and their related clearing houses. The securities exchange was the first fully electronic and floorless exchange in Asia. SGX serves a wide array of international and domestic investors and end users, including many of the world’s largest financial institutions, and have been among the most innovative exchanges in the world in technological and new product development. Therefore, the ability to prepare for contingencies and to mitigate against them, is of utmost importance to SGX.
About the Role
Reporting To Head of Risk Validation, the incumbent is responsible for:
- Perform independent validation of risk models to ensure accuracy, robustness, and fitness for purpose. Models include (but are not limited to) margin, credit stress testing, derivatives pricing, collateral, liquidity stress, credit rating, and VaR models.
- Support the business and enable the growth of a multi‑asset exchange by providing quantitative expertise, cross‑functional support, and research input for new products and services.
- Provide risk evaluation and validation support for new product launches, including assessment of model design, assumptions, and risk controls.
- Ensure risk models are compliant with regulatory requirements, including PFMI principles and MAS expectations.
- Drive digitalisation of model validation, maintaining and expanding automation capabilities through the effective use of analytics and AI.
- Explore and promote the responsible use of AI in risk management, including AI governance and AI safety.
- Contribute to thought leadership initiatives, including support for climate scenario analysis and modelling in collaboration with the sustainability team.
Responsibilities
- Act as the primary point of contact for model validation activities, working closely with Risk Analytics, Risk Quant, and Risk Control teams to scope and prioritise validation work.
- Deliver validation and analytics projects in partnership with other Risk functions to support key initiatives across SGX business lines.
- Produce quarterly validation reports, track findings, and ensure timely resolution of validation issues.
- Be cross‑trained to provide backup support to Risk Control activities, including default management contingencies, to ensure overall resilience of the risk function.
- Demonstrate leadership potential, with the expectation of being groomed for a Team Lead role.
Qualifications
- Degree in data science, quantitative finance, engineering, mathematics or statistics.
- Postgraduate degree in data science or financial engineering preferred.
- Approximately 10 years of progressive experience in risk analytics, model development, or model validation.
Required Skills
- Strong understanding of derivatives pricing models.
- Solid knowledge of market risk concepts, including risk factors, stress testing, VaR, mark‑to‑market, and risk sensitivities across asset classes.
- Good understanding of capital markets instruments, including fixed income, equities, FX, and commodities.
- Exposure to credit risk modelling is advantageous.
- Strong technical skills in Python, with experience implementing solutions in environments such as JupyterLab and using modern AI‑assisted development tools (e.g. Claude Code, Gemini), version control (e.g. Bitbucket).
- Experience in developing, testing, implementing, and supporting analytics or risk solutions.
- Comfortable working with large datasets, data warehouses, and SQL.
- Familiarity with market data vendor platforms such as Bloomberg and/or Reuters.