Model risk management and quantification

Yan Li is a specialist of model risk management. He led risk consulting service on model risk management for KPMG Hong Kong and had consulting experiences for both the Hong Kong Monetary Authority and the Securities and Futures Commission in terms of internal model approach and model risk management for traded risk and stress-testing.  Yan has in-house model risk management experience in HSBC in the independent model review team.  Yan had also worked for BNPP in risk global markets and for HSBC in the traded risk team. Yan holds a PhD degree from the Economics Department of UCL. He was previously a lecturer in Aston Business School of Aston University, and a lecturer in Remin University of China.

Hua is currently the head of model validation at BOCHK where she manages both model risk management and model validation functions. Hua has worked in modelling, analytics, risk management areas for about two decades and built her expertise on model risk management in her role at HSBC Asia Pacific covering all models underpinning the bank’s operation and decision making for 10 years.

Hua also has decent experiences in both risk management and asset management. Previously, as head of development and commercialization at the Lab for AI-powered FinTech, the only FinTech lab sponsored by the Hong Kong government, she has built a team and successfully delivered securities analytics tools covering valuation and risk measures, as well as algorithmic trading strategies by combining traditional valuation approaches for financial products with AI techniques to utilise big data. The analytical solutions carry her passion to put return, risk, liquidity, and compliance perspectives in one analytical tool package for asset management.

Hua holds a Ph.D. in Operations Research from The Chinese University of Hong Kong with specialisation in optimisation techniques for profit making, with the constraints of operation and cost efficiency. She has established rapport and credibility with diverse stakeholders to drive business growth, enhance risk capabilities, and promote strategy efficiency through her career in the financial industry.