Yang Hu

About Yang Hu

Boasting over 12 years of experience in risk management and model development & validation, my work at BMO has been defined by a relentless pursuit of excellence in Fraud risk, Financial Crimes Prevention, and Credit risk and Stress Testing. As a Senior Manager with distinguished CFA and FRM credentials, my core competencies lie in fostering a culture of transparency and mitigating model-related risks. Subject matter expert in all phases of model lifecycle, from identifying business problems, acquiring and managing data, formulation, calibration, implementation, documentation, validation, monitoring and backtesting of models. Areas of expertise include, in addition to model risk management and modeling, machine learning/AI, NLP/LLM, stress testing (CCAR & DFAST), loss forecasting (CECL & IFRS 9) and capital management, enterprise risk management, and regulatory strategy and remediation plans.Demonstrated experience in developing and managing high performing quantitative teams globally. Experience in leading transformation programs and scaling up analytical functions.

Experience

1. Senior Manager, Model Validation, Behavior Analytics and Machine Learning

   BMO

   Jan 2022 — Present · Toronto, ON, CA

   Model Validation in Enterprise Risk has the mandate to review and approve enterprise-wide model use so that the Bank is not subject to unjustified, undue, and unidentified risks due to error or misuse of models, and to promote the transparency and understanding of models and model risks across the Bank.Responsibilities include-> Model validation• Support the Director in the development and execution of overall validation work plan.• Lead the team to independently validate new and existing models used for BMO Canada, US, and international.• Ensure the analysts complete their validation projects in high quality within required timeline.• Provide effective challenge and communicate identified model risk to the model stakeholders to ensure the risk are well understood and mitigation actions are taken; escalating where necessary to senior management.• Provide consultancy to the senior management and first line model stakeholders regarding the technical model issues.• Keep abreast of latest development in fraud modeling-> Managerial Leadership• Host regulator update meeting to MV senior management and other stakeholders.• Provide supervision and training to the junior analyst, and review work completed by the reporting analyst before the draft report and recommendation are submitted for approval.• Identify and implement improvement to work, process and systems to ensure operational effectiveness.• Support ad-hoc reporting requests from senior management, internal audit and regulators.• Manage HR administration requests of the junior analyst-> Governance• Ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework, e.g. all fraud models used by the bank are validated and approved and issues identified are mitigated properly.• Ensure all validation review work is conducted in accordance to defined model validation process, and in compliance with all bank and regulatory requirements.

Education

• University of Waterloo

  Master of Mathematics, Statistics and Actuarial Science

  2012 — 2014

• Peking University

  B.S, Applied Mathematics with concentration in Financial Mathematics

  2008 — 2012