Assistant Manager/Manager - Model Monitoring/Validation - BFS

Model Validation

We are hiring for a leading Financial organisation based at Mumbai/Hyderabad

Position :

Experience : 1 to 4 yrs in Model Monitoring/Validation - For financial Services with good in SAS

Education : B.tech/ Masters / MBA - in Economics, Mathematics, Statistics, Finance, Computer science

Role & Responsibilities :

- Work with vendors and internal modeling partners to develop approval documentation for new algorithms. This will include a comprehensive write-up on how the models are built, testing and validation work done, methodology, sampling, performance, etc.

- Conduct periodic model validations on scores, looking for key metrics such as precision, recall, rank ordering of score performance, how models are performing well

- To communicate model performance and trends, including providing key insights into areas where scores are deteriorating or underperforming, so appropriate adjustments can be made to prevent unexpected losses

- Work with partners in Model Risk Management (MRM) to close out any follow-up items on partially/conditionally approved models