Business/ Dept.
Objectives: Positions within Global Consumer Risk Management for model development for the secured portfolio
Core Responsibilities: This position within Global Consumer Banking will develop models for secured portfolios (e.g., Home Equity, Mortgage etc.). The responsibility includes but not limited to the following activities:
- Obtain and conduct QA/QC on all data required for model development
- Develop custom credit risk models and oversee vendor credit risk models
- Maintain Model Inventory
- Ensure all model limitations have compensating controls
- Review model inputs/outputs for accuracy
- Monitor ongoing model performance (MIS)
- Ensure compliance of modeling activities with applicable Policies and Regulatory Guidance
- Revalidate/redevelop all models as needed
- Deliver comprehensive model documentation
- Work closely with cross functional teams, including country/region's business stakeholders, model validation and governance teams, and model implementation team
- Prepare responses/presentations for independent validators
Education: Advanced Degree (Masters required or PhD preferred) in Statistics, Mathematics, Operations Research, Economics, Quantitative Finance etc. MBA s should apply only if they are interested in career in specialized quantitative risk management discipline.
Skillset - Role involves strong programming (SAS, SQL, R, Matlab etc)
- Proficient in MS Excel , PowerPoint
- Quantitative analytical skills (regression, time series, decision tree, linear/nonlinear optimization etc)
- 2 - 9 years analytic experience
- Strong understanding of Mortgage products with exposure to the US market.
- In depth understanding of Risk Management across customer life cycle. Understanding of credit Risk Policy for secured products
- Experience in performing quantitative analysis, statistical modeling - Traditional and Machine Learning
- Experience in end-to-end modeling process (data collection, data integrity QA/QC/reconcilements, pre-processing, segmentation, variable transformation, variable selection, model estimation, performance testing, model documentation, & model production implementation)
- At least 2 years' experience in credit scorecard development
- At least 1 years' Experience in working for developed markets (US/international)
- Manage projects independently
- Ability to manage work in cross functional teams, including country/region's business stakeholders, model validation and governance teams, and model implementation team
- Present model results with over-sight for approvals
- Good communication skill to communicate technical information verbally and in writing to both technical, non-technical and senior audiences
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