Job Views:  
10328
Applications:  80
Recruiter Actions:  12

Job Code

450742

Associate Vice President - Global Risk Analytics Function

8 - 14 Years.Kolkata
Posted 7 years ago
Posted 7 years ago

The Global Risk Analytics (GRA) Function is accountable for Model Risk to the Group. GRA, is a newly formed quantitative analytics function spanning across market risk, CVA, CCR, Operational Risk, Regulatory and Financial Crime Compliance, this is a high risk environment in the financial services industry, with the impact from regulators, customers, shareholders and the media is at an exceptional level, meaning that compliance with the letter and spirit of regulation globally has never been more important.

Global Analytics Centre (GAC) provides analytics support to various group businesses and functions. Typical deliverables include data analysis, providing analytics insights, model development, validation, calibration, strategy development, monitoring and reporting, information management and business intelligence. The deliverables form the basis for strategic planning by the senior management for businesses and enables effective decision making to satisfy business needs and requirements along with addressing unforeseen challenges. The GAC GRA team is an arm of the Group GRA Team supporting the latter with its overall commitments to global businesses and to the regulators.

This role will be responsible for supporting the portfolio analytics and data based decision making across the commercial banking portfolios within the group. This would include analytics support towards portfolio credit risk management with primary contribution focus towards global roll out of the IFRS9 Impairment calculation methodology framework for Group.

This role reports into the VP for GAC GRA Wholesale Analytics.

- Help in designing and implementing the various Group frameworks in GAC related to IFRS9 model parameters and finally help in deploying these into various regions .

- Manage overall project pipelines from GAC and provide best in class solutions to Group on the above analytical problem. A hand on analytical deep dive into the process and designing solutions is must requirement for the role.

- Innovate, Drive standardization across regions by owning and delivering various Portfolio analytics Global standard solutions out of GAC mainly in the IFRS9 analytics domain.

- Lead and analyze various model parameters for sensitivity, provide robust estimates and do proper pre-implementation testing of these IFRS9 model parameters before deploying them for IFRS9 Impairment calculation.

- Manage the IFRS9 Impairment methodology to achieve the global objectives of RRA-WCMR (includes hands on delivery, resource allocation, manage project pipeline and update management on progress)

The jobholder will continually reassess the risks associated with the role and business area, taking account of changing economic and market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring, and the impact of new technology. This will be achieved by all actions take account of the likelihood of risk occurring and addressing any areas of concern with the appropriate persons and/or departments.

The key risks/dependencies:

- Inadequate business information sitting off-shore and data complexities

- Unstructured business problem and frequent changes in scope

- Frequent ad-hoc queries with quick turnaround time

- Building consistent standards across Model development, Portfolio Risk Management across countries

The objective is to develop a consistent framework to assess the risk of any commercial banking portfolio across the group, monitor the performance of the portfolio, and identify risk within the portfolio.

The candidate must have Management qualification from Tier 1 university / Institute. Only full time candidate will be considered. Very strong Statistics / Mathematics with good experience in Risk Modelling, Scorecard

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Job Views:  
10328
Applications:  80
Recruiter Actions:  12

Job Code

450742

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