AVP/VP - Credit Risk Analytics - Independent Model Reviews - BFSI

Hiring for one of leading BFSI Client based in. Please find the details on the role.

ROLE PURPOSE:

VP Independent Model Review is responsible for leading reviews of models and critical processes implemented. Reviews are conducted in-line with supervisory guidance on model risk management as well as other applicable internal and regulatory guidelines. The role purpose is to identify model limitations and assumptions in order to produce appropriate changes.

KRA's:

- Use industry best practices, advanced modeling techniques, supplemented by expert judgment and qualitative evaluation, to drive a program of validation and independent review that meets the requirements and framework as defined by regulation and policy to provide credible independent challenge.

- Assess model development, implementation, use, validation, and governance.

Operational Effectiveness & Control

- Ensure that Independent Reviews and Validations of Global models specifically address the appropriateness of the models to the local portfolios. Where necessary, augment Global reviews with additional analysis to meet local requirements. As required, participate in the review and validation of the local and global economic and stress testing capital models.

- To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.

Required skill set:

- Minimum of twelve years proven and progressive credit and financial services experience or equivalent, including extensive knowledge and hands-on experience related to model development and management.

- Degree holder in mathematics, statistics, industrial engineering, operations research related fields or equivalent experience; Master's degree preferred for quantitative responsibilities.

- Strong communications, analytical, decision-making, lateral thinking and interpersonal skills.

- Solid understanding of commercial and retail credit processes, including credit risk assessment and systems as well as econometrics, statistics, simulations and credit products.

- Knowledge of complex financial risk modeling and analysis, including credit risk and economic capital

- Must have comprehensive understanding of the changing regulatory environment, OCC 2011-12/FRB SR 11-7 guidance, Basel II and Basel III guidance, CCAR guidelines, etc.

- Must have a comprehensive understanding of retail credit risk, wholesale credit risk, ICAAP, EWST, economic capital concepts. Applicable Wholesale portfolios include, but not limited to SME, MME, Private Banking, CRE, GBM, along with the full range of product offerings within each business. Knowledge of market risk and counterparty credit risk would be a plus.

- Must be prepared to be called on by GMO to deliver reviews of Global models, in addition to existing local priorities.

- Understanding of AML framework, along with relevant regulations and procedures would be a plus.