Axis Bank - Head - Financial Modelling & Model Risk Management - Business Intelligence Unit

INTERNAL USAGE:

No. of Vacancies: 1

Reports to: VP/SVP

Is a Team leader? Yes

Team Size: 10-15

Grade: DVP

Business: BIU

Department: BIU

Sub-Department: BIU

Location: - Mumbai/Bangalore

About BIU

Axis Bank's (BIU): This is a high profile team with a mandate to drive data based decisions within the bank. Reporting in to the Head Banking Operations and Transformation,, this department works with all businesses of the bank including retail, small business and corporate to drive analytics. In terms of functions, the department has teams focused on all aspects of analytics for the bank including risk analytics, financial crime analytics, business and marketing analytics, data science, data engineering and business reporting

About the Role :

The person would be a part of the Data Science and Artificial Intelligence CoE team in Business Intelligence Unit. The person will be heading 2 teams - Financial Modelling and Model Risk Management

Key Responsibilities :

The candidate will be responsible for the following in his/her job role:

1. Financial Modelling

- Deliver best in class NPV valuation models and customer profit scores across all lending/liabilities/investment products and customer lifecycle in Retail and Corporate Banking.

- Drive these modeling projects, covering all aspects of financial model development process (liaising with stakeholders, understanding business need / requirement, creation of model design, exhaustive data prep, building robust model, implementation and regular monitoring) Model Risk Management

- Assess model behavior and its suitability to particular products/structures

- Develop and implement model benchmarks and compare the outcomes of various models; design model performance metrics

- Assess appropriateness of the model's output risk sensitivities

- Cogently documenting analysis findings and sharing with stakeholders

- Support and contribute to the ongoing initiatives aligned with business priorities

Qualifications :

Advanced degree (master's or above) in a quantitative subject such as Engineering, Mathematics, Operations Research, Statistics, Economics or Finance

\Role Proficiencies:

For successful execution of the job, a candidate should possess the following:

Knowledge :

- Strong financial modelling background - experience in building financial valuation models and customer profit scores

- Prior exposure to credit risk and model risk - experience in risk analytics and models

- Good understanding of model development process and statistical nuances

- Banking experience necessary - understanding of all banking products in Retail and Corporate

- Very strong analytical and problem solving abilities

Skills :

- Should have experience on using SAS, Python, PySpark, SAS Model Manager

- Good understanding of modelling techniques and risks involved - logistic regression, neural networks, na- ve bayes, random forest, XG boost, CNN, LSTM

- Strong data handling, interpretive and problem solving skills with the ability to process large volume of transaction level data and efficiently derive actionable results.

- Good team handling skills and ability to mentor juniors to drive outcomes

- Having a - results oriented- attitude with - go get it done- skill

- CFA and FRM certification is a plus

About Axis :

Incorporated in 1994, Axis Bank is one of India's most trusted banks & the third largest in the private sector. At Axis Bank, customer centricity has always been the foundation of our business. Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool. The Bank has a young & engaged workforce of over 70,000 employees, with an average age of 30 years. We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.