Credit Risk (Consultant - EM)
Consultant/Senior Consultant - Model Risk Management
- Chennai, Bangalore, Hyderabad
Job Description :
About the role :
- The role also comes with a managerial responsibility to set and review tasks, perform QC, and to supervise, mentor and coach analysts.
- As part of larger Financial Services practice, you may get to work on a broad range of business critical problems across various work streams.
- You will be engaging with clients and client partners to understand their business context, and work with a team of data scientists and engineers.
Location :
- Chennai/Bangalore/Hyderabad/Remote
Experience :
- 2 to 8 years
Expertise And Qualifications :
Qualification :
- Graduate/Master degree in computer science, statistics, econometrics, mathematics, computational finance, or similar.
- Deep knowledge in Quantitative methods / econometrics/ statistics.
- Strong in Regression analysis, Time series Analysis, optimization.
- Knowledge of Risk Models and Optimization algorithms.
- Good working knowledge of SAS, Python and SQL, Machine learning, exploratory data analysis.
Responsibilities will include:
- Monitor and validate aggregate model risk in alignment with banks risk strategy.
- You will lead a team of Model validators, who use their predictive and AI Modeling knowledge to review and validate a wide variety of the models.
- Manage a grwoing Model Validation team responsible for independent first line validation of predictive and generative AI models.
- Perform independent validations of financial, statistical, and behavioral models commensurate with their criticality ratings.
- Assist with the validation and review of models regarding their theoretical soundness, testing design, and points of weakness.
- Interpret data to recognize any potential risk exposure.
- Development of challenger models that help validate existing models and assist with outcome analysis.
- Ensure compliance with the model risk monitoring framework.
- Evaluate governance for Model Risk Management by reviewing policies, controls, risk assessments, documentation standards, and validation standards.
- Exposure to CCAR/CECL/IRB Models are preffered.
- Evaluate the Banks compliance with SR 11-7 regulatory guidance.
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