HDFC Bank - Manager/Senior Manager - Credit Rating Model Development - Wholesale

Credit Rating Model Development - Manager/Senior Manager - HDFC Bank

Job Title: Manager/Senior Manager, Credit Risk Model Development (Wholesale)

Job Description:

- We are seeking a dynamic and detail-oriented professional to join our team as a Credit Risk Model Developer for our wholesale portfolio.

- The ideal candidate will play a pivotal role in developing, monitoring, and enhancing credit risk rating models while ensuring compliance with internal and regulatory guidelines.

- This position offers an excellent opportunity to leverage analytical expertise and collaborate across key teams in a fast-paced environment.

Key Responsibilities:

Model Development & Monitoring:

- Develop, monitor, and track the performance of credit risk rating models for wholesale low-default corporate portfolios.

- Propose enhancements or refinements to existing models and methodologies to ensure robust performance.

Innovation in Statistical Techniques:

- Explore alternative statistical methods to support credit risk modeling initiatives and advance internal knowledge development projects.

Stakeholder Collaboration:

- Work closely with ratings, policy, and underwriting teams to align models with changing underwriting standards and the operating environment.

Documentation & Compliance:

- Prepare comprehensive model documentation and monitoring reports as per internal and regulatory requirements.

Performance Improvement:

- Regularly track model performance, suggest improvements, and implement approved changes to optimize efficiency and accuracy.

Implementation & Deployment:

- Assist in the implementation and deployment of models. Collaborate with the Business Solutions Group and other stakeholders to improve processes and systems.

Qualifications & Requirements:

Experience:

- 1 to 3 years of experience in model development for wholesale low-default portfolios.

- Exposure to criteria research, methodology development with rating agencies, or validation of rating models is highly desirable.

- Candidates from a credit rating background looking to transition into model development are encouraged to apply.

Education:

- MBA in Finance or Chartered Accountant (CA) qualification is required.

- Additional certifications such as CFA or FRM will be considered an asset.

What We Offer

- An opportunity to work on cutting-edge credit risk modeling techniques.

- Collaboration with a highly skilled and diverse team across business functions.

- Career development opportunities in a growing, innovative environment.

- If you are passionate about credit risk modeling and eager to contribute to a dynamic team, we encourage you to apply!