Manager/AVP - Model Validation - BFSI

Education:- IIT/IIM/ ISI/ M.Sc

We offer:

As a part of Model Risk Management, the candidate will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc. The current heightened regulatory focus on these areas and the team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management. Opportunities to present results to stakeholders, as well as peers, are numerous, allowing the candidate to widen and develop their network and reputation.

The successful candidate will:

- Be expected to manage independent validation reviews across a wide range of core Risk Capital or other business-impactful models used throughout the bank. Meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review: choice of modeling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute to the firm-wide model risk and control assessment.

- Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results in interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

You offer:

- Experience in data management and analysis or in Front Office IT would be an advantage.

- Good knowledge including programming experience of software applications such as R, Matlab, SQL, and SAS.