Manager - CCAR/Credit Risk Analytics - BFS

Job Description

Designation: Manager CCAR Model Validation

Location: Mumbai Goregaon

Shift Time: 1pm to 10pm

Experience : 4-8 yrs

CTC : 25LPA

Education: Masters Degree from a reputed Institute

Job Description :

- Model Risk Management (MRM) is an independent oversight function.

- Development and maintenance of Model Risk Management Policy and procedures, for evaluation and approval of very high, high and medium high risk models used in global consumer risk management.

- The position will be part of the Model Risk Management, India (Mumbai) team.

- His/her primary role is to evaluate conceptual soundness and model performance of loss forecasting, balance forecasting, stress testing, PPNR, Loan Loss Reserves (LLR), and macro-economic forecasting models that are developed by other Global Consumer Teams as part of Comprehensive Capital Analysis and Review (CCAR) submissions.

- The roles are very critical to the organization, as MRMs authorization on the use of the CCAR models are based on the reviewers evaluation -

results. The reviewer will adhere to the Model Risk Management Policy when evaluating models and ensure models, documentation, and monitoring MIS are compliant with applicable policies.

Qualifications :

- Master\'s or Doctoral degree with a specialization in Statistics, Mathematics, Finance or other quantitative discipline

- 5+ years in relevant consumer finance or credit card industry experience to include loss forecasting/stress testing model development, -

maintenance, tracking and management

Preferred - Exposure to development/validation of loss forecasting/stress testing models especially for CCAR submission

Prerna