Risk Analytics Role - MRMG Team - BFS

The team lead is a key member of the MRMG Team and will have responsibility for quality control of the model development and maintenance processes. He/ she will manage a team of junior partners. The role will cover several aspects of model development, data analytics, data governance, data validation, model implementation and model maintenance activities, as well as ensuring adherence to internal policies and procedures, and key regulatory requirements. The position will also be integral in establishing analytics standards across development of CCAR, Basel and Risk models.

Job location - Bangalore

Skills:

- 7+ years of experience in development / validation of credit risk (PD/EAD/LGD, counterparty), PPNR, Operational risk analytics

- Strong CCAR/ Basel experience with working knowledge of documentation, 14 M/Q and different regulations

- 7+ years strong experience in different banking products e.g. wholesale, retail, counterparty, CRE etc.

- Strong People management experience and performance management

- Relevant regulatory guidance on the models development and ongoing monitoring, such as the Federal Reserve's bulletins SR 11-7, SR 15-18

- Strong analytical skills, knowledge of different analytical tools like SAS, R, Matlab, and VBA. SAS is mandate

- Good oral and written communication skills, including presentation skills, the ability to create model documentation and regulatory reporting documents

- Organizational and problem solving skills and attention to detail

- Ability to partner effectively with peers, senior management and overseas partners

- Investigative and questioning nature combined with sound business skills

- Ability to work under pressure and organize, manage and prioritize multiple deliverables

- Experience of working in a multi-cultural and global environment

- Good Multi-tasking skills. Ability to quickly assimilate & comprehend information and deliver within strict deadlines

- Related Industry qualification (e.g., CFA, FRM) a plus

Major Duties :

- Manage the quality assurance process across model development, implementation and maintenance. Manage entire data analytics work to support modellers, develop data analytics framework and governance

- Administer the standards for high quality model development and model management across CCAR, Basel and Risk models

- Determining the gaps, as per the QA checklist/process, in the model development and documentation for models in a phased manner. Work in conjunction with the model development team in filling the identified gaps and enhancing the model development reports

- Responsible for the implementation and maintenance of critical procedures, templates to support approaches used to develop and manage Capital and Risk models

- Responsible for identifying weaknesses in controls and developing solutions to improve analytics activities

- Evaluate quantitative approaches to model development; coding, model methodologies, model testing requirements, and data analysis

- Evaluate qualitative approached to model development and maintenance; model implementation, contingency plans, quality and transparency of documentation, variable selection processes and ongoing monitoring plans and execution of requirements of the enterprise model risk management standards

- Interface directly with senior managers responsible for modeling activities, Internal Audit, Model Governance, and Regulators

- Identify efficiencies and modeling activities that require enhancements for execution, standards and maintenance

- Responsible for training and education of model developers on regulatory requirements and high functioning model development and maintenance activities