Senior Analyst - Model Validation - BFS

Manpower Resources India Pvt. Ltd is a leading Executive Search & Selection company, caters to recruitment services in Manufacturing, Infrastructure, Engineering & Healthcare domain.

We have been mandated by a leading credit rating agency in India for the below mentioned position.

Job Role: BFS Sr. Analyst- Model Validation

Location: Mumbai / Gurugram

Experience: 5-8 Years

Education: MBA/PGDM, FRM/CFA (Preferred), BE, or a related quantitative field

Role Summary:

We are seeking a highly skilled Credit Risk modelling Professional to join our credit risk management implementation projects. This role involves working with Model Risk Management team to independently validate credit risk models for clients and internal models. This role involves end-to-end validation of risk and regulatory models across various business models.

Key Responsibilities:

- Independently validate credit risk and regulatory models, including underwriting models PD, LGD, EAD, Stress Testing, CECL, Credit Scorecards, AML, and counter-fraud models.

- Conduct first-time (baseline), change-based, and annual validations.

- Assess models both conceptually and quantitatively to ensure their suitability for intended use.

- Challenge models effectively by conducting thorough assessments and evaluating the adequacy of documentation in line with regulatory guidelines.

- Validate the quality of source and forecast data, as well as manage change processes.

- Develop benchmark models using statistical and machine learning techniques to challenge existing methodologies.

- Evaluate the model monitoring, implementation processes, and calibration techniques.

- Prepare detailed model validation reports, summarizing findings, providing recommendations, and assigning risk ratings to models.

Preferred Skills and Qualifications:

- 5-8 years of relevant experience in credit risk modelling and independent validation.

- Strong ability to present complex information clearly, with proficiency in business English.

- CFA or FRM preferred

- Master's degree in Statistics, MBA in Finance, BE, or a related quantitative field.

- Expertise in Excel, SAS, Python, and R, with experience in BFS analytics and various modelling techniques (e.g., Regression, Time Series, Clustering, Scorecards).

- Understanding of regulatory frameworks such as IFRS 9, RBI guideline of credit risk modelling and Basel IRB.

- Strong skills in managing clients, with the ability to communicate effectively across multiple business units.

- Proven experience in managing projects and teams in risk modelling.

- Self-driven, proactive, with a "can-do" attitude, capable of working independently and under ambiguity.

- Ability to make decisions, lead teams, and achieve business objectives.

- Ability to work well in a team and manage multiple tasks simultaneously.

- Effective in communicating with senior management and regulatory bodies.