Senior Associate/Assistant Vice President - Securitization/MBS Mortgage Models - Bank

A leading global bank in Mumbai is looking out for a Senior Associate/AVP for its model risk management function. The team is responsible for developing model risk policy and control procedures, performing model validation, provide guidance on a model's appropriate usage, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations.

Responsibilities :

- Perform assessments on the soundness of model specification, the appropriateness of the methodology, reasonableness of assumptions and reliability of inputs

- Assess the completeness of testing performed to support the correctness of the implementation

- Assist with the model identification process, assess whether newly identified methodologies should be in the scope of the model risk policy

- Work with model developers and model users across the firm to understand methodology and usage

Skills :

- Master's Degree in a Quantitative / Numerate Field

- Knowledge of probability theory, statistics, mathematical finance, econometrics, numerical methods

- Knowledge of Mortgage-Backed Securities and statistical modelling

- Knowledge in modeling- valuation, risk, capital, forecasting, investment management

- Experience in model validation and/or model development