Senior Consultant/Lead - Quant - Model Risk Management

Education - Qualification Bachelor's or Master's degree in Statistics/ Mathematics/ Physics/ Engineering

Role Type Permanent:

Job Description This role is aligned with the Model Risk Management team and involves analysis review, validation and quantitative Risk and Capital Planning models like RWA, IRR, Scenario Design, etc.

Responsibilities - Provide independent review and validation as per Model Risk Management policies and procedures, regulatory guidelines and industry practices.

- Adhere to conceptual soundness, standards of modelling methodology, model limitations, data quality, model monitoring.

- Responsible for Market Risk Management deliverables for specific class of models and represent model risk team.

- Document MRM analysis and finding in model documents which can be presented to internal and external teams like model developers, business managers and regulators.

- Develop and maintain model risk documentation, including Model risk management policy and procedures, Model risk assessment reports, Model inventory.

- Communicating with senior stakeholders on issues, challenges, and methodologies.

- Act as a point of contact from Model Risk Management team in interactions with internal stakeholders or external stakeholders - regulatory or audit agencies as required.

Key Skills - 4 to 8 years of experience in validation of Risk and Capital Planning models.

- Work experience in a Quantitative Risk role like Model Validation in a bank or financial institution.

- Strong understanding of Regression Analysis, Factor Modelling and Statistical Testing as a part of Model Validation.

- Hands-on experience in Python, R or similar statistical programming language.

- Understanding of macroeconomics, markets, financial instruments, and their interrelationships

- Experience in managing model validation projects and consulting engagements in model validation with peer banks

Other Skills - The candidate should have attention to detail and excellent analytical, problemsolving, and time management skills.

- Oral and written communication skills in English and the ability to understand compliance policies and process assigned tasks in accordance with procedures.

- Willingness and commitment to walk an extra mile to achieve client delight and ensure high-quality output delivery within stringent timelines.

- Ability to manage own assignments independently and help the team when needed.

- Ability to work with colleagues/clients located globally, and client. Strong stakeholder management skill

Note-: official Notice period: 1-2 months not more than this. 3 months' Notice period won't work. Looking people with combination of credit and market risk models.