Vice President - Credit Model Development - BFS

VP - Credit Model Development (Permanent Work from home)

Role Summary/Purpose:

The team is looking VP, credit model development. The role requires an experienced credit risk professional who has proficiency in model development and model lifecycle management across the entire lifecycle of a credit. The experience should focus on both credit risk and fraud (preferably in Credit Cards or Consumer Lending). The role requires the individual to have a combination of statistical/quantitative as well as software/programing skills using big data. The incumbent will manage a team and serve as a Project Lead in developing robust and cutting-edge modeling solutions by executing on key responsibilities outlined below. Reporting to the Credit India Leader, this role presents unique opportunity for a well-rounded candidate to display strong characteristics of model development, thought leadership, project and team management, analytic excellence, and business acumen. The person will approach projects with analytical rigor, leading their team by example, appropriately prioritizing deliverables and continuing upskilling their team's knowledge base to advanced techniques & technologies. The projects involve big data and complex statistical & econometric models. This position is remote, where you have the option to work from home. On occasion we may request for you to commute to our nearest office for in person engagement activities such as team meetings, training and culture events. To ensure the safety of our colleagues and communities, we require employees who come together in-person to be fully vaccinated. We're proud to offer you choice and flexibility.

Essential Functions / Responsibilities:

- Support the design, development of consumer credit statistical / econometric models supporting credit risk and fraud models across the entire lifecycle of credit from acquisition, account management, collections, and recovery

- Adapt automation, alternative data and machine learning algorithms, data frameworks and implementation platforms to enhance the modelling outcomes and to meet incremental objectives

- Assist with successful annual quantitative and qualitative assessments/remediations and submission of existing models with respect to internal (model validation/audit) and external (regulatory) guidelines

- Convert business requirements into modeled solutions, enhancing efficacy and generating insights

- Seek out opportunities for model improvements, collaborate on model re-calibrations, and re-fits when business dynamics change

- Visualize insights, performance, and trends in inputs/outputs for effective communication and decisioning

- Operate as a doer-leader, manage a team, with a focus on prioritizing deliverables / timelines, upskilling talent to latest techniques and technologies, as well as providing cross functional experiences

- Providing technical guidance to a team of modelers and data analysts. There is a significant amount of collaboration and communication with the senior leadership in executing critical risk prediction models.

- Collaborate with cross functional teams, across the globe - Model Development, Data Infrastructure, as well as Business

- Perform other duties and/or special projects as assigned

Qualifications / Requirements:

- Bachelor's degree with quantitative underpinning (i.e., Mathematics, Statistics, Finance, Economics, OR, Engineering) with minimum 8 years of relevant experience in Risk or Credit o Consumer Lending; OR in lieu of a degree, 10+ years of relevant experience in Risk or Credit or Consumer Lending.

- Strong programing skills in SAS, SQL, Python. Proven hands-on experience utilizing using either SQL, Python, SAS etc. to perform statistical analysis, query relational databases, and manage large amounts of data

- Experience in credit risk and fraud model development end-to-end in areas such as application scorecards, behavioral models - account and customer level, roll rate prediction models, self-cure models, recovery model etc.

- Experience managing a team of data scientists and/or model developers and providing thought leadership to support model development activities

- Strong communication skills to facilitate complex discussions in productive and collaborative manner positive mindset under tight timelines / critical deliverables

Desired Qualifications:

- Strong working knowledge of transactional and credit bureau data e.g., FICO, Transunion, Equifax as well as knowledge of alternative data sources to enhance model development

- Experience in data visualization (Tableau) and reporting solutions

- Excellent time management with ability to manage multiple competing initiatives and deliver results within deadlines with accuracy and attention to detail

- Familiarity with US Model Governance trends/developments across the banking sector and credit policies in the area of credit cards