Vice President - Model Risk Management - Banking Shared Service

About the client:

- Company Name: Leading Banking Shared Service

- Industries: Banking / Financial Services / Broking

- Company Type: Fortune 500

- Funding Stage: Other

- Headquarter Location: Bangalore

- Nature of Offering: Captive

- Founding Year: 1927

- No of Employees: 10000+

- Independent Model Review - Independently reviewing and (re)validating models and methodologies across functions and risk types within the bank.

- Model Risk Governance - Setting the firm's model risk policies and standards as well as ensuring that model risk is managed within the approved tolerance levels.

- Model Risk Stewardship - Facilitating responsible development, understanding and use of models and analytics, as well as providing subject matter expertise, advice, guidance, and effective challenge across regions, businesses and functions.

- Regulatory Standards and Quality Assurance - Providing expertise and partnering to Senior Management for reviewing and decision making, by developing opinions and interpretations of relevant regulatory changes impacting model risk.

- Infrastructure - Providing Global Model Inventory System (GMIS) management, maintenance and user engagement, along with report production and technology enhancements.

- Independent Model Review - Independently reviewing and (re)validating models and methodologies across functions and risk types within the bank.

- Model Risk Governance - Setting the firm's model risk policies and standards as well as ensuring that model risk is managed within the approved tolerance levels.

- Independent Model Review (IMR), is a specialist quantitative team and are responsible for carrying out independent validations of new and existing business use of quantitative models, to identify and communicate model risk.