VP - Risk Model Validation - Investment Bank

Role: VP-model risk management - validation

Location - Mumbai

Company - Leading Investment Bank

Role and Responsibilities:

- Be expected to lead and manage independent validation reviews across a wide range of core risk capital or other business impactful models used throughout the bank. Meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review: Choice of modelling approach, the underlying assumptions and associated limitations, performance and optimal use of the model etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm wide model risk and control assessment.

- Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

- The truly global scope of model risk means that this role will involve working with incredibly broad group of stakeholders from every part of the firm, investigating model risk and model governance standards and performing details validation of risk models.