DG-Assistant Manager- Banking and Capital MKT- Model..

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Inviting applications for the role of Assistant Manager, Model Validation!

In this role, you will be responsible for model development, implementation & documentation.

You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, including first time validation, change based validation and annual validation of models. It will also involve development of challenger models as necessary. The role would also involve interaction with various stakeholder groups including model development, model owners/lines of business, auditors and client model validators.

Responsibilities
• End-to-end independent validation of credit risk and regulatory models – PD, LGD, EAD, Stress Testing, CECL, Credit Scorecards, AML and counter fraud models etc.
• First time (baseline), change based and annual validation
• Assess the models conceptually and quantitatively to ensure the model is suitable for the stated us
• Conduct necessary assessments to challenge the model effectively. Assess adequacy of model documentation
• Development of benchmark models using statistical/Machine Learning techniques
• Identify opportunities to enhance efficiency in model validation processes
• Assessment of the model monitoring and implementation process
• Prepare model validation report summarizing findings and provide recommendations

Qualifications we seek in you!

Minimum Qualifications
• Master’s degree or higher in Finance, Mathematics, Economics, Statistics, or equivalent experience
• Experience in BFS analytics, with experience in credit risk modeling/independent validation of models (Regression, Time Series, Competing Risk, Survival Models, Markov TPM, scorecards, etc.)
• Experience in retail and wholesale credit risk modeling
• Understanding of and experience in regulatory risk modeling/validation – SR 11-7, CECL, IFRS 9, CCAR, Basel IRB.
• Strong communication/presentation skills – written & verbal
• Self-driven, proactive, “can-do”