8 - 13 years
25 - 40 Lacs
Posted:3 months ago|
Platform:
Hybrid
Full Time
Job Position - Model Risk Management (Model Development / Model Validation) + Credit Risk or Fraud Risk Open Levels - Sr Engagement Manager / Assistant Director Experience - 8 Years - 16 Years Locations - Chennai / Bangalore / Hyderabad - Hybrid Mode Notice Period - 0- 30 Days Only or Immediate Joiners Job Responsibilities: 1. Monitor and validate aggregate model risk in alignment with bank's risk strategy 2. Perform independent validations of financial, statistical, and ML models commensurate with their criticality ratings 3. Assist with the validation and review of models regarding their theoretical soundness, testing design, and points of weakness 4. Interpret data to recognize any potential risk exposure 5. Development of challenger models that help validate existing models and assist with outcome analysis 6. Ensure compliance with the model risk monitoring framework 7. Evaluate governance for Model Risk Management by reviewing policies, controls, risk assessments, documentation standards, and validation standards Required Qualifications, Capabilities and Skills: 1) Degree Graduate/master's degree in statistics, econometrics, mathematics, computational finance, or similar 2) Deep knowledge in Quantitative methods / econometrics/ statistics. Desired Experience: 1) Experience in a quantitative risk function 2) Prior experience in Model Validation /development in Banking domain 3) Good working knowledge of, Python and SQL, Machine learning, exploratory data analysis 4) Good Report writing skills Desirable Skills: 1) Prior experience in development/validation of statistical model in Fair lending/Credit risk/Anti money laundering 2) Good to have experience in building risk models related to Organization and Behavior scorecard 3) Hands on Development experience in python/py-spark/ SAS
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