Model Risk Management

Natixis Corporate & Investment Banking (CIB) is the corporate and investment banking arm of Group BPCE, the second largest financial institution in France. Natixis Global Services India (NGSI) is a wholly owned subsidiary of Natixis SA and is fully integrated into Natixis CIB, serving as the new innovation and technology hub in the APAC region. As a center of expertise, NGSI focuses on delivering operational services such as Global Financing Operations, Global Market Operations, Information Technology, and other functions. The primary goal of NGSI is to support the Natixis CIB Asia Pacific client experience strategy and enhance operational efficiencies through innovative technological solutions while ensuring platform resiliency. The role entails various responsibilities and duties, including but not limited to: - Developing, implementing, and maintaining a robust model risk governance framework. - Enhancing model risk management policies, procedures, standards, and templates. - Conducting quality assurance assessments of APAC model validations against MRM policies and SR11-7. - Designing and implementing first level controls around model risk management processes. - Assisting in other model governance activities. - Collaborating with LOD1 on controls related to model development, implementation, and ongoing monitoring. - Facilitating internal audit, regulatory exams, and internal controls. - Maintaining awareness of regulatory developments and industry best practices. - Adhering to the MRM policy, procedures, and handbooks. The ideal candidate should possess the following qualifications: - A Master's Degree in Finance, Economics, Mathematics, Quantitative discipline, or Statistics. - Minimum of 5 years of experience in the banking industry with at least 3 years in Model Risk Management (model governance, model validation, model design, or quantitative). - Experience with Market Risk pricing and valuation models is preferred. - Proficiency in programming languages such as VBA XL, Python, and SAS. - Knowledge of banking and financial regulations in the MRM area, including familiarity with regulatory bodies like the Federal Reserve Bank and the Office of the Comptroller of the Currency Supervisory Letter 11-7. Knowledge of European and international regulations is a plus. - Strong organizational and analytical skills are essential. - Excellent written and verbal communication skills. - Ability to collaborate and work closely with business stakeholders at all levels of seniority. - Capability to thrive in a fast-paced environment and meet established deadline requirements. - Self-motivated with the ability to work independently. In summary, the role at Natixis Global Services India offers a challenging opportunity to contribute to the development and maintenance of a robust model risk governance framework within the dynamic environment of Natixis CIB Asia Pacific. The ideal candidate should possess the necessary qualifications, experience, and skills to excel in this role.,