Model validation - MRM (Banking & Finance)

2 - 4 years

0 Lacs

Posted:1 week ago| Platform: Foundit logo

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Skills Required

Work Mode

On-site

Job Type

Full Time

Job Description

The successful candidate will join the Model Risk Management and Validation Group (MRM&V).

performs independent analytical reviews and validations of all models .

Responsibilities:

? Perform independent review and model validation of Artificial Intelligence and Machine

Learning (AI/ML) models;

? Conduct model architecture review, theoretical soundness assessments and performance

evaluations;

? Write validation reports containing/explaining the analyses performed and their results;

? Present the reports and findings to various review/approval committees and to other

modeling teams;

? Develop creative approaches to effectively communicate complicated concepts, model

validation results and analyses to stakeholders;

? Participate in peer brainstorm review sessions and help other MRM&V members to solve

the problems they are facing; work closely with cross-functional teams, including senior

model validators, model developers, risk officers, and business units, to ensure models are

effectively integrated into business decision-making processes.

? Represent Model Risk management team in the interactions with regulatory agencies.

Work Location

Qualifications

? 2 or more years experiences in model development or validation.

? Familiar with essential quantities techniques used in financial models.

? Quantitative programming skill (e.g., SAS/SQL, Python, R, etc.).

? Knowledge with Machine Learning algorithm in model development or validation is a plus.

? Very good communication skills (both verbal and written) as well as solid project management

skills and ability to multitask.

? Good business knowledge and familiarity with consumer/small business/commercial banking

products, operation, and credit processes.

? Prior experience with developing or validating models such as stress testing, prepayment or

profitability models will be a plus.

? Prior experience in delivering both written and verbal communications to a senior management

audience and developing constructive relationships with a wide range of different stakeholders.

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