Principal Advisor - Model Risk Management

The Model Risk Management (MRM) team at FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., is dedicated to providing oversight for the MRM Framework, ensuring that models align with business objectives and design objectives. As the Principal Advisor - Model Risk Management (MRM), you will be responsible for conducting independent model validations to verify that models are performing as expected and to identify potential limitations that could impact their effectiveness. In this role, you will play a crucial part in ensuring that models are appropriately designed, implemented, and managed, in line with regulatory standards and best practices. Based out of the First Citizens India (FCI) office in Bangalore, you will report to the Associate Director of Model Risk Management, India, and collaborate closely with the global MRM team. Your primary responsibilities will include conducting comprehensive model validations, analyzing model inputs, evaluating model frameworks, reviewing model code, analyzing outcomes, identifying and mitigating risks, documenting findings, and supporting audit and regulatory reviews. You will also be expected to stay updated on emerging trends and contribute to the enhancement of the model validation framework. To excel in this role, you should have a strong understanding of regulatory requirements, experience with statistical tools like Python and R, proficiency in SQL for data extraction, excellent problem-solving skills, attention to detail, and the ability to lead projects independently. Strong written and verbal communication skills, strategic planning skills, stakeholder management skills, and the ability to collaborate effectively with team members are essential for success in this position. The ideal candidate will hold a relevant Bachelor's or Master's degree with a specialization in Statistics, Mathematics, Economics, or another quantitative discipline. Additionally, you should have at least 7 years of experience in model development, model validation, or model implementation within the financial industry, with proficiency in statistical methods and programming languages. Experience in model development or validation for Treasury models, PPNR models, Balance sheet forecasting models, ALM models, Valuation models, Counterparty credit risk models, or knowledge of statistical and machine learning models would be advantageous. If you are passionate about model risk management, possess the required skills and experience, and are looking to be part of a dynamic and collaborative team focused on delivering value and managing risks, we encourage you to apply for this exciting opportunity at First Citizens India.,