Senior Advisor - Model Risk Management

As a Senior Advisor in Model Risk Management at First Citizens India (FCI) office in Bangalore, you will play a crucial role in supporting the global Model Risk Management (MRM) program. Your responsibilities will include ensuring that models are appropriately designed, implemented, and managed, covering aspects such as conceptual soundness, model performance monitoring, governance, tuning, and validation. Working within the Model Risk Management (MRM) team, you will conduct independent model validations to align models with business objectives and design objectives. Your role involves verifying that models are performing as expected, identifying potential limitations, and assessing their impact. Additionally, you will be responsible for conducting annual reviews and ongoing monitoring to ensure that the models are functioning as intended. Your key deliverables will include comprehensive model validation, analyzing model inputs, evaluating model frameworks, reviewing model code, analyzing outcomes, identifying and mitigating risks, documenting and reporting findings, supporting audit and regulatory reviews, continuous learning and improvement, and interacting with key stakeholders throughout the model lifecycle. To excel in this role, you should have a strong understanding of regulatory requirements related to stress testing and capital planning, experience with statistical tools like Python and R, proficiency in SQL for data extraction, excellent problem-solving skills, attention to detail, and strategic planning abilities. Strong written and verbal communication skills, stakeholder management skills, organizational skills, and the ability to collaborate effectively with team members are essential. The ideal candidate will hold a relevant Bachelor's or Master's degree with a preference for specialization in Statistics, Mathematics, Economics, or another quantitative discipline. Additionally, you should have at least 2 years of experience in model development, model validation, or model implementation within the financial industry, proficiency in statistical methods and programming languages, knowledge of financial services/banking domain, and a strong understanding of model development and validation testing techniques. Relationship-building and collaboration with key stakeholders, including model users, owners, vendors, Model Risk Governance, and other Validators, are crucial aspects of this role. You will also be required to build relationships with data scientists, Audit, and third-party vendors to ensure effective performance evaluation and validation throughout the model lifecycle. At First Citizens India, we are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage of the process, please let us know, and we will work with you to ensure a seamless experience. We are an equal opportunity employer, dedicated to fostering a diverse and inclusive work environment.,