Senior Manager | Model Risk Audit

Company Description

Axis Bank is the third largest private sector bank in India, offering a comprehensive range of financial services to diverse customer segments, including corporate, MSME, agricultural, and retail businesses. With a robust domestic presence of 5,000 branches and 15,751 ATMs and cash recyclers, as well as an international network across eight locations, the bank delivers seamless banking solutions globally. Established in 1994, Axis Bank has demonstrated consistent growth, with a balance sheet size of INR 13.17 lakh crores as of March 31, 2023. The bank is recognized for its innovative products and customer-first approach, supported by a dedicated team of over 1,500 Virtual Relationship Managers through its Virtual Centres.

Role Description

• Independent audit & validation of models across PD, LGD, CCF, IFRS 9, Economic Capital, Stress Testing, and RAROC
• Review of Scorecard design, monitoring, and performance validation
• Audit coverage across Early Warning Systems, Corporate & SME models, and other quantitative frameworks
• Ensure model governance, regulatory compliance, and control effectiveness

Qualifications

• Master’s in Statistics / Economics / Finance or MBA (Quantitative specialization)
• 4+ years of experience in model risk management / validation / audit (PD, LGD, ECL, IFRS9, scorecards)
• Proficiency in SAS / Python / R / Big Data
• Strong analytical, risk control, and stakeholder management skills