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08/12 Rajlakshmi Bhattacherji
Client Partner at Praaxis Search Pvt Ltd

Views:8642 Applications:87 Rec. Actions:Recruiter Actions:5

Assistant Vice President - Model Risk Management - BFSI (3-6 yrs)

Mumbai Job Code: 284185

Role Description :

The successful candidate will :

- Be expected to lead and manage independent validation reviews across a wide range of core Risk Capital and CCAR models used throughout the bank, meeting business needs and regulatory expectations, with responsibility for investigating key aspects of each model under review: choice of modelling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring, as well as contribute in the firm-wide model risk and control assessment.

- Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

- Create model risk reports, including authoring and presentation of validation reports for the attention of senior management, supervisory authorities, and model stakeholders

- The truly global scope of model risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, investigating model risk and model governance standards and performing detailed validation of risk models.

Desired Profile :

- Candidates are expected to hold a first degree in a quantitative discipline, eg. Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD.

- At least 4 years of practical experience in financial modelling. Hands-on experience of risk and capital modeling, derivatives pricing and broader financial modeling is desirable, but regardless of experience all candidates should be able to demonstrate an understanding of capital modeling, financial and derivative products and mathematics, from private study if they have not previously worked in the financial sector.

- Client focus and the ability to communicate effectively with senior stakeholders, including the ability to explain complex topics to a diverse range of audiences.

- Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results to strict deadlines.

Desirable :

- Experience in data management and analysis or in Front Office IT would be an advantage.

- A general understanding of global regulatory requirements is desirable to be a credible counterpart given the huge and challenging variety of models in scope.

- Good knowledge including programming experience of software applications such as R, Matlab, SQL and SAS.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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