AVP - Model Risk Manager

We are looking for people who are investigate model risk and model governance standards and perform detailed validation of risk models/ model risk remediation and assessments.

Position : AVP

Organization : Investment Banking

Job Location : Mumbai

Department : Model Risk Management

Desired :

- A bachelor's degree in a relevant discipline; post graduate qualifications (Masters in Finance, MBA, etc.) preferred.

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

- Additional certifications such as CFA, FRM, PRMIA, etc.

- At least 5-8 years of practical experience in the financial services industry. Business risk (eg. Market/Credit/Operational/Enterprise) and/or project/program/change management

- Proficiency in Excel is required for data analysis and report generation, along with the ability to develop compelling PowerPoint presentations.

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

- Interested in financial modelling, business process and banking regulations.

- Experience of risk and capital modeling, derivatives pricing and/or broader financial modeling.

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

Roles :

- Identifying and managing model risk across the bank, including leading independent reviews of models, meeting business needs and regulatory expectations, with responsibility for highlighting key aspects of models under review.

- Supporting Model Risk Management Program roll-out and the Business As Usual (BAU) process of establishing strong model governance across the firm's businesses.

- Supporting the MRM management team to establish or review internal processes, such as tracking of tasks and project status, and to achieve its goal of delivering a business-focused, regulatory compliant model risk management framework at the organisation

- Model re-mediations for setting improved local controls, governance, documentation, preparing models for independent validation, following up with corrective action plans through model owners.

- Conducting periodic model risk and control assessments.

- Effectively using model inventory database for model risk reporting, establishing new processes for model annual reviews using model inventory infrastructure.

- Be and remain up to date on regulatory requirements and adapt those requirements through model documentation templates, infrastructure and model risk policy reviews.

- Supporting CRO self-assessment programs, regulatory feedback gap analysis.

- Planning and stakeholder engagement, results interpretation and presentation.

- Continuous interaction and collaboration with stakeholders from a wide range of internal business areas, internal and external audit as well as regulatory authorities.

- Responsibility for the creation of model risk reports, including presentation of validation reports for the attention of senior management, regulatory authorities, and model stakeholders.

- Task tracking and management, data management, stakeholder management, developing reporting processes, etc.

Ankita Mishra
Talent advisor
Enigma Human Capital
9807673995

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