- Global Analytics Centre (GAC) provides analytics support to various group businesses and functions. Typical deliverables include data analysis, providing analytics insights, model development, validation, calibration, strategy development, monitoring and reporting, information management and business intelligence. The deliverables form the basis for strategic planning by the senior management for businesses and enables effective decision making to satisfy business needs and requirements along with addressing unforeseen challenges.   - The Wholesale Credit and Market Risk (WCMR) department within Group Risk measures and monitors globally credit and market risks arising from trading activity as well as credit approval for large corporate, financial institution and sovereign exposures.  - The Regulatory and Risk Analytics team within WCMR oversees the policy, models, methodology, regulatory reporting and systems for counterparty risk arising from trading activity. It also acts as a central consolidation point for key risk data and analysis such as stress tests results.  - The Basel II/III regulatory framework introduces significant regulatory requirements on counterparty risk models. Further rule changes proposed by the Basel Committee are now under consultation and will need to be implemented over the next few years. Model development, approval, implementation and maintenance are essential for minimizing RWA and credit usage. However, the regulatory requirements significantly add to the effort required.  Principal Accountabilities: Key activities and decision making areas  - Drive the model methodology, development, implementation and governance projects globally and coordinate with regions as well.  - Functionally drive the development methodologies and design the framework ensuring conceptual soundness  - Engage with credit and businesses to manage model risk.  - Attention to time schedule and resource planning, participate to panel meetings and discussion with business experts, write good quality and comprehensive documentation.  - Maintains internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.  - The job-holder's responsibilities cover the model development of all types of Basel models included in the Wholesale Credit Risk function  Customers / Stakeholders   - Group and Regional stakeholders in RRA, WCMR space covering:-  - Global Head of Wholesale Risk Analytics, Head of Group Wholesale Analytics, Head of CMB Analytics  - WMR RRA Model Validations Team across Group and Regions  - Regulatory and Risk Managers in WMR  - IT, Independent Review, Model Performance Review Panel  - CMB, GPB and Global Banking and Global Markets business lines  Risk analytics is highly technical and fast-developing owing to the regulatory pressure of Basel 2, 2.5 and 3 and the level of competition in financial markets, which demands ever more accurate and reliable measures of risk. The current market conditions, in particular, imply significant changes with regard to the understanding of the risk factors underlying different portfolios. The jobholder must maintain a good understanding and be capable of adopting new approaches and be able to explain them to non-technical counterparts. The jobholder needs to demonstrate an expertise in highly technical areas (e.g. statistical analysis, stochastic calculus) as well as deep understanding of credit business and global market products. Good understanding of market risk and traded credit risk would be an advantage. Many Global wholesale portfolios are low default portfolios for which default/loss data are scarce. This requires the jobholder to be able to propose unconventional solutions that help to overcome these natural limitations. Owing to the global scarcity of analytics resources, the jobholder will be subject to the ongoing pressure of deadlines for project completion.  The role has global reach through the scope of risk models provided to the business. The jobholder is required to work in an environment of significant ambiguity with autonomy, dealing with major issues for which there is no clear solution whilst still being able to provide judgment and clear direction. The jobholder is expected to be hands-on and demonstrate a high level of technical and managerial expertise

Bangalore

AVP - Wholesale Risk Model Development  

AVP - Wholesale Risk Model Development   ,Job Description for AVP - Wholesale Risk Model Development   in Black Turtle in  Bangalore for (9-12) years of experience. Apply Now!

Job Description for AVP - Wholesale Risk Model Development   in Black Turtle in  Bangalore for (9-12) years of experience. Apply Now!