Job title - Risk Model Validation Lead- Asst. Vice President  Company - Genpact  Country - India  City - Bangalore  Type - Full time  Exp - Executive  Industry - Analytics  Job Description - Focus of the Function -   GENPACT, in-sources “Actuarial, Risk and Analytics” processes. The Objective of this Genpact operations unit has to tie into the overall aims of different stakeholders. The group aims to provide a high standard of service for Insurance Actuarial and Risk Analytics and therefore its end clients.  One of the largest global insurer client is seeking qualified candidates to join as Lead in the Independent Validation Group (IVG), within the Corporate Enterprise Risk Management (ERM) function. Maintaining an effective Model Risk Management program has been identified as strategic objective by client senior management. It requires a strong team of independent model validators. Model validators review the analytics and soundness of models and provide effective challenge on large, complex models ranging from natural and manmade catastrophe models, to asset valuation models, to insurance premium pricing models to economic and other econometric models.  The detailed job responsibilities are as follows -   1. Manage a team of about 20 model validators covering high-impact economic, financial, and insurance models  2. Review the team’s work and provide technical assistance and feedback on specific model validations  3. Identify and document model deficiencies; communicate to model owners  4. Review feedback to model owners on proposed corrections to identified deficiencies and help manage the communication flow and business relations  5. Support Model Validation team’s identification and analysis of risks, creating reporting processes, escalating issues of concern, developing deliverable dates for specific initiatives and monitoring project progress  6. Contribute to periodic review and update to ERM’s model risk management policies, procedures and templates"  Desired Skills & Experience - Essential skills & background -   - M.S. /Ph.D./ Quant Science field.  - 8 to 10 years of experience in developing and validating models in preferably two of the three areas - actuarial, asset valuation and/or statistical models  - Experience within the Enterprise Risk Management space is required  - Understand risk management spectrum of services and solutions  - Strong experience using various actuarial models, (ex: MoSes, Prophet, TAS, ARCVAL, PolySystem, Emblem, ResQ)  - Practical experience developing sophisticated valuation models using industry tools (ex: Numerix, Algorithmics, Polypath)  - Regulatory experience a plus (Familiarity with CCAR / SR11-7 and other similar requirements)  - Excellent communication - verbal and written with strong Presentation skills  - Ability to engage & influence senior client stakeholders  - Strong business acumen and understanding of insurance markets/products  Company Description - Genpact is a global leader in transforming and running business processes and operations including those that are complex and industry-specific. Genpact stands for Generating Impact – visible in tighter cost management as well as better management of risk, regulations, and growth for hundreds of long-term clients including more than 100 of the Fortune Global 500 – and of those, over 10 of the top 25. Our approach is distinctive: through an unbiased, agile combination of smarter process science, targeted technology and advanced analytics, we help our clients become more competitive by making their enterprises more intelligent: adaptive, innovative, globally effective, and connected to their own clients.

Bangalore

Genpact - AVP - Risk Model Validation Lead 

Genpact - AVP - Risk Model Validation Lead  ,Job Description for Genpact - AVP - Risk Model Validation Lead  in Genpact in  Bangalore for (8-10) years of experience. Apply Now!

Job Description for Genpact - AVP - Risk Model Validation Lead  in Genpact in  Bangalore for (8-10) years of experience. Apply Now!