Genpact - Model Validation

Job Description: Model Validation

As a member of the Global Model Validation Group of one of the Genpact clients (leading financial services company in the US), the person in this role is responsible for providing independent model validation of different Model classes across Commercial (B2B) and Consumer domain - Credit Risk, ALLL, Economic Capital, Stress Testing, Valuations, Pricing, Finance, Insurance etc.

Role/Responsibilities:

- Lead independent reviews and validation of models.

- Critically review models from a theoretical standpoint, assess soundness of the development process and identify any weakness/shortcomings or potential issues with approach used.

- Document validation results and present to review group for approval

- Develop/enhance model validation framework for different types of Models within a Model class

- Perform adhoc risk analytics to measure portfolio risk and risk by product type accurately

- Actively support regulatory communication from Model Risk Management standpoint

Basic Qualification:

- Ph.D in Statistics/Econometrics/Mathematics from reputed institute is mandatory

- Knowledge of statistical model lifecycle management, including proficient level of expertise with at least one statistical modeling language/utility - SAS / R / Matlab

- Excellent analytical skills in risk background

- Strong written and oral communication skills

- Excellent presentation & interpersonal skills

Desired Qualification:

- Experience in Risk/Finance domain with exposure to development/validation of models within Banking and Financial services industry.

- Understanding of Regulatory requirements (SR letter 11-7 standards, OCC guidelines, BASEL II & III) from Model Risk Management perspective.

- Self-starter with ability to work independently in a fast-paced and regulated environment and deliver solid action-oriented results under tight deadlines.

- Ability to write technical papers/documents.

- Project management experience