KRA:  - Model risk audit projects review and test all aspects of model design, implementation, performance and validation processes operated by the bank’s model development and validation functions.  Model risk audits typically include:  - Review and assess the model development and independent model validation performed by review and testing of the development and validation processes and documentation  - Investigating key aspects of each model under review, incl. model documentation, model selection, input data, theoretical construction, implementation (independent calculation) and model governance (inventory related models, issues, escalation, agreed actions, approvals/limitations and/or conditions of use)  - Participation in working groups addressing modeling issues and the model control environment  - Reviewing findings with colleagues in different audit groups including business and subject matter experts  - Developing appropriate controls to mitigate for model risk and residual uncertainty  - Documenting the testing performed  Desired Candidate Profile:  Candidates for the role in the Internal Audit Model Risk team are expected to have the following:  - A first degree in mathematics, physics, engineering, finance or econometrics and ideally a Masters or PhD in one of those areas or finance. Experience in data analysis and management, and trading risk management systems would be an advantage  - Hands-on experience of model 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 notworked in the financial sector  - Experience in model risk assurance activities (internal/external audit, independent validation or regulatory environment) would be an added advantage  - Strong communication and writing skills (fluency in English is a prerequisite). Excellent knowledge in risk management, quantitative analysis and software applications (such as Matlab and S-PLUS)  - Candidates should be self-motivated, disciplined, task focused, able to structure their work and have a proven record of delivering high quality results to strict deadlines

Mumbai

Internal Risk Auditor 

Internal Risk Auditor  ,Job Description for Internal Risk Auditor  in Antal International Network in  Mumbai for (1-5) years of experience. Apply Now!

Job Description for Internal Risk Auditor  in Antal International Network in  Mumbai for (1-5) years of experience. Apply Now!