Model Risk Management Role - Model Validation - Investment Banking

Model Risk Management-Model Validation

We are currently hiring for client based in Mumbai .

Co Name : Leading Investment Banking MNC

Overview :

- Model Risk Management the candidate will get exposure to modeling in a wide variety of risk areas such as credit risk, market risk, operational risk etc.

- The current heightened regulatory focus on these areas and the team's broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management. Opportunities to present results to stakeholders as well as peers are numerous, allowing the candidate to widen and develop their network and reputation

Responsibilities :

- Be expected to lead and manage independent validation reviews across a wide range of core Risk Capital or other business-impact-full models used throughout the bank. Meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review - choice of modeling approach, the underlying assumptions and associated limitations, performance and optimal use of the model, etc.

- Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment.

- Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties.

- The truly global scope of model risk means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, investigating model risk and model governance standards and performing detailed validation of risk models

Must Have : Candidates for the role in the MRM team are expected to hold a first degree in a quantitative discipline, e.g. Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD.

- Tier 1 MBA/B.tech full time pass out Or MSC in Maths/Stats/Physics/Fin Engineering (Nothing beyond this will be entertained)