Leading I-Bank hiring for Model Validation - Mumbai

Location : Mumbai

Desired Profile :

- Strat & Modelling teams from peer banks

- IIT candidates who have cleared FRM, CQF (Certificate in Quant Finance)

- Actuarial Science background CT 8- Stochastics Calculation

- Candidates with Hands-on experience of risk and capital modelling, derivatives pricing / structuring and broader financial modeling is desirable.

- 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.

- Experience of managing/leading teams, ideally in the context of model validation and/or financial modeling.

Job Description :

- Responsible for developing, maintaining and validating the models and methodologies used to measure credit risk.

- Work on strategies and capital estimate modeling that apply to retail portfolios across the credit life cycle.

- Reviewing of all retail credit risk models being used for acquisition, account management, behaviour, collection, regulatory, and economic capital (PD, EAD, LGD) for different retail portfolios

- Develop credit models for A-IRB implementation using logistic regression and other quantitative modelling techniques

- Work closely with the global stress testing team on methodology aspects.

- Be expected to lead and manage independent validation reviews across a wide range of core Risk Capital or other business-impactful models used throughout the bank.

- 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.

- 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.

Personal Competencies :

- Experience of PD, LGD and EAD & CCF models would be an asset

- Strong analytical and problem solving skills

- Ability to conceptualize complex and highly technical issues and commutate them effectively

- Advanced interpersonal and organizational skills.

- Proficient in the use of technical skills like Programming and Algorithms

- Team management experience would be advantageous and desirable

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.