AM/Manager - Model Validation - Credit Risk Models - BFS

Model Validation (Credit risk)

We are hiring for a leading Financial organisation based at Mumbai/ Hyderabad

Position :

Experience : 3-6 yrs in Model Validation/ development/ Model testing - For financial Services with good in SAS, Python or R programming skills

Education : B.tech/ Masters / MBA - in Economics, Mathematics, Statistics, Finance, Computer science

Role & Responsibilities :

- Responsible for being validator for a wide range of models like PD/EAD/LGD/IFRS9 models used for stress testing and other credit risk management purposes

- Review, critical assessment and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation and documentation

- Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation

- Review and critical assessment of ongoing model monitoring activities

- Provide independent review (IR) and challenge of all quantitative and qualitative processes categorized as models (Credit Risk, WS IFRS9, Capital Models etc.) under the MRM framework to a high degree of depth, as required by and detailed in the Bank's policies and standards.

- Produce high quality model validation reports, with a particular focus on noting limitations, weaknesses and assumptions

- Support the development and review conformance with appropriate policies including Group Model Risk policy.