Assistant Vice President - Model Development/Model Validation - BFS

Incumbent would be supervising a core team of experienced professionals whose primary function would be :

- Performing Model Validation and Model monitoring

- Maintain all Validation and Monitoring reports in the inventory.

- Supervise closure of all action items raised as part of Validation and Monitoring findings.

- Review of Fitness of Purpose of Existing and New models from Business and Regulatory standpoint.

- Identify Key risks/limitations and propose Actions items for Model Development team.

- Strictly track Model Validation and Model Monitoring calendar approved by Group. Conduct regular communication and required escalations on timely basis to avoid delays and subsequent Red flag from Auditor.

- Maintain repository of Model Validation and Model Monitoring reports. Record all key stakeholder discussions as part of Governance.

- Collaborate with Group Risk Model development team to remediate observations.

- Work closely with onshore team, external auditors, regulators and internal audit to resolve modelling observations as shared responsibility

Qualification :

- A Masters/Bachelor's degree in quantitative fields (i.e. Physics, Mathematics, Statistics, Finance, Economics or engineering), or equivalent professional experience and/or qualifications.

Experience :

- Minimum 12 Plus years of relevant experience model development, validation and Monitoring role.

- Strong quantitative and risk management experience

- Should have experience in managing a team of experienced modelling professionals particularly Model Validation and Monitoring.

- Should have hands-on model development & validation experience on decision models (Application, Behavior and Collections), Regulatory (IFRS9 - PD, EAD and LGD)

- More than 5 years of hand-on experience in Python/SAS/R,

- Machine learning model development experience (Random forest/ XGBoost, NLP and Deep learning in financial institution set up) is a plus