Assistant Vice President - Model Validation - Model Risk Management - Retail Finance Domain

Role & Responsibility:-

We prefer candidates who have worked in the finance domain with quantitative modelling/validation experience that means good knowledge of financial products in addition to maths and statistics. Candidates with retail finance background is not completely relevant since their experience is related more towards credit cards. Whereas, they are looking for experience in modelling/validation within investment banking, wholesale banking and commercial banking & good experience in knowing financial products like equity, bonds, CDS's etc.

As a part of 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.

The successful candidate will:

- 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. Meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review: choice of modelling 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.-

You offer :

- Experience in finance domain with quantitative modelling/validation experience.

- Good knowledge including programming experience of software applications such as R, Matlab, SQL and SAS.

If you are interested with having a relevant exp. then please reply with all details and call me on 9784042800 for any query :

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Sunita nakum
Recruitment Specialist
Mobile: +91-9784042800
www.iarahrservices.com