Associate/AVP - VAP - Family Analytics & Modeling

Functional Area : Credit Risk - Retail and Commercial Models

Role : Family Analytics and Modelling

Reports To : Team Lead / AVP - Retail and Commercial Models & Analytics

Purpose of the Role :

This role is responsible to ensure timely & accurate delivery of allocated Model development related tasks in IFRS 9 or in Basel Capital Modelling in Retail and Commercial Models team. This includes delivery of BAU tasks and review of tasks done by Analysts / Sr Analysts as per the planner as well as any ad-hoc analysis requested by the on-shore team and allocated by the team lead. The Associate will be functionally leading the team in a particular stream of work and assist the Team Lead in terms of planning/ re-planning and prioritization of tasks and Resource planning, Monitoring and tracking timely completion.

Responsibilities :

Customer/ Stakeholders :

- Establish and manage relationship with the On-shore team and other stakeholders.

- Be the single point of contact for the timely and accurate delivery of tasks and related queries in the allocated stream.

- Conduct regular catch-up / status meetings with On-shore Manager/s and ensure circulation of Action points from meetings and track completion.

- Respond to internal and stakeholder queries effectively

- Guide the Senior Analysts and Analysts in the team in responding to queries

Process Delivery :

- Developing and maintaining models / methodologies for use in IFRS 9 provisioning and / or Basel capital frameworks.

- Sourcing, analyzing and preparing data in support of modelling projects.

- Well documented models that meet RBS standards and requirements.

- Delivery of all milestones to agreed dates, budget and quality standards.

- Clear and well-presented analysis.

- Effective engagement with relevant stakeholders, including Model Risk in the context of independent validation.

- Review tasks done by Analysts and guide them on their tasks.

- Should be able to do problem solving independently for issues faced in tasks allocated.

- Prepare the Monthly Planner for the allocated stream of work and re-plan / prioritize as and when ad-hoc tasks come in.

Process Improvement/re-engineering :

- Track all Process Improvement initiatives carried out by the team and keep the Manager and On-shore informed on a periodic basis.

- Identify areas of process improvement, assign and actively participate in department-wide process improvement initiatives.

- Ensure all process improvements are tested and signed off by On-shore.

Risk and control :

- Ensure 100 % compliance with RII risk & control criteria related to information security, data privacy, access control etc.

- Ensure adherence to Compliance, Risk & Control by the direct reports

- Adhere to the BCM to mitigate business risks

People Management :

- Provide feedback to Team Lead / Manager on performance of Analysts / Sr Analysts working in his / her work stream

- Act as a back-up for the Team Lead as and when required.

- Plan, Prioritize, assign tasks to the team. Re-assign reports in case of any changes.

- Monitor team utilization and report work-load issues

- Identify training needs of team members and discuss with line manager for building a training plan

- Ensure continuous Cross training to avoid dependence on specific team members.

Deliverables :

- Prepare Monthly planner and track completion and update on a regular basis.

- Ensure timely and accurate submission of BAU and Ad-hoc reports.

Dimensions : Scope of the Role

Financial :

- 80 % utilisation

- Timeliness - 98 % and Accuracy - 98 % for all reports including Ad-hoc

Line Management Responsibility :

- NA

Knowledge, Skills and Qualifications

- Educated to Post Graduate degree level in a numeric discipline (e.g. MSc Statistics / Mathematics / MBA in Finance / Masters in Economics / Econometrics) with around 3 to 5 years of experience in Credit Risk Modelling / Analytics domain

- Certification in SAS - Base SAS / Advanced SAS Certification and working knowledge in SAS Enterprise Guide is an added advantage

- Good Knowledge of Financial products, Credit Risk and Regulatory Guidelines including CRR, Basel II & III.

- Understanding and experience in data driven analysis and statistical/mathematical modelling.

- Experience of risk systems, methodologies and processes, ideally in a retail and commercial bank environment.

- Extensive SAS Skills

- Strong PC skills, ability to create databases and spread sheets using standard PC packages.

- Good verbal communication skills; strong written communication skills to enable production of high quality documentation at conclusion of modelling projects.

- Proven ability to plan and organize own workload to deliver in a challenging environment.