Associate Manager - Credit Risk Analytics/Modeling & Monitoring - Bank

Opportunity with one of global banking MNC in Bangalore location.

Designation- Associate Manager

Opportunity 1. Experience-1 yrs to 6 yrs

Experience in Credit Risk Model Development with hands-on experience in either IFRS9 or IRB guidelines in Retail or Wholesale portfolios.

Job Location- Bangalore

Any programming language exp like SAS, R, Python. SAS is preferred.

Opportunity 1.

The Role Responsibilities & Our Ideal Candidate

This position is for an Associate Manager with an advanced degree in a quantitative discipline; it requires experience and proficiency in areas of statistics, applied mathematics, SAS programming language and a good understanding of retail banking / small business lending businesses. The individual will use these skills in the development of risk/credit scoring models and other risk analytics in retail banking / small business lending portfolios. Responsibilities include developing statistically derived predictive models, perform decision tree based customer segmentation & profiling analyses, assist business implementation of sophisticated scoring models

Qualifications:

- Bachelors / Advanced (Masters or higher) Degree in Statistics, Applied Mathematics, Operations Research, Economics, Engineering or another quantitative discipline

- Good understanding of retail banking / small business/consumer finance products and business life-cycles (e.g. sales, underwriting, portfolio management, marketing, collections...)

- Experience in quantitative analysis & statistical modeling in credit risk/marketing/portfolio strategy for retail banking / small business/consumer finance portfolios

- Proficient statistical programming skills in SAS (preferred) or similar, strong analytical skills and understanding of quantitative and statistical analysis

- Hands-on experience in mining data and understanding data patterns

- Demonstrated proficiency in scorecard development is a plus

- Experience in directly interacting with Business and exposure to International markets will be a plus

Competencies :

- Analytical / Strategic / Conceptual thinking

- Attention to detail

- Problem-solving

- Verbal/Written communication

- Presentation skills

- Highly motivated, organized and methodical

- Experience in model monitoring and model validation.

- Any portfolio experience like Retail or Wholesale.

Job Location : Bangalore

- Any programming language exp like SAS, R, Python. SAS is preferred.

For Model monitoring role

The Role Responsibilities :

Strategy

- Understand IFRS 9 account level and portfolio level models for secured and unsecured retail and wholesale portfolios.

- Understand IRB (Basel internal rating based) models; including the components such as PD, LGD, EAD for secured and unsecured retail portfolios of the Bank

- Understand the difference between different IFRS 9 approaches i.e. sophisticated account level vs. simplified portfolio level

- Understand the requirements of periodic model performance assessment and monitoring

- Understand the IFRS 9 model and IRB model functionalities and the data required to perform period model performance assessment and monitoring

- Own IFRS 9 and IRB portfolios and perform periodic model monitoring

- Present IFRS 9 and IRB monitoring results to internal risk committees and senior management

- Perform exploratory analyses to answer committee and senior management questions

- As IFRS 9 or IRB models are redeveloped, update the model monitoring procedure to reflect the redeveloped models. Work closely with model development team to understand model functionality and translate model development codes into model monitoring codes.

- Maintain and continue to upgrade the monitoring process based on modeller, model users and regulatory feedback

Business :

- Ensure to test the model performance in order to determine whether the model outputs are fit for purposes not only for regulatory capital and ECL estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy design

Processes :

- Participate in relevant model monitoring implementation and its user acceptance test to ensure monitoring tests are appropriately implemented

People and Talent :

- Lead through example and demonstrate the bank's culture and values.

Risk Management :

- Understand Model related uncertainty risk such as data, regulatory, business strategy, that have a direct impact on the model's performance.

Governance :

- Ensure the monitoring process meet the Model Risk Policy and Model Family Standards

- Provide timely and high-quality responses to both internal and external queries and requests

- Regulatory & Business Conduct

- Display exemplary conduct and live by the Group's Values and Code of Conduct.

- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

- Be compliant to home and host regulatory requirements on modeling

Key Stakeholders :

- Retail Enterprise Risk Analytics, Group Model Validation, Model Risk Management, IFRS 9 ECL team

Our Ideal Candidate

- Experience in quantitative analytics with a clear ability for understanding the model and analysing data

- Analytical and independent thinker with strong written and verbal communication skills

- Knowledge of banking risk management and Basel/CRR/EBA/IFRS 9 would be a plus.

Apply now to join the Bank for those with big career ambitions.