AVP - Market Risk Modelling - Control & Monitoring - Investment Bank

Industry : Financial Services

Skills : Market risk modelling,model validation, model monitoring, model documentation

Job Type : Permanent

Job Description : Exciting opportunity with an investment banking setup.

Client Details :

Our client is a leading investment bank based in Chennai and they are looking for a seasoned professional to be a part of their Model Control Office within their Finance team.

Description :

Reporting into the VP and will be responsible for ensuring Finance-owned models meet the governance standards required by the firm's Enterprise Risk Management Framework (ERMF). Some of your responsibilities shall be as follows:

- Managing a model control framework within BI Finance that complies with the Model Risk Management (MRM) framework & the Enterprise Risk Management Framework (ERMF).

- Distinct from both model development and independent model validation teams, the Model Control Office (MCO) oversees the overall control environment for model risk.

- Providing subject matter expertise to support conformance with model risk policies.

- Working with model owners to ensure the following is executed according to policy: Inventory Maintenance/Attestation, Model Monitoring, Model Approval, Documentation, Model Change Management, Model Decommissioning and Model Implementation Controls.

Profile :

Some of the key requirements are as follows :

- Bachelor's/Master's degree in a numerate subject such as mathematics, physics, financial engineering with at least 5+ years of relevant experience

- Should have experience in producing high quality model documentation. In order to write the documents, the individual will need to work with all relevant teams involved in the model lifecycle to understand the scope, assumptions, limitations and controls operated by them

- Prior experience in market risk/counterparty credit risk model validation/monitoring/development is mandatory

- Excellent technical writing skills. Ability to produce high quality written communication including reviews of models, risk policies and presentations for technical and non-technical audiences.

Job Offer :

Excellent work life balance in a very meritocratic culture with leading MNC. This role would offer you variation, stability and career progression in addition to a highly competitive compensation

Page Group India is acting as an Employment Agency in relation to this vacancy.

Contact - Abhishek Kumar Priyadarshi

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