AVP - Model Reviewer - BFSI

AVP _Model Reviewer_ BFSI

- Business Consulting job family is structured to address business problems with quantitative solutions like building of predictive algorithms / forecasting / scenario simulations etc. Members of this Job Family are differentiated by their capability of converting a business problem into a quantitative construct, solve it with available statistical / mathematical methods (following the right rigour), engage with IT to implement and finally interpret the model outcomes in business language.

- The range of business problems may cover areas of business growth, improving customer experience, limiting risk exposure, capital quantification, enhancing internal business processes etc. They are required to, as necessary, embed agile & exploratory practices into their approach, justify the choice of appropriate methods to various internal and external reviewers.

- This talent group is expected to keep themselves apprised of latest developments and industry practices around emerging methodologies, techniques etc. and bring those in-house by applying them for better outcomes.

A business consulting job family member should be able to:

- Apply relevant analytical methods / algorithms to get actionable insights from company's internal (both structured and unstructured) and external data sources.

- Partner with IT / Data Engineering teams to create deployment road-map.

- Provide actionable solutions with clear articulation of recommendations for the business stakeholders across geographies.

- Independently manage delivery of analytics projects by working with business partners across regions / geographies.

- Actively contribute in innovative analytical solutioning for improved business performance.

Job description (Accountabilities, Major Challenges, Role context to be provided by the sub-function of respective Global Business/Global Function):

Principal Accountabilities and Responsibilities:

- Provide technical subject matter expertise and deliver technical aspects of the IMR Professional Practices activities across all model types used by company, in support of the Global Head of IMR Professional Practices.

Plan, test/assess, document and report to senior management on appropriateness of:

- Model validation standards, guidelines, playbooks and technical manuals.

- Individual model validation reports, reviewing both technical and presentational aspects.

- IMR peer review processes and outputs. This includes administering the peer review processes.

- Provide input to validation policy and validation sampling approaches.

- Provide training and feedback to IMR staff on findings from assurance reviews.

- Other activities as required by the Global Head of IMR Professional Practices.

- Work closely with colleagues in Model Risk Management to deliver IMR Professional Practices services. This will include daily interaction with members of IMR across all levels of seniority.

Skills/Experience Required:

- Master's degree in Quantitative Science (e.g. Mathematics/Statistics/Economics etc.), Engineering, or Business Administration in Finance domain.

- Good understanding of model risk management and model governance processes; experience writing model governance documents, for example policies and procedures.

- Advanced knowledge and experience of model validation tools and methods across array of different model types.

- Advanced experience of technical report writing as a model developer or independent validator, including oversight of other technical staff.

- Prior experience of providing technical assurance or auditing of model validation activities.

- Prior experience in Model Risk Audit will be a plus

- Good understanding of regulatory requirements and expectations for model risk, for example SR 11-7, and for regulatory models, for example IRB/IMM/IMA

In addition, include any other functional requirements that are applicable for this role.