AVP/VP - CRM Model Development - Stress Testing - Investment Bank

Job description : 

We have an excellent opportunity with one of our clients, Investment Bank in Mumbai location for the role of CRM Model Development. Please find below the details :

Designation: AVP/VP CRM Model Development-Stress testing

Location: Mumbai

Exp: 6+ Years

Description:

- Develop and enhance current stress testing framework and methodology and ensure they are compliant with regulators and appropriate for internal risk management

- Actively participate in the remediation work to improve current stress testing methodology, particularly in relation to CCAR.

- Driving Regulatory framework changes relating to Stress Testing; working closely with Business and Senior Management to ensure fit for purposes methodologies for key portfolios of interest.

- Design methodology to calculate scenario exposure for both the trading and banking books in the context of CCAR, LPA, ICAAP, FWST.

- Manage key stakeholders (e.g. Senior Management, Credit Risk Managers, and Enterprise Risk Management) by answering their requests, assuring an efficient cooperation within different departments, maintaining a strong communication and by explaining at a suitable level movements and drivers of the various models and approaches used within Counterparty Credit Risk.

- Support the strategic scenario infrastructure initiative; define and document business requirement for counterparty credit risk stress testing for strategic implementation.

Qualifications-

- Strong technical skills, thorough knowledge of credit risk and derivative products with relevant banking/financial products experience

- Bachelors or Master's degree in quantitative or relevant discipline preferred

- A good understanding of external regulations and their impact on stress test methodologies and business portfolios

- Knowledge of database and mainstream programs (Access/Excel) and some programming skills (VBA, C++, etc.) is an advantage

- Good analytical problem solving skills in a banking, financial markets or consulting environment.

- Strong verbal and written communication skills, with an ability to explain analytical issues and synthesize complex analyses in a form that is appropriate for management interactions.

Nithiya Shankar
Credence HR Services