We have an excellent opportunity with one of our BFSI client for Business Analytics Consultant-4 in Bangalore location.

Job Summary

Department Overview:

Corporate Model Risk: Corporate Model Risk is responsible for independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring, and reporting on aggregate model risk exposures, model validations, and model oversight across enterprise). This oversight extends to all phases of a models life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement.

Qualitative Model Validation: The Qualitative Model Validation group is responsible for validating and approving all qualitative models used across including Credit, Liquidity, Market, Operational, Pre-Provision Net Revenue (PPNR), Finance, Balance Sheet, and Financial Crimes to name a few. The teams responsibilities include performing model validations (independent reviews, writing validation reports, and approving model usage), annual reviews, performance monitoring, and issue management. The team works closely with model users, developers, model governance, and Corporate Functional Model Oversight (CFMO) teams to manage model risk to the firm and facilitate the model approval process.

About the Role:

As Business Analytic Consultant 2,  you are responsible for the quality, and completion of model validation to support business activities in Liquidity risk, including Stress Testing (DFAST/CCAR) and Resolution Planning as applicable.

Responsibilities:

Specifically this individual will have responsibility to:

- Execute the Validation processes for his/her area of specialty in accordance to applicable Policies, in particular:

- Ensure credible challenge of models through validation process.

- Evaluate all relevant components of models and assess model soundness across lifecycle as applicable

- Identify areas of weakness and work with Model Owners, CFMO, and other key stakeholders to ensure risk commensurate remediation,

Ensure timely validation delivery

- Establish reporting and escalation protocols of review results and follow up on identified issues/observations.

- Continually work to improve consistency and quality of independent model validation

- Ensure all models within scope are independently validated per expected standards and schedule.

- Build and maintain effective working relationships with LOB Model Governance, Model Owners, Model Program team members, and CFMOs across .

- Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices

The Candidate:  This individual will have experience liquidity to facilitate credible challenge of the processes/models. Successful candidates will be articulate and capable of building collaborative working environments

Essential Skills:

- 2+ years of experience in liquidity risk, capital oversight for a large multinational bank or large US bank or major consulting firm

- Degree in statistics, math, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis preferred

- Experience in  any of the following: Liquidity Risk Management, Financial Planning and Performance Management, Operational Risk Capital, Capital Management Oversight

- Understanding of Banking Balance sheet dynamics: (I.e. relationship between tax values and book values, multiple currency dynamics)

- Understanding on key drivers of liquidity in a complex banking environment and key regulatory requirements for key liquidity metrics.

- Experience/understanding of debt product dynamics (changes in spread in stress scenarios)

- Understanding of regulatory capital requirements in US Banking regulation and/or Basel III requirements including Operational Risk, Liquidity Risk and Tax.

- Proficiency managing databases, spreadsheets, and programming (understanding code and coding).

Desired Qualifications:

- Strong analytical skills with high attention to detail and accuracy

- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

- Experience in producing work of highest quality within tight timelines, as well as creating, maintaining, and supporting processes subject to intense regulatory scrutiny

- Excellent communication skills and experience in building and maintaining partnerships, collaborating across lines of business as well as with corporate partners

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