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Business Consultant - Model Validation/Governance/Development - Bank (2-7 yrs)
Job opportunity for Business Consultant for Model Validation/Governance/Development with leading MNC Bank @ Bangalore (2-7 yrs)
- Experience with model validation or model development or model governance is mandate
- Experience with python or R or SAS is mandate
CTC: 12LPA to 18 LPA
About the Role:
The Qualitative Model Validator will be responsible for the quality and completion of model validation to support business activities primarily in the area of Credit Risk or Financial Crimes or Market Risk or PPNR Model Risk or Liquidity / Wholesale Risk.
Responsibilities:
- Ensure credible challenge of models through an independent validation process by evaluating all relevant components of models, identifying areas of weakness, working with key stakeholders like model owners to ensure risk commensurate remediation and timely delivery
- Establish reporting and escalation protocols of review results and follow up on identified issues/observations.
- Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices
- Continually work to improve the 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.
Essential Qualifications:
- University degree in statistics, math, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis preferred.
- 2+ years of experience in one or a combination of these areas: Finance, Risk Analytics, Fraud Forecasting, Financial Crimes, Operational Risk, Credit Risk, Market Risk, Wholesale & Liquidity Risk or Audit within Financial Services Industry
- Strong analytical skills with high attention to detail and accuracy.
- Excellent communication (verbal and written) skills and experience in building and maintaining partnerships, collaborating across lines of business as well as with corporate partners.
- Experience in producing work of highest quality within tight timelines, as well as creating, maintaining, and supporting processes subject to intense regulatory scrutiny.
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
Desired Qualifications:
- Proficiency managing databases, spreadsheets, and programming (Knowledge of SQL, SAS and R).
- Ability to apply strong analytical skills and critical thinking to a diverse population of model types.
- Prior model validation or model risk management experience is preferred.
Apply or call @ 8297961110
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