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11/06 Priya
HR Consultant at Credence HR Services

Views:3564 Applications:59 Rec. Actions:Recruiter Actions:44

Consultant - Credit Risk/Model Validation - Bank (5-12 yrs)

Bangalore Job Code: 708007

Summary -

The Risk Control group within the Corporate Risk department provides comprehensive coverage of the model risk management programs and is in charge of the model validation and supporting governance of all quantitative models used in the Bank. The Risk Control group oversees the enterprise-wide model inventory, including credit risk, market risk, capital allocation, and operational risk.

The Model Validation Quality Assurance role provides a unique opportunity of making an impact on the overall model risk management framework. The individual will work closely with the model validation team and the model governance team within the Risk Control group and is expected to provide quality assurance in support of effective model risk management and compliance with regulatory requirements.

The individual will also be expected to conduct/contribute to model validation reviews when needed.

The successful candidate will gain broad exposure to the new bank regulatory environment, enhance/apply technical knowledge through model validations, and will have the opportunity to make a contribution to company's evolving model risk program.

Responsibilities -

1. Assist in reviewing the overall model validation process, and the related output to ensure continuing adherence to the Model Risk Management policy and regulatory requirements.

2. Advise on model materiality tiers and setting up of validation standards commensurate with models- materiality. Help achieve validation consistency across different models of similar risk types and materiality tiers.

3. Review the validation scope and related regulatory requirements, including MRA/MRIA/audit findings, to ensure that the validation scope adheres to those.

4. Ensure model validation provides affective challenge during project validation.

5. Identify and implement consistent standards across validation findings and final model rating.

6. Develop, document, and maintain project milestones to ensure validation projects are completed on time.

7. Conduct a periodic end-to-end audit of a validation project to assess potential gaps in quality.

8. Conduct hands-on evaluation of models proposed by the company's risk and business units. This includes assessing model risks by performing detailed model validation reviews, evaluating performance thresholds, researching model approaches and creating alternative models.

9. Communicate findings to model owners and management, and ensure those findings are addressed appropriately.

Required Knowledge/Skills:

1. Strong attention to details, action, and solution-focused. Ability to focus on deadlines and deliverables; able to grasp the - big picture- and how the details fit into the overall goal.

- Excellent project management, time management and communication skills.

2. A good understanding of statistical principles (e.g. estimation, hypothesis testing) and modeling techniques (e.g. OLS, logistic regression, time series analyses).

3. Strong conceptual and technical knowledge of risk concepts and quantitative modeling techniques.

4. Recent programming knowledge in SAS or R is required.

5. Experience in CCAR model development/validation is highly preferred.

6. Understanding of regulatory requirements such as US Final Rules, CCAR/DFAST, SR 15-18/19, and SR11-7 is highly preferred.

Requirements :

1. 5+ years of relevant hands-on Model validation experience in financial services.

2. MS/MBA in a quantitative field.

If you find job opportunity is suitable for you then please revert with your updated resume along with below-mentioned details:

Current CTC -
Expected CTC -
Notice period -
Direct reportees or IC role -
Reporting to (Only Designation) -

Please revert with your updated resume and feel free to call me for any query regarding the same.

Priya
Senior Recruiter
Mobile: +91-7410044843

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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