Associate Consultant at CareerNet Consulting
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Credit Risk Model Development Role - BFSI (5-10 yrs)
- Develop, enhance and maintain Basel models, CCAR, governance framework and model risk management framework for entire retail portfolio.
- Analyze data and perform back-testing/stress-testing of the IFRS 9 models to measure the model performance.
- Identify the model risk and provide solutions and recommendations to the stakeholders; influence stakeholders to close the gaps in the recommendation.
- Perform risk analysis and risk identification of all processes conducted in the IFRS 9 ECL computation according to guidelines under the Bank-wide Risk Framework.
- Define new controls and key control indicators of relevant processes and remedial actions in case of ineffectiveness of existing controls.
- Prepare IFRS 9 model validation report for board submission and monitor all outstanding matters in the validation and report to the board.
- Extensive coordination and communication with all parties involved.
- Develop credit risk models from a quantitative perspective viz., acquisition, behavior, customer level scorecards, maintenance of credit scoring models/assessment tools, strategies and capital estimate modeling of PD, LGD and EAD that apply to retail portfolios across life cycle.
- Validate and if required, Refine existing models for Retail Products based on the validation results.
- Manage interface with regulators, external and internal auditors in relation to models in use and validation.
- Provide support to Impairment committees and relevant meetings coordinating agenda, presentation packs and preparation of minutes.
- Oversee and coordinate submission of documents to both Internal Audit and External -Auditors and ensure action plans address audit issues raised and are closed on a timely basis.
- Perform maintenance and changes of policies and documentation.
- Set, establish, and deliver on multiple priorities in a timely manner.
- Develop training materials, Conduct training sessions for business.
- Contribution to the formulation of a successful growing team.
- Perform other duties as assigned.
- Overall 5+ years of experience in risk analytics/risk modeling CCAR.
- 5+years hands on experience in model building methodologies, implementation and compliance.
- Strong understanding of IFRS 9 standards driving Expected Credit loss computational activities and impairment measurement in Financial Reporting.
- Understanding of Data Quality Management Framework.
- Experience/ understanding of process mapping, governance activities, writing of policies and committee management in a Risk function of a financial institution.
- Focused and organized, with the ability to prioritize and deliver effectively under strict timelines.
- Strong interpersonal and communication skills to work effectively with stakeholders from different functions; comfortable in building relationships at various levels and across geographies.
- Expert knowledge of Basel norms and modeling techniques.
- Degree in Quantitative / Statistics / Actuarial Science / Mathematics (Finance exposure would be a plus);
- Strong analytical, numerical, research and problem solving skills.
- Have programming experience of SAS, Oracle, Microsoft and web-based systems.
- Ability to present technical concepts for business understanding.
- Self-motivated person with a high level of drive, dedication and desire to excel consistently.
- Team player, self-starter, innovative and highly motivated.
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