Crisil - Lead Model Developer/Validator - IFRS9/CECL

Lead Model Developer/Validator - IFRS9/CECL

About CRISIL Limited:

CRISIL is a leading, agile, and innovative global analytics company driven by its mission of making markets function better.

It is Indias foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.

It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, Singapore, Australia, Switzerland, Japan, and the United Arab Emirates (UAE).

It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.

CRISIL is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law.

To know more: www.crisil.com

Department: GR&RS

Job Overview:

We are seeking an experienced Lead Model Developer/Validator with exceptional expertise in credit risk modeling with primary focus on IFRS/CECL modeling.

The ideal candidate will bring deep domain knowledge and advanced technical skills to drive sophisticated credit risk modeling initiatives across retail and wholesale portfolios.

Position Details:

Location: Pan India

Experience Level: 5-10 years

Employment Type: Full-time

Key Responsibilities:

- Lead end-to-end development and validation of advanced credit risk models, including, PD, EAD, LGD and Impairment models compliant with IFRS9/ CECL Standards

- Conduct comprehensive data preparation, preprocessing using tools including SAS, Python, R, and SQL

- Collaborate with cross-functional stakeholders to analyze, interpret, and communicate complex model results and insights

- Develop comprehensive technical documentation including:

- Regulatory compliance Model documentation

- Test plans

- Validation reports/Findings Report

- Business Requirements Documents (BRD), where applicable

- Drive continuous model improvement through:

- Identifying optimization opportunities; Implementing advanced modeling techniques; Enhancing model performance and predictive accuracy

- Provide mentorship and technical guidance to junior team members, fostering a culture of knowledge sharing and professional development

Required Qualifications:

- 5-10 years of hands-on experience in CECL/IFRS9 credit risk model development and validation

- Proven expertise in modeling across retail and wholesale credit portfolios

- Advanced proficiency in: SAS, Python, R, SQL

- Deep understanding of IFRS9 and CECL regulatory frameworks and guidance

- Exceptional analytical and problem-solving skills

- Excellent written and verbal communication abilities

Preferred Qualifications:

- Advanced degree in Statistics, Mathematics, Economics, or related field

- Professional certifications in risk management or financial modeling

- Experience with IRB modeling, machine learning/advanced statistical modeling techniques

- Knowledge of Basel regulatory guidance

Technical Skills:

- Model Development: PD, LGD, EAD

- Programming: SAS, Python, R, SQL

- Regulatory Knowledge: IRB, IFRS9, CECL

- Statistical Modeling

- Data Preprocessing

- Machine Learning Techniques

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