Senior Executive at EXL Inductis
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EXL - Senior Business Analyst/Assistant Manager - Model Validation (1-6 yrs)
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. Develop, document, and maintain project milestones to ensure validation projects are completed on time.
4. The role includes assessing model risks by performing detailed model validation reviews, evaluating performance thresholds, researching model approaches and creating alternative models.
5. Good understanding of statistical principles (e.g. estimation, hypothesis testing) and modeling techniques (e.g. OLS, logistic regression, time series analyses).
6. Strong conceptual and technical knowledge of risk concepts and quantitative modeling techniques.
7. Hands on experience in SAS is required