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15/05 Darryl Pais
Managing Director at Corporate Search & Placements Pvt. Ltd.

Views:252 Applications:42 Rec. Actions:Recruiter Actions:21

Head - Model Risk - Wholesale Banking (7-10 yrs)

Mumbai Job Code: 822322

Head - Model Risk - Wholesale Banking

We have been retained by our client, a reputed Private sector Bank to identify a Head Model Risk (Wholesale Banking) to be based at Mumbai.

Job Purpose :

- Support in developing, maintaining and implementing the Banks Model Risk Management program

- Design and Implement a strong Model Risk Management and governance framework

Key Responsibilities :

- Responsible for Development, validation and testing of Internal Rating Models

- Model Validation & Review of existing Value at Risk (VaR) models for products like Forex Forwards and Interest Rate Swaps

- Design and implement of risk mitigation strategies along with responsible for ensuring compliance of credit risk management policy

- Managing the process for developing risk policies and procedures

- Collaborate with model developers and communicate with key stakeholders across the institution

- Engage in design and implementation of the impairment model as per new IFRS 9 guideline

- Assist in creating standards for managing areas of including but not limited to the development and implementation, governance and certification, and model performance.

- Assess model risk, including model robustness analysis, identification of limitations, and their assessment

- Responsible for Monitoring and validating statistical Models

Desired Skills/Competencies :

- Strong communication skills both spoken as well as written

- Strong analytical approach to problem solving

- Should be detail conscious whilst maintaining strategic outlook.

- Excellent management skills.

- Good computing and programming (coding) skills and experience utilizing programming languages such as R or Python

- Familiarity with IFRS9 is a plus

Candidate Profile :

- Candidates should be Engineering Graduates with a MBA (Finance) or equivalent qualifications from a reputed University / Institution with 7 - 10 years of relevant experience in risk modelling, model validation or related fields in Banking Industry.

- Interested candidates meeting with the above requirements may please respond with a recent photograph and resume in word format.

Women-friendly workplace:

Maternity and Paternity Benefits

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