Head - Wholesale Risk Modeling - Bank

Industry - Banking

Skills - Wholesale Credit Risk Modeling, PD, LGD, EAD, Top Management, Basel, CCAR, IFRS 9, Stress Testing, Commercial Risk Modeling

Job Type - Permanent

Description - Senior Leadership Opportunity to head up the Wholesale Risk Modeling team with one of the Largest Global Banks

Client Details

Our client is one of the largest Global Banks with demonstrated strengths in both Commercial and Retail Banking. They are in the process of growing their Wholesale Risk Analytics function in Bangalore and are looking to hire the Head of the Wholesale Modeling function who will have the opportunity to set up his/her own team

Job Description

Reporting into the Global Head of Risk Analytics, your key responsibilities shall be:

- Support Chief Wholesale Credit Officer, Head of Enterprise Risk, Head of Risk Modelling on strategic Risk Management engagements

- Independent oversight of the Wholesale Modeling function (Development & maintenance of models of Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) and correlations for the Wholesale Banking portfolio)

- Leadership, Risk Strategy and Solutioning Responsibility

- Submitting and presenting model annual review and implementation proposals to divisional and group wholesale credit model committees for approval

- Ensuring that the review, validation, recalibration and implementation of each model is completed in accordance with the team's detailed work plan

- Ensuring that all model related work meets regulatory requirements and internal policy standards

- Manage a team of Business Leaders, and Specialist Risk Modelers while working on Projects Managing relationship with business heads and other stakeholders across the wholesale and retail bank to support them in statistical and risk modeling

- Research and develop new model and enhancements of existing model suites to improve accuracy, timeliness, forward looking capability and responsiveness to economic environment

- Work closely with business and product management to provide value adding risk analytics solutions for the enhancement of risk-return tradeoff

- Regulator communication and positive engagement

Profile

As the successful candidate, you will have:-

- A Ph.D. (or Advanced Degree) in Mathematics Economics, Statistics, Financial Engineering from a Tier 1 Institute like International Schools, or IITs, ISI, IIMs, MDI, XLRI, FMS, DSE etcetera

- 12+ years of relevant experience of designing, developing, enhancing, and implementing credit risk models/analytics

- Some exposure to Wholesale/Commercial Credit Risk Modeling

- Rich leadership experience and executive presence

- Extensive knowledge of credit risk modeling across investment banking or wholesale banking is a must along with excellent knowledge of SAS

- Hands-on experience in all stages of model development (development, validation, tracking, monitoring, implementation) of credit risk models for corporate/commercial/wholesale/investment banking is a must

- International working experience, stakeholder management, and ability to engage with senior global stakeholders

Job Offer

Excellent Opportunity to head up the Wholesale Risk Modeling function of a leading Global Banks. The organization is known to encourage Work Life Balance and promotes International Mobility

Page Group India is acting as an Employment Agency in relation to this vacancy.

Contact - Kumar Pratyush

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