Job Description : - Develop, enhance and maintain Basel models, 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 solution 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 2.0 years of experience in risk analytics/risk modeling - 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 ability to prioritize and deliver effectively under strict timelines - Strong inter-personal 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.

Bangalore

IFRS/Stress Testing Role - BFSI 

IFRS/Stress Testing Role - BFSI  ,Job Description for IFRS/Stress Testing Role - BFSI  in CareerNet in  Bangalore for (6-10) years of experience. Apply Now!

Job Description for IFRS/Stress Testing Role - BFSI  in CareerNet in  Bangalore for (6-10) years of experience. Apply Now!