Lead - Model Development - BFS

Roles & Responsibilities

This role would require supervising a core team of experienced professionals (both internal as well outsourced) whose primary function would be -

- Performing Model development as per schedule approved by Group.

- Maintain all requirements, data, code and reports into the repositories

- Supervise closure of all action items raised as part of Validation and Monitoring findings.

- Supporting Group to respond to internal and external Audit comments, Central Bank queries.

- Implement best practices in order to improve model landscape, model usage and overall model development process.

Specific accountabilities unique for the role 

- Requirement gathering and solution formulation in consultation with internal/external stakeholders

- Model design including selection of appropriate modelling technique, segments, assumptions, limitations and likely risks

- Create and implement model development plans, regular communication and required escalations on timely basis with impacted stakeholders and obtaining approvals from required authorities in line with model risk policy.

- Maintain requirement, data, codes and reports

- Provide support to onshore/offshore team for model implementation

- Work closely with onshore team, external auditors, regulators and internal audit to remediate modelling observations.