Manager - Model Validation - Fraud/Credit Risk

Exp: 5-8 yrs

Location: Mumbai/Chennai/Ahmedabad

Good knowledge in SAS/ SQL/ Python

Responsibility:

The role will be responsible for several key areas:

- Work with vendors and internal modeling partners to develop approval documentation for new fraud scores and algorithms. This will include a comprehensive write-up on how the models are built, testing and validation work done, methodology, sampling, performance, etc.

- Conduct periodic model validations on scores, looking for key metrics such as precision, recall, rank ordering of score performance, detection of PSI and other metrics as needed to ensure models are performing well and not deteriorating, which could lead to unexpected fraud losses

- Partner with our Strategies teams to communicate model performance and trends, including providing key insights into areas where scores are deteriorating or underperforming, so appropriate adjustments can be made to prevent unexpected losses

- Work with our partners in Model Risk Management (MRM) to close out any follow-up items on partially/conditionally approved models

- Form strategic partnerships with MRM to develop best practices for fraud model governance that satisfy both the need for quick deployments to mitigate risks, but also our internal and regulatory concerns

- Develop dashboards and MIS to show model performance, trending, and potential issues