Manager/Senior Manager - Model Validation

Model Validation (Credit risk/ Market risk)

We are hiring for a leading Financial KPO organization based at Bangalore/Gurugram/ Kolkatta

Position : Manager/ Sr. Manager

Experience : 3-8 yrs in experience in model validation/ development, quantitative modelling

Strong understanding of model risk, validation frameworks, and regulatory requirements.

Strong technical skills in python for model development.

Education : B.tech/ Masters / MBA - in Economics, Mathematics, Statistics, Finance, Computer science

Role & Responsibilities :

- Responsible for being validator for a wide range of models like IRRBB, credit risk, market risk, counterparty credit risk, fraud detection, Stress Testing, AML and forecasting models

- Working with independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models

- Independent model validation, especially comprehensive model validation within 2nd line of defense, using SR 11-7 or similar guidelines.

- Exhaustive model validation will include conceptual assessment of models use, method, assumptions, limitations and on-going monitoring and control, models outcome analysis.

- Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques

- Good understanding of vanilla and exotic derivatives in all asset classes, and their impact on various market risk (VaR, SVaR, FRTB - SBM, DRC and RRAO) and CCR components.

- Thorough understanding of stochastic processes and their models, stochastic volatility models, yield curve models

- Good understanding of conventions of various markets like treasury, fixed income, equities, commodities etc.