Market Risk Role - BFSI

- To work as part of the IMR function in the delivery of Model validation

- Independently review the models being assigned, fully understand the model theory, model assumption, and validate the model building, build challenger models, provide challenge on the model performance etc.

- Effectively corroborate business intuition and expertise with the theoretical framework applied/ results derived from the models.

- Develop independent challenger models to validate the model implementation correctness and identify the model shortcoming, assumptions, limitations

- Communicate the model review findings to model developer and owners. Ensure model limitations are correctly identified, understood, and managed

- Write high quality model validation reports, including conclusion, recommendation, detail analysis in model theory, formula, and testing

- Participate in model control, governance, and monitoring. Assist in reporting requirements, producing detailed updates for Model Oversight Committees, Senior Internal Stakeholder Groups and Regulators

- Work with Senior Managers across IMR to build relationships with Model Developers / Owners.

- Lead a team of junior analysts (for GCB 5+ roles) and be responsible for team management/ project management and provide guidance/coaching across multiple projects.

- Work on long term strategic team objectives like process improvement, contribution in strategic training programs, productivity enhancement etc.

- To independently validate models with focus on key areas like model assumptions, design & performance, data and input, build challenger models etc., in the following work streams: Credit derivatives, pricing (equity/FX/IR), Algorithmic trading, market risk, counterparty credit risk, valuation and product control etc.