Model Development Developer - Credit Risk

Are you passionate about risk management and ready to contribute to shaping the future of credit risk reporting? We're seeking a dedicated individual to join our team as a Credit Risk Model Developer. In this role, you'll be integral to developing and validating Internal Ratings-Based (IRB) models and supporting credit risk reporting for our client, ensuring compliance with BASEL 3 & 3.1 standards.

Location- PAN India

Roles and Responsibilities:

As a Credit Risk Model Developer, your main responsibilities will include:

- Supporting the capital & impairments model development team to manage regulatory requirements.

- Developing and validating IRB models, including PD, EAD, and LGD models.

- Gaining experience with hybrid PD models, DT estimation, TTC PD, EAD (CCF approach), MOC adjustment, LGD models, and stress testing for secured and unsecured products.

- Ensuring compliance with BASEL 1/2/3 standards and providing insights into credit risk reporting.

- Articulating risk drivers, including model parameters such as PD, LGD, and EAD, as well as macroeconomic variables.

- Supporting automation and system enhancement projects for efficient reporting.

- Interpreting and applying external risk standards and internal credit and risk policies.

- Ensuring strong governance and quality control, maintaining validation and reconciliation procedures for audits.

- Collaborating with external auditors and ensuring timely closure of audits.

- Working closely with the financial planning team to forecast provisioning requirements for short- and long-term planning.

- Partnering with the model risk team to accurately estimate ECL parameters (PD, LGD, EAD) and ensure best management practices.

Qualifications:

To be successful in this role, you should possess the following:

- Experience with SAS coding.

- 5+ years of experience in risk analysis, particularly supporting risk reporting and mitigation.

- Strong understanding of PD, LGD, and Expected Credit Loss (ECL).

- Master's degree in statistics, economics, or finance.

- Proficiency with Excel and PowerPoint.

- Familiarity with data analytics and visualization tools such as SAS, SQL, and Python.

- In-depth knowledge of industry trends and regulatory guidelines, including BASEL I/II/III/IV, IFRS9, CECL, CCAR, and IFRS.

- Excellent communication and presentation skills.

- Attention to detail and a diligent approach to work.

Preferred Qualifications:

Why Join Us?

Career Growth: This role offers opportunities for professional development in the growing field of risk management.

Collaborative Environment: Work with a team of skilled professionals in a collaborative setting.

Impact: Contribute to shaping regulatory compliance and risk management practices for a leading institution.