Desired Characteristics: - 6-8 years of working with models in a development, validation, or risk management function within the banking/credit management industry. - Knowledge and experience of risk, modeling, and capital management requirements and processes. - Prior experience auditing, examining, or working in a financial/regulatory environment. - Experience interacting with senior management and senior audit managements strongly preferred. Required Skills: - Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics. - Experience with regulatory capital models, pricing models, stress testing, and loss forecasting models including some of the following: stochastic calculus, finite difference methods, Monte Carlo simulation, etc. - Good understanding of financial markets. Job Description: The model risk auditor will contribute to internal audit teams enterprise-wide coverage of model risk. Job will involve a very degree of international exposure to various aspects of investment banking and will require travel to countries like France, Hong Kong, Japan, South Korea, UK and US. This job has high organizational visibility and can add a lot of value to the organizations control environment and impart confidence to the regulators. The candidate will assume the following responsibilities and - Audit entire model life cycle, i.e. development, validation, implementation, policies, governance, and use. Model uses include calculate derivatives prices, valuation adjustments, CCAR, etc - Interact with various lines of business and control functions to understand relevant aspects of model development, validation, governance, and use. - Evaluate model documentation / validation reports and document results - Conduct Internal control reviews on behalf of the corporation to identify financial risks, controls to mitigate the risks and assess the control environment of each significant business process. - Assess the remediation of regulator and audit identified issues - Responsible for working independently on complex model audit - Assess inherent, control and residual risks with expertise in modeling practices, techniques, and validation processes as well as risk management strategies and data analytics. - Prepare high quality audit deliverables including planning memoranda, audit programs, working papers, drafts of audit issues, audit reports and present the results to various levels of Internal Audit leadership, as well as the business organization. - Ensure effective and efficient execution of audits in conformance with professional and departmental standards, budgets, and timelines. - Maintain effective working relationship with key stakeholders responsible for modeling processes and model risk management - Research relevant banking, regulation, risk management, and operational topics. - Maintain technical subject matter internal audit competency through ongoing professional development

Bangalore

Model Risk Auditor - Banking 

Model Risk Auditor - Banking  ,Job Description for Model Risk Auditor - Banking  in Black Turtle in  Bangalore for (6-12) years of experience. Apply Now!

Job Description for Model Risk Auditor - Banking  in Black Turtle in  Bangalore for (6-12) years of experience. Apply Now!