Posted By
Posted in
Banking & Finance
Job Code
598467
We are hiring for one of the leading ITES/BPO for Model Validation, Please find below the JD for the profile:
Roles and responsibilities:
- Work with a Leading Bank's Risk Management team on specific projects/requirements pertaining to Model Risk Management
- Carry out Model evaluations as per the requirements outlined in the Consumer Model Risk Management Policy for CCAR, PPNR and consumer risk models
- Support MRM team leads in model evaluation of Very High/High/Medium High Risk Level models and related transactions
- Utilizing SAS, Interthinx (ITX) and other Microsoft Office products, identify key model soundness, development, and implementation issues, and recommend solutions to mitigate them.
- Perform Independent Validation including but not limited to model eligibility assessment through updating the model validation reporting templates toward model risk management reviews
- Prepare documentation as per business requirements. Review loss forecasting, stress testing and macro-economic forecasting models; OR writing model validation reports based on his / her judgments of the evaluations results.
- Take complete ownership of the project and co-ordinate with customer and all other stakeholders
Required:
- Experience in Credit Risk Scoring / CCAR / PPNR modeling or Validation
- Must have hands on expertise in developing/monitoring/reviewing loss forecasting, stress testing and macro-economic forecasting models and therefore can evaluate the models developed by regional consumer teams.
- Strong analytical skills in conducting sophisticated statistical analysis using bureau/vendor data, customer performance data and marketing data to solve business problems.
- Excellent written and oral communication skills are required, ability to present work in a formal and understandable format, bringing groups of people to consensus
- Ability to recognizing information and patterns in data that are not obvious, and focusing analytical efforts in pursuit of explanations, isolations of cause and effect.
- Good programming skills in advanced SAS and SQL in mainframe, UNIX and PC environments
- Strong communication and presentation skills targeting a variety of audiences
- Flexibility in approach and thought process
- Attitude to learn and comprehend the periodical changes in the regulatory requirement as per FED
Salary offered: 6-15LPA
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Posted By
Posted in
Banking & Finance
Job Code
598467