Function: Model Validation - Responsible for contributing to the validation of a complex quantitative risk models or capital Allocation framework for the Corporation (CCAR/CECL/IFRS9/PPNR) - Understands and resolves complex issues in algorithms, models and other risk measurement frameworks, allocation of capital for performance measurement, or other aspects of risk measurement preferably in credit risk with a flavor of AI/ML approach. - Hands on understanding of AI/ML algorithms like Regression, Decision Trees, Na- ve Bayes, kNN, Random Forest, neural networks etc - Strong Programming skills in SAS/R/Python etc Major Duties - Responsible for validating complex statistical and/or algorithmic models Risk/Regulatory/Capital/Treasury/InterestRate/EconomicResearch/Fraud/Compliance models etc. - Responsible for resolving complex issues in capital estimation, regulatory reporting, external financial statements or other aspects of risk measurement - Responsible for quantitative model validations and/or overseeing quantitative analytical processes for risk and/or ensures regular production of analytical work and reports - Evaluates existing framework in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state - Provides technical/theoretical expertise to resolve risk issues and enhance overall risk framework - Works with other risk teams to ensure that risk management policies/processes and quantitative modeling approaches are consistent - Ensures that capital modeling and allocation approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance. - Works with project management team to track development efforts and resolve issues - Operates independently; has in-depth knowledge of business unit / function - Acts as subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level - Carries out complex activities with significant financial, client, and/or internal business impact - Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities - Conducts preliminary analysis - Responsible for interaction with different committees and/or management - May be responsible for developing, implementing and administering programs within Risk Management for specific product(s) Knowledge/Skills - Excellent oral and written communication skills are required. - Strong analytical and problem solving skills combined with conceptual and technical knowledge of risk concepts - Technical and quantitative skills like regression (linear/logistic/multinomial), decision tree, SVM, Naive Bayes, kNN, K-Means, Random Forest etc - Systems knowledge (e.g. SAS, R, Python, Advanced Excel, VBA) will be strongly preferred - Conceptual understanding about AI/ML models and validation techniques Experience Required - A PhD or College or University degree and/or relevant proven work experience is required - Advanced degree in related field (math, statistics, economics) or equivalent career experience preferred. - Banking or similar Industry qualification is preferred. - 3+ year overall experience preferred.

Bangalore

Northern Trust - Model Validation Role 

Job Description for Northern Trust - Model Validation Role  in Northern Operating Services, Pvt Ltd in  Bangalore for (3-8) years of experience. Apply Now!