Level: Senior Analyst, Model Validation Knowledge/Skills: - Strong conceptual and technical knowledge of financial markets and related risk concepts is required. Knowledge of statistics and econometric methods (regression, time series, applied multivariate techniques, statistical inference, non-parametric methods, optimization, etc.) is required. - Experience in developing or validating/reviewing PPNR/Market and Liquidity Risk/Credit Risk models is preferred. - Excellent oral and written communication skills are required when interacting with committees and/or management. - Clarity of thought and ability to break down complex issues for problem solving are critical for this role. - Technical skills/systems knowledge (e.g. SAS, Python, R, MATLAB, Advanced Excel) and working knowledge of machine learning is strongly preferred. Education: - Advanced degree in related field (finance, statistics, economics, mathematics, engineering) or equivalent career experience preferred. Industry qualification is preferred. - Strong preference for candidates with certifications such as CFA/FRM/CQF Major duties: - Responsible for independent validation of models used for both CCAR and BAU purposes. - Be a subject matter expert on matters related to statistics and mathematics concepts used with in the models. - Create proof of concept case studies and then formalize requirements for the rollout of analytical methods - Ability to opine and comment on various inherent assumptions made during model development and choice of the methodology used for a given purpose. - Contribute to modelling advancements by exploring alternative modelling approaches - Ensures model validation approaches meet regulatory expectations and internal risk management needs - Adept stakeholder management and smooth interaction with various model owners - Clearly communicate the complex issues/findings of the model validation outcomes to stakeholders. - Keep abreast with latest regulatory requirements around model risk management - Evaluates existing model risk framework in relation to department objectives and industry leading practices, and actively provides solutions to enhance the model risk management/validation framework.

Bangalore

Northern Trust - Senior Analyst - Model Validation 

Northern Trust - Senior Analyst - Model Validation  ,Job Description for Northern Trust - Senior Analyst - Model Validation  in Northern Trust in  Bangalore for (2-5) years of experience. Apply Now!

Job Description for Northern Trust - Senior Analyst - Model Validation  in Northern Trust in  Bangalore for (2-5) years of experience. Apply Now!