The Role Responsibilities Strategy : &nbsp;- Understand IFRS 9 account level and portfolio level models for secured and unsecured retail portfolios - Understand IRB (Basel internal rating based) models; including the components such as PD, LGD, EAD for secured and unsecured retail portfolios - Understand the difference between different IFRS 9 approaches i.e. sophisticated account level vs. simplified portfolio level - Understand the requirements of periodic model performance assessment and monitoring - Understand the IFRS 9 model and IRB model functionalities and the data required to perform period model performance assessment and monitoring - Own IFRS 9 and IRB portfolios and perform periodic model monitoring - Present IFRS 9 and IRB monitoring results to internal risk committees and senior management - Perform exploratory analyses to answer committee and senior management questions - As IFRS 9 or IRB models are redeveloped, update the model monitoring procedure to reflect the redeveloped models. Work closely with model development team to understand model functionality and translate model development codes into model monitoring codes. - Maintain and continue to upgrade the monitoring process based on modeller, model users and regulatory feedback Business ; - Ensure to test the model performance in order to determine whether the model outputs are fit for purposes not only for regulatory capital and ECL estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy design Processes : - Participate in relevant model monitoring implementation and its user acceptance test to ensure monitoring tests are appropriately implemented People and Talent : - Lead through example and demonstrate the bank's culture and values. Risk Management : - Understand Model related uncertainty risk such as data, regulatory, business strategy, that have a direct impact on the model's performance. Governance : - Ensure the monitoring process meet the Model Risk Policy and Model Family Standards - Provide timely and high-quality responses to both internal and external queries and requests Regulatory &amp; Business Conduct : - Display exemplary conduct and live by the Group's Values and Code of Conduct. - Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. - This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct. - Be compliant to home and host regulatory requirements on modelling Key Stakeholders : Retail Enterprise Risk Analytics, Group Model Validation, Model Risk Management, IFRS 9 ECL team

Bangalore

Risk Model Role - Banking  

Risk Model Role - Banking   ,Job Description for Risk Model Role - Banking   in Pylon Management Consulting in  Bangalore for (2-6) years of experience. Apply Now!

Job Description for Risk Model Role - Banking   in Pylon Management Consulting in  Bangalore for (2-6) years of experience. Apply Now!