This Sr. Consultant/ Consultant position supports the Credit Risk Modeling and Quantification team and is responsible for providing accurate and timely information supporting development, maintenance, back-testing, and monitoring of probability of default (PD), exposure at default (EAD), loss given default (LGD), borrower risk rating, and stress testing models

Location : Bangalore

Experience : 5-9 years of relevant experience

Job Duties Major Duties :

- Resolve complex issues in modeling credit risk rating models PD/EAD/LGD used in the calculation of economic and Basel capital, allocation of capital for performance measurement, and other aspects of credit risk management. CCAR credit loss modelling experience for whole sale and retail

- Active participant in the development of credit risk models (PD/EAD/LGD) for Personal, CRE, C&I, Residential Real Estate, OTTI etc. Ensures regular production of analytical work and reports. Acts as an important contact for credit risk models with regulators, Internal Audit Department, and Model Validation Group.

- Works with senior team members to evaluate existing processes in relation to corporate objectives and industry leading practices. Assess development needs and manage process to achieve desired future state.

- Supports internal risk rating system. Ensures that the risk rating system framework meets needs of internal constituents and regulatory requirements. Help in enhancing the process, automation and provide the industry view

- Helps to resolve credit risk issues and enhance overall credit risk framework. Works with Credit Risk Management Group to ensure that risk management policies/processes and quantitative modeling approaches are consistent.

- Contributes to communication and training efforts to promote understanding of credit risk management throughout the company.

- Ensures that risk rating models meet both internal corporate needs and regulatory requirements related to Basel II.

- Participates in developing, implementing and monitoring risk rating models. Perform Back testing when requires

- Responsible for direct interaction with various committees and/or management

Qualification : Ph.D.or Master in Statistics/ Economics/Mathematics/advanced degree in quant area Or B.tech. From tier 1 college with MBA in related field

Skills Required :

- Excellent oral and written communication skills

- Basic CCAR and DFAST, FRY-14A, SR-11/7 understanding. Strong regulatory understanding. Experience in Moddy's risk analyst, different rating data sources like Fitch, Credit pro, Moody etc.

- Solid analytical and problem-solving skills, ability to isolate and solve issues using large amounts of data

- Process orientation with strong technical skills and attention to detail

- Strong conceptual and technical knowledge of risk concepts and quantitative modeling techniques.

- Technical skills / systems knowledge (e.g. SAS, R, and Advanced Excel) is preferred

- Minimum 4-6 years of credit risk modeling experience across wholesale and retail

- Working knowledge of SAS and Excel strongly preferred

- Understanding of basic bank/credit accounting and finance principles; loan or GL system experience, Basel II knowledge a plus

- Understanding of data governance/quality principles

- Strong presentation and interpersonal skills

- Related Industry qualification (e.g., CFA, FRM)

- Experience in people and program management will be preferred

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.