Senior Lead - Model Development - Investment Bank

Multiple openings with some of our leading Global Investment Banks who are keen to hire a Model risk developer/Validator in Mumbai. Hence, actively looking to hire candidates with at least 5+ years of hands-on risk modelling or Validation (credit/market/Counterparty) within an investment bank or associated consulting firms.

We're looking for someone who is eager to perform independent development/validation of models. This is an excellent platform for personal and professional development within a highly committed and collaborative team in an international and fast-paced environment.

Some of the key responsibilities will include:

- Analyzing the model's conceptual and mathematical soundness, reviewing the calibration quality, model outcome, and model performance tests.

- Ensure adherence of the models to the expected internal and external standards.

- Identifying model assumptions, weaknesses and limitations and evaluating overall model risk.

- Interacting with stakeholders: model developers and users, senior management, internal and external audit, and regulators, as a representative of the bank's independent control function for model risk.

To be eligible for this role you will require:

- Qualified degree in economics, science, technology, mathematics, engineering.

- Excellent quantitative and statistical modelling skills.

- Proven experience of working with R/Python/SAS.

- Experience of Credit risk models (PD, LGD) & Market risk (VAR) would be an asset, preferably from within a risk management department.

- Experience in banking regulatory capital, CCAR, ICAAP, RWA, Basel II/III, stress testing would be advantageous.

- FRM/ CFA certification would be an advantage.