Senior Manager/AVP - Model Validation - Investment Bank - IIT/NIT/ISI/IISc/PhD

Education: Masters or Ph.D. degree in Statistics and/or Mathematics and/or Financial Mathematics and/or Economics

Educational institutes: Top tier - IITs, NITs, Indian Statistical Institutes etc.

Certifications (preferred but not mandatory): FRM, CFA etc.

Shifts: Should be flexible between 11:00 AM to 10 PM

- Performing model independent validation and peer review of all newly-developed complex predictive models to ensure they follow good modeling practices and are in compliance with Model Governance Policy, Guidelines, and OCC requirements;

- Conducting model performance assessments to ensure all existing models meet the criteria and/or making model improvement requests;

- Conducting annual model validations to ensure models are working as intended and if the existing validation activities are sufficient. This will involve understanding the purpose of the model, how it works, how well it performs, and what effective challenges are to the current model.

- The scope of the role will cover all Global Consumer and Small Business Banking models, including but not limited to Card, First Mortgage, Home Equity, Small Business, Insurance, Marketing, and others. Ability to communicate clearly, effectively, and work well with people is a key requirement. The qualified candidate will work cross-functionally to enforce processes and to integrate more effective model validation processes.

Mandatory Skills:-

Strong Quantitative skills :

- At least 5+ years of hands-on model development or validation experience

- Proficient in statistical analysis and modeling

- Have a deep understanding and knowledge of modeling process and model performance measures and to perform effective challenges to the current models

- Proficient in SAS and SQL

- Strong Written and Oral Communication

- Ability to follow up with issues and summarize discussions

- Ability to communicate clearly, effectively, and work well with people at all levels

- Ability to manage multiple projects and direct the effort of others

- Attention to details

- Willingness to learn

- Strong work ethic

- Team player

Preferred Skills:-

- Knowledge of risk, underwriting, and marketing models in a consumer lending environment

- Knowledge of auto loans, home loans, credit cards and other products in consumer banking, financing and investments.

- Proficient in R/S-Plus and MATLAB

- Coaching experience in a modeling group

- Project management experiences a plus

- Speaking/presentation skills in a professional setting

- Strong design patterns skills to design and architecture the tool

Note :

- Looking for candidates who are currently working in Multi-National Investment Banks only.

- Should be from BFSI Domain.

Contact: Haritha
040 4784 2231