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17/01 HR
Managing Director at Edge In Asia Recruitment Private Limited

Views:95 Applications:22 Rec. Actions:Recruiter Actions:0

Senior Model Development Lead - Investment Bank (6-10 yrs)

Mumbai Job Code: 1207968

Our client, a leading Global Investment Banks who is keen to hire a Model risk developer / Validator in Mumbai. Hence, actively looking to hire candidates with at least 6+ 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. 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:

- Work on projects related to Economic/Regulatory capital models (e.g., FRTB).

- Development of model to capture credit and market risk.

- Development of IRC (Incremental Risk Charge), CRM (Comprehensive Risk measure) and tail risk models.

- Actively participate in validation of the models/model-changes during implementation phase.

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

- Lead a team of 2 analyst.

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 working on IRC/DRC and ERC.

- Good understanding of mathematical concepts like probability, statistics, calculus, linear algebra.

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

- FRM/ CFA certification would be an advantage.

Women-friendly workplace:

Maternity and Paternity Benefits

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