EXL Service is seeking a highly skilled Model Validation Specialist with deep expertise in credit risk modeling. The role involves building, validating, and monitoring risk models from scratch to deployment, ensuring regulatory compliance and business effectiveness. The ideal candidate should have strong technical expertise in SAS, SQL, Python, and a solid understanding of credit risk frameworks.
Key Responsibilities:
- Develop and validate credit risk models (PD, LGD, EAD, scorecards, stress testing, IFRS9, Basel).
- Independently build models from scratch to end, including data preparation, feature engineering, model selection, and performance monitoring.
- Conduct model validation and back-testing to ensure accuracy, robustness, and compliance with regulatory standards.
- Perform statistical testing, benchmarking, and documentation as per regulatory and audit requirements.
- Work with large structured and unstructured datasets using SAS, SQL, and Python.
- Collaborate with business, risk, and technology teams to deploy validated models into production.
- Provide detailed model documentation and validation reports for internal and external stakeholders (regulators, auditors, clients).
- Stay updated with regulatory guidelines (Basel, IFRS9, CCAR, SR 11-7) and industry best practices in model risk management.
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