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- Model risk management job opportunity in Mumbai with a Leading MNC for a professional holding at least 12 to 15 years- experience in developing model risk policy and control procedures, performing model validation activities, providing guidance on a model's appropriate usage in the business context, evaluating ongoing model performance testing, and ensuring that model users are aware of the model strengths and limitations. If this sounds exciting, apply with us. LOCATION: Mumbai YOUR EMPLOYER: A leading, global firm with a distinguished clientele providing extensive financial and asset management services. RESPONSIBILITIES: - Engaging in new model validation activities for a subset of models in the coverage area - evaluate conceptual soundness of model specification; reasonableness of assumptions and reliability of inputs; completeness of testing performed to support the correctness of the implementation; robustness of numerical aspects; suitability and comprehensiveness of performance metrics and risk measures associated with use of model. - Performing additional model review activities ranging from proposed enhancements to existing models, extensions to scope of existing models, use of approximate bookings, to providing transaction-specific approvals. - Liaising with Trading Desk, Risk and Finance professionals to provide oversight of and guidance on appropriate usage, controls around model restrictions &amp; limitations, and findings for ongoing performance assessment &amp; testing - Maintaining model risk control apparatus of the bank for the coverage area &amp; serve as first point of contact - Keeping up with the latest developments in coverage area in terms of products, markets, models, risk management practices and industry standards REQUIREMENTS: - PhD or Master's degree in a Math, Science, Economics, Engineering, Quantitative/Math Finance, etc. - Domain expertize in the relevant areas such as the following: XVA (CVA, DVA, FVA, KVA). - Experience in Market Risk capital models including VaR Models, Derivatives pricing models, CCAR Models, Regulatory/Economic Capital Models, probability theory, econometrics, statistics, and numerical methods - Quantitative Model Development, Model Validation, Trading or Structuring, Market/Credit Risk Management - Excellent communication skills. WHAT IS IN STORE FOR YOU? - An opportunity to define, work and coordinate the operations of the company. - An opportunity to work with a diverse nature of business and the global markets.

Mumbai

VP - Model Governance Group - Market Risk Models - BFS 

Job Description for VP - Model Governance Group - Market Risk Models - BFS  in CRESCENDO GLOBAL LEADERSHIP HIRING INDIA PRIVATE L in  Mumbai for (10-17) years of experience. Apply Now!

VP - Model Governance Group - Market Risk Models - BFS  | iimjobs.com