VP - Risk Model Audit/Validation - Quant Risk & Finance - CA - Investment Bank

Industry - Accountancy

Skills - market risk, quant, risk validation, modeling, var, model audit, model risk management, internal audit

Job Type - Permanent

Job Description - Exciting opportunity to lead the Global Model Risk Audit team for a leading investment banking setup

Client Details

Our clients is a leading investment banking setup and is looking to hire an experienced professional for their Model Risk Management/ Model Audit team based in Mumbai.

Description

Reporting into the Head of Audit, you would responsibel for leading a team while carrying out audits across Finance and Risk. The span would cover credit risk models, counterparty risk models, market risk models, liquidity risk, CCAR, balance sheet substantiation, product control, financial control, etc.

Some of your responsibilities shall include :

- Lead a team of full-time employees and vendor staff in Mumbai covering audits supporting Risk Management, Finance and Corporate globally

- Complete risk assessments and work within a team to plan, execute and report findings

- Regular interaction with Audit Coverage Directors in the Risk Management, Finance and Corporate Audit team to provide resource solutions

- Manage and/or lead all aspects of audits/reviews focusing on end to end business processes; this may require supervision of audit staff

- Prepare/review audit planning memoranda, direct the audit team to identify and evaluate key risks, establish audit scope, and determine required budgets and staff assignments

- Direct the development of robust audit review test programs

- Supervise/lead walkthroughs conducted by the audit team, assess the internal control environment and supervise controls and substantive testing by the audit team

- Draft and finalize audit reports, including writing clear and concise findings and recommendations, and negotiating issue finalization with senior client management

Profile :

- Ph.D/Master's in Economics, Statistics, Finance, Financial Engineering, etc or a qualified Chartered Accountant

- 10+ years of experience in model risk management/risk model development/model validation/model audit with extensive knowledge of market risk, credit risk, and counter-party credit risk methodologies

- Professional credentials such as FRM, CFA, or PRM are desirable

- Strong written and oral communication skills, including the ability to explain complex, technical issues and make clear recommendations to stakeholders

- Ability to assimilate new information, understand complex topics, execute sound judgement, develop sound conclusions and make recommendations in a timely manner

- Exceptional interpersonal skills - ability to communicate, collaborate, and influence a diverse group of stakeholders

Job Offer :

Excellent work life balance in a very meritocratic culture with leading MNC. This role would offer you variation, stability and career progression in addition to a highly competitive compensation

Contact : Karan Madhok

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