Model validation - MRM (Banking & Finance)

The successful candidate will join the Model Risk Management and Validation Group (MRM&V).

performs independent analytical reviews and validations of all models .

Responsibilities :

 Perform independent review and model validation of Artificial Intelligence and Machine

Learning (AI / ML) models;

 Conduct model architecture review, theoretical soundness assessments and performance

evaluations;

 Write validation reports containing / explaining the analyses performed and their results;

 Present the reports and findings to various review / approval committees and to other

modeling teams;

 Develop creative approaches to effectively communicate complicated concepts, model

validation results and analyses to stakeholders;

 Participate in peer brainstorm review sessions and help other MRM&V members to solve

the problems they are facing; work closely with cross-functional teams, including senior

model validators, model developers, risk officers, and business units, to ensure models are

effectively integrated into business decision-making processes.

 Represent Model Risk management team in the interactions with regulatory agencies.

Work Location : Bangalore / Hyd / Chennai

Qualifications

 2 or more years experiences in model development or validation.

 Familiar with essential quantities techniques used in financial models.

 Quantitative programming skill (e.g., SAS / SQL, Python, R, etc.).

 Knowledge with Machine Learning algorithm in model development or validation is a plus.

 Very good communication skills (both verbal and written) as well as solid project management

skills and ability to multitask.

 Good business knowledge and familiarity with consumer / small business / commercial banking

products, operation, and credit processes.

 Prior experience with developing or validating models such as stress testing, prepayment or

profitability models will be a plus.

 Prior experience in delivering both written and verbal communications to a senior management

audience and developing constructive relationships with a wide range of different stakeholders.