MRM- Credit Risk

Basic Information

Title : Associate / Senior Associate / Delivery Lead

Experience : 2-6 Years

Location : Bangalore, Pune, Gurugram

Key Responsibilities

• Gain deep understanding of the model inventory and the model risk management framework and lifecycle of the client
• Validate CCAR Stress Testing for PPNR, balance sheet, scenario design and loss forecasting models used for internal risk management and provisioning as well as regulatory submissions
• Assess the data requirements of the model, assumptions, and model methodology, analyze model outcomes, track ongoing model performance, and run stress tests on models based on company specific or regulatory stressed economic scenarios
• Provide guidance to model owners for remediation of issues identified during validation to achieve MRM policy adherence
• Provide support to client’s model risk management group in meeting their regulatory commitments
• Interact proactively and build strong relationship with various model owners / stakeholders
• Represent client’s model risk management group in interactions with model owners across lines of business
• Drive adoption of best practices for model validation, assessment and documentation
• Ability to work well in a team and feel comfortable presenting model validation findings
• Gain ongoing knowledge of accepted practices and current research in the areas of mathematical modelling in finance and model risk management, though academic literature and respected financial / economic journals
• Mentor junior quantitative analysts and conduct training sessions on mathematical modelling, quantitative analytics and risk management

Job Requirements

Qualification

Experience

Functional Competencies

Behavioral Competencies