Model Risk Audit

We are seeking a Model Risk Auditor to review and assess the governance, development, and implementation of various models used in the financial services industry. You will evaluate the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques. This role requires a professional with a master's degree and strong skills in programming, data analysis, and report drafting to identify anomalies and recommend corrective actions.

Roles & Responsibilities :

• Model Assessment : Review and assess model governance, development, validation, documentation , and implementation to evaluate the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques.
• Audit Automation & Data Analysis : Automate audit testing by utilizing a variety of modeling, data analysis, and programming tools. Analyze large, complex data sets to identify anomalies, trends, and risks.
• Functional Domain Evaluation : Evaluate models across multiple functional domains such as wholesale, retail, and fraud.
• Audit Reporting : Draft detailed audit reports with assessment details, prepare supporting work papers, document observations with implications, and recommend corrective actions.
• Audit Support : Contribute to one or more areas of audit covering risk functions like Credit Risk, Market Risk, Operational Risk, ICAAP, and ERM , as per RBI guidelines .
• External Coordination : Coordinate and support the bank's compliance team during RBI Audits and other external audits.

Skills Required :

QUALIFICATION :

Skills Required

Python, Sql Server, Sas, Excel, Jira, Bitbucket, Risk Management