Talent.com
This job offer is not available in your country.
Vice President - Model Developer (Wholesale Risk)

Vice President - Model Developer (Wholesale Risk)

Mashreqnavi mumbai, maharashtra, in
30+ days ago
Job description

The main purpose of the role is to lead the wholesale Risk model development team and assist the Head of Risk Analytics and Capital Management in execution of risk governance and practices around quantitative models.

Key Result Areas

Strategic & Leadership Responsibilities

  • Establish and scale a new Centre of Excellence (CoE) for Wholesale Rating Models from the ground up
  • Provide thought leadership and contribute to development of best practices in model development and validation
  • Track latest regulatory and industry updates (Basel guidelines, IFRS 9, local regulations, rating agency methodologies) and translate them into model design considerations
  • Independently research and develop innovative solutions

Stakeholder Management

  • Prepare presentations and communicate effectively with Senior Management and Board-level committees
  • Engage with multiple stakeholders across the credit lifecycle : Limit Management, Collateral Management, RAROC, Customer Rating
  • Review financial spreading logic in newly developed credit lifecycle system
  • Support governance and audit readiness through proper model documentation and transparent development practices

    • Technical & Delivery Responsibilities

  • Design and implement end-to-end process for development, validation, and lifecycle management of Wholesale Rating Models
  • Develop and validate a range of models including :
  • Corporate / Wholesale Rating Models including Large Corporate, Mid Corporate, SME, Sovereign, FI, HNWI, Project Finance, and Specialized Lending
  • Explore new approaches for rating model development for low default portfolios
  • Master Rating Scale (MRS) calibration

    • People Management

  • Build, mentor, and lead a team of modelers and consultants
  • Drive capability building and continuous learning within the team through training, peer reviews, and knowledge sharing

    • Wholesale Model Monitoring

  • Outline the goals of model monitoring, considering factors like accuracy and other relevant metrics based on the model purpose
  • Determine the expected performance of the respective models on historical data
  • Implement monitoring tools to continuously assess model performance. This includes monitoring input data quality, predictions
  • Communicate the model performance to relevant stakeholders to ensure the prompt attention to potential problems.
  • Regularly review and improve the model performance process based on the feedback, change in underlying data and evolving business requirement.

    • Climate Risk Analytics

  • Develop statistical climate risk models, integrate economic and social data to understand how climate risks may impact.
  • Develop different climate scenarios based on the various emission pathways and climate change projection. Assess the potential impact of each scenario on the identified financial risk.
  • Based on the statistical models, develop adaption strategies to mitigate relevant risks
  • Establish a system for continuous monitoring of climate date and update the climate risk models regulatorily.
  • Incorporate existing and potential future policies and regulations related to climate change into the model development.
  • Involve stakeholders in the meeting process to ensure a comprehensive understanding of local conditions, priorities and concerns.

    • Knowledge, Skills and Experience

    Mandatory / Essential :

  • Strong foundation in Statistics and Mathematics. You have hands-on experience in developing and validating Wholesale Rating Models (PD, LGD, EAD) and a deep understanding of model lifecycle best practices.
  • Strong programming languages such as R and Python, and are proficient in data analysis and visualization using Excel and PowerPoint. Knowledge of other relevant tools or platforms (e.g. SAS, SQL, visualization tools, workflow automation tools) would be an advantage.
  • Hold a degree in Statistics, Mathematics, Computer Science, Quantitative Finance, Economics, Engineering, or a related field.
  • Passionate about risk management and about advancing the science of credit risk modeling. Excellent communication skills, both written and spoken, with fluency in English. Ability to convey complex technical concepts clearly to both technical and non-technical stakeholders.
  • Undergraduate degree in Finance, Risk, Economics, Engineering or other related field
  • 10-15 years of progressive, multi-discipline risk management experience within banking sector
  • Deep understanding of risk management concepts and methodologies gained through development and practical application of risk policy / frameworks
  • Demonstrated capability to apply risk management concepts, analysis and support to strategic decision-making processes
  • Demonstrable people and managerial leadership experience in a matrixed and multi-jurisdictional organization
  • Outstanding interpersonal and influencing skills; Possess personal credibility and ability to influence stakeholders at all levels, particularly senior colleagues.

    • Desirable :

  • Postgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM.
  • Experience of developing teams in a multi-jurisdictional and matrixed organization.
  • Understanding and experience of BCBS frameworks, particularly those relating to risk and capital.
    • Create a job alert for this search

    Vice President • navi mumbai, maharashtra, in

    Related jobs
    • Promoted
    Risk Management – Algo Trading – Vice President (VP)

    Risk Management – Algo Trading – Vice President (VP)

    NomuraMumbai, Maharashtra, India
    Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions.By connecting markets East & West, Nomura services the needs of individuals, i...Show moreLast updated: 25 days ago
    • Promoted
    Vice President - Product Implementation

    Vice President - Product Implementation

    Knight FinTechMumbai, Maharashtra, India
    We are looking to onboard highly skilled individuals who are eager to take on cutting-edge challenges and join one of the fastest-growing FinTech companies in the Digital Lending / Treasury industry....Show moreLast updated: 30+ days ago
    • Promoted
    • New!
    Model Risk - Risk Process Validation Group (RPVG), Director, Firm Risk Management

    Model Risk - Risk Process Validation Group (RPVG), Director, Firm Risk Management

    Morgan StanleyMumbai, India
    Risk Process Validation Group - Director.We're seeking someone to join our team as a Director in Model Risk - Risk Process Validation Group. In the Firm Risk Management division, we advise businesse...Show moreLast updated: 21 hours ago
    • Promoted
    • New!
    Enhanced Due Diligence - Vice President - ISG Management

    Enhanced Due Diligence - Vice President - ISG Management

    Morgan StanleyMumbai, India
    Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve ...Show moreLast updated: 21 hours ago
    • Promoted
    CAT MODELLING

    CAT MODELLING

    EliteRecruitmentsMumbai, IN
    Catastrophe Modelling professionals.The ideal candidate will have strong hands-on experience in.If you're looking to make a tangible impact in the insurance analytics domain, apply now!.Analyze exp...Show moreLast updated: 27 days ago
    • Promoted
    Vice President,Sales

    Vice President,Sales

    RealyticsThane, IN
    Realytics is a pioneering Competitive Intelligence and Performance analytics platform specifically designed for offline businesses, bridging the data gap between online and offline retail environme...Show moreLast updated: 21 days ago
    • Promoted
    Senior Vice President-Tech Delivery

    Senior Vice President-Tech Delivery

    Intellect Design Arena LtdMumbai, Maharashtra, India
    Senior Vice President – Delivery (Core Banking, Payments & Liquidity).As Senior Vice President – Delivery, you will lead the end-to-end delivery of large-scale, multi-stream banking transformation ...Show moreLast updated: 30+ days ago
    • Promoted
    • New!
    Senior AI Solutions Engineer_ Vice President _Software Engineering

    Senior AI Solutions Engineer_ Vice President _Software Engineering

    Morgan StanleyMumbai, India
    Senior AI Solutions Engineer_ Vice President _Software Engineering.We're seeking someone to join our team as Senior AI Solution Engineer will be a part of our Cyber Data Risk & Resilience team, to ...Show moreLast updated: 21 hours ago
    • Promoted
    Vice President - Engineering

    Vice President - Engineering

    Intellect Design Arena LtdMumbai, Maharashtra, India
    We’re Hiring : Vice President – Engineering | Mumbai Are you a seasoned technology leader with a passion for driving innovation in the Banking domain ? This is your chance to make a mark.We are lo...Show moreLast updated: 17 days ago
    • Promoted
    Vice President of Sales

    Vice President of Sales

    AviateThane, IN
    At Humantic AI, our mission is to humanize the internet.Our product is at the cutting-edge of AI, Psychology and large-scale data. We believe that we have an opportunity (and even a responsibility) ...Show moreLast updated: 21 days ago
    • Promoted
    Anaplan Developer with Level 3 Model Builder certification

    Anaplan Developer with Level 3 Model Builder certification

    TechBliss Digital Solution Pvt. Ltd.Thane, IN
    Level 3 Model Builder certification is mandatory.An Anaplan Model Builder designs, builds, and maintains Anaplan models to support business planning and forecasting. They work with various teams to ...Show moreLast updated: 21 days ago
    • Promoted
    Lead FlexPLM

    Lead FlexPLM

    KMM Technologies, Inc.Thane, IN
    There is an urgent resource need with PTC FlexPLM software implementation experience.Senior Developer / Team Lead level role. The work schedule should overlap 9am-2pm US EST.Years of experience implem...Show moreLast updated: 22 days ago
    • Promoted
    • New!
    Market Risk Analytics - Incremental RIsk Charge, Vice President, Firm Risk Management

    Market Risk Analytics - Incremental RIsk Charge, Vice President, Firm Risk Management

    Morgan StanleyMumbai, India
    Position Background and Responsibilities.Morgan Stanley recruits quantitative research associates for the Risk Analytics Department. The ideal candidate will be actively involved in market risk mode...Show moreLast updated: 21 hours ago
    • Promoted
    • New!
    Business Risk Management - Risk Lead - Vice President

    Business Risk Management - Risk Lead - Vice President

    State Street CorporationMumbai, India
    We are looking for a Vice President - Business Unit aligned Risk Lead, who will provide leadership and support in mitigating risk from within the first line of defense (FLOD) through engagement and...Show moreLast updated: 21 hours ago
    • Promoted
    • New!
    Model Validation Senior Specialist- Derivative Pricing, AVP

    Model Validation Senior Specialist- Derivative Pricing, AVP

    Deutsche BankMumbai, India
    In Scope of Position based Promotions (INTERNAL only).Model Validation Senior Specialist- Derivative Pricing, AVP.Model Risk Management's mission is to manage, independently and actively, model ris...Show moreLast updated: 21 hours ago
    • Promoted
    Sr PTC FlexPLM Developer / Lead

    Sr PTC FlexPLM Developer / Lead

    KMM Technologies, Inc.Thane, IN
    Position Name : Sr PTC FlexPLM Developer / Lead.Work Hours : M-F Working Hours : 9am EST to 2pm US EST.There is an urgent resource need with PTC FlexPLM software implementation experience.Senior Develop...Show moreLast updated: 21 days ago
    • Promoted
    Director -Technology Leader

    Director -Technology Leader

    IDfyMumbai, Maharashtra, India
    IDfy is an Integrated Identity Platform offering products and solutions for KYC, KYB, Background Verifications, Risk Assessment, and Digital Onboarding. We establish trust while delivering a frictio...Show moreLast updated: 30+ days ago
    • Promoted
    VP Solutions Consulting

    VP Solutions Consulting

    Searce IncMumbai, Maharashtra, India
    Solutions Consulting | Executive.Modern tech solutions advisory & 'futurify' consulting as a Searce P&L leader and a fds (‘forward deployed solver’) with revenue accountability from net-new account...Show moreLast updated: 6 days ago
    • Promoted
    • New!
    Model Validation - Investment Management Models, VP

    Model Validation - Investment Management Models, VP

    Deutsche BankMumbai, India
    Job Title : Model Validation - Investment Management Models, VP.DWS Group (DWS) is one of the world's leading asset managers with EUR 841bn of assets under management (as of 31 March 2023).Building ...Show moreLast updated: 21 hours ago
    • Promoted
    • New!
    MSET QR Strats Analytics -Index Rebal Python _ Vice President _ Institutional Equity Division

    MSET QR Strats Analytics -Index Rebal Python _ Vice President _ Institutional Equity Division

    Morgan StanleyMumbai, India
    From global institutions to hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instrument in all the world's financial ma...Show moreLast updated: 21 hours ago