Talent.com
Vice President - Model Developer (Wholesale Risk)

Vice President - Model Developer (Wholesale Risk)

MashreqMumbai, 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 • Mumbai, IN

    Related jobs
    • Promoted
    Vice President - Architecture, Data and Python Engineering

    Vice President - Architecture, Data and Python Engineering

    ConfidentialMumbai
    JPMorgan Chase, empowers financial advisors and enterprise partners to break down barriers to financial progress, improve client outcomes, and grow their business through intelligence, technology, ...Show moreLast updated: 3 days ago
    • Promoted
    Risk Management - Risk Methodology - Vice President

    Risk Management - Risk Methodology - Vice President

    NomuraMumbai, Mumbai (district)
    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: 6 days ago
    • Promoted
    Associate Vice President

    Associate Vice President

    Vivaconnect Pvt LtdMumbai
    Role Overview : The AVP - Engineering will lead high-performing teams, drive technical strategy, and ensure successful delivery of scalable products.This role blends ...Show moreLast updated: 30+ days ago
    • Promoted
    LogiNext - Vice President - Product Engineering

    LogiNext - Vice President - Product Engineering

    LogiNextMumbai
    Job Description : LogiNext is looking for a Vice President of Product Engineering to head the engineering for a highly scalable, secure and high-perf...Show moreLast updated: 30+ days ago
    • Promoted
    VP - Product (Platform)

    VP - Product (Platform)

    ConfidentialMumbai
    Dream11 is seeking a visionary.AI / ML, and developer experience.If you have extensive experience building B2B SaaS or internal platform products, a proven track record in a leadership role, and a pa...Show moreLast updated: 30+ days ago
    • Promoted
    Risk Methodology Vice President

    Risk Methodology Vice President

    ConfidentialMumbai, India
    About BNP Paribas India Solutions.Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's leading bank with an international reach.With del...Show moreLast updated: 22 days ago
    • Promoted
    Vice President, Engineering Management Lead – Agentic AI

    Vice President, Engineering Management Lead – Agentic AI

    GenpactMumbai, IN
    Ready to build the future with AI? At Genpact, we don’t just keep up with technology—we set the pace.AI and digital innovation are redefining industries, and we’re leading the charge.Genpact’s AI G...Show moreLast updated: 5 days ago
    • Promoted
    Risk Management - Risk Methodology – Vice President

    Risk Management - Risk Methodology – Vice President

    NomuraMumbai, Maharashtra, India
    Nomura Overview : 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...Show moreLast updated: 6 days ago
    • Promoted
    JP Morgan Chase - Vice President - Credit Risk Modelling & Innovation

    JP Morgan Chase - Vice President - Credit Risk Modelling & Innovation

    JP Morgan ChaseMumbai, India
    Are you passionate about building innovative products that transform risk management in banking? Join our Credit Risk Innovation team where you'll combine quantitative modelling, product devel...Show moreLast updated: 17 days ago
    • Promoted
    Assistant Vice President - Capital Models Market risk

    Assistant Vice President - Capital Models Market risk

    Zodnik SolutionsMumbai, India
    Description : Role Overview : The role involves contributing to the development, enhancement, and validation of FRTB Capital Models under both Inte...Show moreLast updated: 11 days ago
    • Promoted
    Vice President - Algo Trading Risk - Global Risk Management

    Vice President - Algo Trading Risk - Global Risk Management

    Zodnik SolutionsMumbai, India
    Role Overview We are seeking an experienced Vice President to join our Global Risk - Algo Trading team in Powai.This role provides oversight of Electronic and Algorithmic Tradi...Show moreLast updated: 30+ days ago
    • Promoted
    JP Morgan Chase - Vice President - Controls Room Data Management

    JP Morgan Chase - Vice President - Controls Room Data Management

    JP Morgan ChaseMumbai, India
    Description : The Firmwide Control Management mission is to solidify an effective control framework within and across the lines of business by identi...Show moreLast updated: 1 day ago
    • Promoted
    VP - Treasury Model Development

    VP - Treasury Model Development

    ConfidentialMumbai
    Developing Treasury Models / PPNR / IRBB / Interest risk / credit risk models / CCAR models.Development of econometric forecasting models for key Balance sheet and income statement line items for capita...Show moreLast updated: 30+ 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
    JP Morgan Chase - Vice President - Credit Risk Modelling & Innovation - Corporate & TCIO

    JP Morgan Chase - Vice President - Credit Risk Modelling & Innovation - Corporate & TCIO

    J.P. Morgan Services India Private LimitedMumbai, India
    JOB DESCRIPTION Are you passionate about building innovative products that transform risk management in banking? Join our Credit Risk Innovation team where youll comb...Show moreLast updated: 12 days ago
    • Promoted
    Model Market Risk (XVA / IMM Pricing Models), Vice President, Firm Risk Management

    Model Market Risk (XVA / IMM Pricing Models), Vice President, Firm Risk Management

    Morgan StanleyMumbai, India
    Model Validation - Vice President.We're seeking someone to join our team as a Vice President for Model validation in XVA pricing / IMM capital experience. In the Firm Risk Management division, we ad...Show moreLast updated: 13 days ago
    • Promoted
    Idealake - Vice President - Technology

    Idealake - Vice President - Technology

    IDEA LAKE INFORMATION TECHNOLOGIES PRIVATE LIMITEDMumbai, India
    Vice President - Technology Overview The Technology Head leads technology strategy and execution for the organization, directing major initiatives across application architect...Show moreLast updated: 2 days ago
    • Promoted
    Credit Risk Modelling & Innovation VP - Corporate & TCIO

    Credit Risk Modelling & Innovation VP - Corporate & TCIO

    ConfidentialMumbai, India
    Are you passionate about building innovative products that transform risk management in banking Join our Credit Risk Innovation team where you'll combine quantitative modelling, product development...Show moreLast updated: 18 days ago