Model Risk Controls Executive Director

5 days ago

Mumbai, India The Edge Partnership - The Edge in Asia Full time

We are seeking a highly skilled and experienced Risk Controls or Risk Audit professional to join an MNC Bank in Mumbai.


The successful candidate will be responsible for driving risk process validation group an independent function in the Model Risk Management, is responsible for validating controls, and process related to Market, Credit, Liquidity, Capital, and Data Risk. This included overseeing:


  • Regulatory capital and stress testing calculations owned by Risk.
  • Regulatory schedules and internal reports managed by Risk.


Some of the key responsibilities will include:

  • Lead the team to perform independent validations of select FRM processes and controls, including those relating to regulatory and Basel requirements.
  • Maintain the RPVG Validation Inventory; design the validation program, annual plan and reassesses the risk-based prioritization approach.
  • Manage and supervise the execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments).
  • Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, and review and sign off the validation documentation.
  • Present validation plans, issues and observations to senior management and relevant management committees.
  • Evolve and enhance the team’s validation methodology and execution capabilities.
  • Manage the interface with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting.
  • Partner with other independent validation teams, e.g., Model Risk Management, Regulatory Reporting Quality Assurance (RRQA), to support a unified validation program end-to-end.
  • Drive the process automation and advanced data analytics initiatives to enhance validation efficiency.
  • Manage, coach and develop local teams.


To be eligible for this role you will require:

  • Bachelor’s or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas.
  • 12+ years of experience from internal audit, risk management or consultancy covering processes and control validation across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk).
  • Experience in process and control validation, data visualization or process automation.
  • Proven ability to successfully lead and manage teams and collaborate with global teams.
  • Excellent ability to develop partnerships across functions and geographies.
  • Strong risk, process, and control validation / testing, and assessment skills.
  • Strong communicator with good interpersonal skills with ability to influence broadly across the organization.
  • Ability to influence and execute the vision for RPVG globally.
  • Pragmatic problem solver and forward thinker.
  • Ability to prioritize and manage multiple competing objectives.


Skills:

  • Strong understanding of banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB) and FRB Capital Planning requirements and practices (e.g., CCAR, DFAST).
  • Experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1 / 23).
  • Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience.
  • Knowledge and experience with data analytics and data visualization tools and systems (e.g., PowerBI, Alteryx, Dataiku, QlikView, Tableau); experience with writing or editing SQL, VBA , Python and / or other programming languages; advanced Excel knowledge.
  • Knowledge and experience with robotic process automation (RPA) (preferred).
  • Relevant certifications or designations (e.g., CFA or FRM) (preferred).


Please contact Anita Shah or email your cv directly in word format with job reference number Job ID: 13429 to anita@theedgepartnership.com


Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days, we regret to inform you that your application for this position was unsuccessful.

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