Assistant Manager

1 week ago


Kolkata, West Bengal, India Genpact Full time

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.

Inviting applications for the role ofAssistant Manager/Manager, Model Validation

In this role, you will be responsible for model development, implementation & documentation

Responsibilities

You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models as necessary. Your activities will include, but will not be limited to the following:

Independent model validation, especially comprehensive model validation within 2nd line of defense, using SR 11-7 or similar guidelines

Exhaustive model validation will include conceptual assessment of model's use, methodology, assumptions, limitations and on-going monitoring and control, model's outcome analysis 

Development of benchmark models may be required.

Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques

Prepare model validation report summarizing findings and provide recommendations

Qualifications we seek in you

Minimum Qualifications / Skills

Post-graduate degree / diploma in any of Statistics, Mathematics, Economics / Econometrics, Physics from reputed institutes with courses in Financial Engineering or FRM / CQF Level 1 

Undergraduate degree in Engineering from reputed institutes with courses in Financial Engineering or FRM / CQF Level 1 

Relevantexperience in Banking or Capital Markets, with experience in market risk model validation. 

Good understanding and experience in at least one of the regulatory risk modeling / validation guidelines – SR 11-7, FRTB, Stress Testing, Basel III IMA, CAR: Chapter 9,etc.

Exposure to any treasury system such as Murex, Calypso etc. or market data providers such as Bloomberg and Reuters.

Knowledge ofVaR, Expected Shortfall or Counterparty Credit Risk modelling. 

Knowledge of product valuation in any ofFixed Income or Derivatives 

Knowledge of stochastic models such as Black Scholes, Hull & White, SABR etc) will be added advantage. 

Working knowledge of Excel, Python/R in this field. 

Good communication/presentation skills – written & verbal 

Self-driven, proactive, "can-do" attitude. Ability to work under ambiguity and with minimal supervision 

Preferred Qualifications/ Skills

Strong networking, negotiation and influencing skills 

Some understanding and experience in at least one of the regulatory risk modeling/validation guidelines – SR 11-7, FRTB etc


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