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Risk Modeling

2 months ago


Kanpur, India Outsized India Private Limited Full time

At Outsized, we match clients in financial services and management consulting to high-quality independent consultants and boutique/specialist firms for the execution of their key projects.

Our client is a leading Consulting firm. We are thrilled to announce a client-facing role within our Clients Financial Services-Risk Management practice in the MENA region. This position is initially a 6 month contractual position with a high probability of extension and offers a unique opportunity for a skilled professional to advise clients on financial risk analytics, providing expertise across a spectrum of risk management areas.

The ideal candidate will bring a wealth of experience in model development, model validation, model governance frameworks, stress testing, and portfolio analytics and reporting. This role is not only about applying existing skills but also about pushing the boundaries of financial risk management to protect and enhance client value.

Key Responsibilities:

- Design, develop, and implement advanced statistical models and machine learning algorithms to quantify and predict various types of risks, such as credit risk, customer segmentation, IFRS 9 etc.

- Develop probability of default (PD), loss given default (LGD), and exposure at default (EAD) models, underwriting models etc. using techniques such as logistic regression, decision trees, and ensemble methods.

- Employ predictive modelling approaches such as regression analysis, time series forecasting and machine learning algorithms (e.g., random forests, gradient boosting) to extract actionable insights and support risk management strategies.

- Stay up-to-date with the latest industry trends and best practices to guide the team in delivering cutting-edge solutions.

- Perform rigorous validation of models to ensure accuracy, reliability, and adherence to regulatory requirements (e.g., Basel framework).

- Experience in writing model validation reports with recommendations and knowledge of BIS working paper 14.

Your Background:

- Experience: 6 to 10 years in financial services advisory or leading consulting firms, specializing in FS Advisory or working in credit risk/ ERM departments in Banks

- Education: A Bachelor's or Master's in quantitative disciplines or an MBA (Finance) from a leading business school. Professional qualifications like Chartered Accountancy, FRM, SCR, or CFA are advantageous.

- Skills: Expertise in MS Excel, PowerPoint, Word, and data modelling software (R, SAS, Python). Strong analytical, interpersonal, communication, and presentation skills are essential.

- Personal Attributes: Creative thinker with rigorous analytical skills, high energy, meticulous attention to detail, and the ability to multitask. Willingness to travel and second language skills are beneficial.

Other Important Information:

- This role is based in Riyadh, KSA and requires readiness to engage in frequent travel based on client requests. The successful candidate will work in a dynamic, collaborative environment, requiring strong team orientation and the capacity to mentor junior resources. This position offers an unparalleled opportunity to impact financial institutions' resilience and strategic decision-making through advanced risk management practices.

- This is a contractual opportunity with an initial 6-month contract (extendable). This role is based in Riyadh, KSA.

(ref:iimjobs.com)