Crisil - Associate Director - Banking Book Model Risk Management
4 weeks ago
About CRISIL Limited
CRISIL is a leading, agile, and innovative global analytics company driven by its mission of making markets function better.
It is Indias foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.
It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, Singapore, Australia, Switzerland, Japan, and the United Arab Emirates (UAE).
It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.
CRISIL is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law.
To know more: www.crisil.com
Life at CRISIL
Be the impact
Drive growth with a strong sense of purpose.
Create lasting impact that affects individuals, businesses, and the society at large.
That's what 'Life@CRISIL' is all about.
This is where you unlock the next chapter of your career - fueled by our caring culture which encourages you to learn and innovate, an environment that fosters positivity through our people-first approach and an attractive rewards & benefits program that puts your growth in the spotlight. An inspiring setting where you will find the brightest minds, inspiring you to unleash your potential.
CRISIL is a place where your ideas and opinions are always welcome, and continuous learning is the norm. Because we know thats what it takes to solve the biggest real-world challenges and move the needle in the direction of unexplored future possibilities. All without compromising on our strong ethics.
So go ahead. Unlock the next chapter of your career.
Be the impact that transforms the world.
About CRISIL Global Research & Risk Solutions (GR&RS)
CRISIL GR&RS is a leading provider of high-end research, risk and analytics services. We are the world's largest provider of equity and fixed-income research support to banks and buy-side firms. We are also the foremost provider of end-to-end risk and analytics services that include quantitative support, front and middle office support, and regulatory and business process change management support to trading, risk management, regulatory and CFO functions at world's leading financial institutions. We also provide extensive support to banks in financial crime and compliance analytics. We are leaders in research support, and risk and analytics support, providing it to more than 75 global banks, 50 buy-side firms covering hedge funds, private equity, and asset management firms. Our research support enables coverage of over 3,300 stocks and 3,400 corporates and financial institutions globally. We support more than 15 bank holding companies in their regulatory requirements and submissions. We operate from 7 research centers in Argentina, China, India, and Poland, and across several time zones and languages.
Department - GR&RS
Job Description
Job Summary:
Seeking a highly experienced professional with exposure to development/validation, and oversight of banking book models. The successful candidate will play a key role in managing model risk across the banking book, including market, interest rate risk (IRRBB), credit, and climate-related financial risk, ensuring alignment with regulatory requirements and internal risk frameworks. This role requires deep technical expertise in risk modelling, strong knowledge of banking regulations, and the ability to effectively communicate complex concepts to senior stakeholders.
Key Responsibilities:
- Lead the design, development, and validation of banking book risk models, including credit, climate, market, and interest rate risk models (IRRBB).
- Ensure compliance with regulatory standards such as Basel III/IV, IRRBB, and other applicable local regulatory frameworks.
- Collaborate with cross-functional teams (Risk, Finance, Treasury) to integrate models into the broader risk management framework.
- Perform regular model performance monitoring, backtesting, benchmarking, and sensitivity analyses.
- Knowledge of Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for retail and wholesale portfolios.
- Provide model risk reporting to senior management and the risk committee, ensuring transparency and clarity on model performance and risk exposures.
- Knowledge of integrating climate risk into banking book models, assessing its impact on credit and market risk. Sufficient understanding of climate stress-testing models in alignment with emerging regulatory guidelines (e.g., ECBs Guide on Climate-Related and Environmental Risks, PRA SS3/19).
- Oversee model governance, ensuring all models meet internal model risk management standards and adhere to the three lines of defense model.
- Engage with regulatory bodies during model audits and validations, addressing any feedback or findings.
- Drive initiatives to automate and streamline the model development and validation process through the use of advanced analytics and technology tools.
Qualifications and Experience:
- Minimum of 10-15 years of experience in banking book modelling, validation, and risk management.
- Strong expertise in IRRBB, market and credit risk models.
- Knowledge of climate risk and its application within the banking book risk management framework.
- Deep understanding of Basel III/IV, IRRBB guidelines, and other relevant regulatory requirements.
- Proficiency in programming languages (e.g., Python, R, SAS) and advanced analytics techniques.
- Strong stakeholder management skills, with the ability to communicate complex technical concepts to non-technical audiences.
- Experience with model risk governance and regulatory engagement.
Education: Master's degree or PhD in Finance, Economics, Mathematics, or related fields.
Open Positions - 1
Mandatory Skills - IRRBB, Banking Book, Credit Risk Management, Credit Risk, climate risk
Location - Mumbai, Maharashtra, India
Experience - 10 to 15 Years
(ref:iimjobs.com)-
Mumbai, India Crisil Limited Full timeAbout CRISIL LimitedCRISIL is a leading, agile, and innovative global analytics company driven by its mission of making markets function better.It is Indias foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.It has delivered independent opinions, actionable...
-
Crisil Market Research Director
3 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAbout Crisil LimitedCrisil Limited is a leading provider of analytical, data and risk management solutions to the financial services sector.
-
Mumbai, India Crisil Limited Full timeAbout CRISIL LimitedCRISIL is a leading, agile, and innovative global analytics company driven by its mission of making markets function better.It is Indias foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.It has delivered independent opinions, actionable...
-
Mumbai, India Crisil Limited Full timeAbout CRISIL LimitedCRISIL is a leading, agile, and innovative global analytics company driven by its mission of making markets function better.It is Indias foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.It has delivered independent opinions, actionable...
-
Transaction Banking Specialist at Crisil
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAbout the RoleCrisil Limited is seeking a talented Vice President to join our team as a Transaction Banking specialist. The successful candidate will have the opportunity to work on various projects, including industry and financial research, contributing to internal knowledge building efforts.Responsibilities:Conduct industry and financial research to...
-
Investment Banking Quantitative Analyst
3 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeThe Crisil Limited team is seeking an experienced Investment Banking Quantitative Analyst to join our Mumbai office. As a key member of our team, you will be responsible for conducting benchmarking analytics to support clients and contributing to the internal knowledge building efforts of Coalition Greenwich.About the PositionThis is an exciting opportunity...
-
Crisil - Senior Manager - Transaction Banking
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeJob DescriptionWe are seeking a highly skilled Vice President to join our team as a Transaction Banking specialist at Crisil Limited. The successful candidate will have the opportunity to work on various projects, including industry and financial research, contributing to internal knowledge building efforts.Key Responsibilities:Manage and/or work with a team...
-
Credit Risk Manager
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAbout Crisil LimitedAt Crisil Limited, we provide high-end research, risk and analytics services to global financial institutions.Our team of experts works closely with clients to deliver tailored solutions that meet their specific needs.Job Title: Credit Risk Manager - Global Financial InstitutionsLocation: Mumbai (Airoli)Salary: ₹18 lakhs per annumThis...
-
Crisil - Vice President - Transaction Banking
3 months ago
Mumbai, India Crisil Limited Full timeAbout CRISIL LimitedCRISIL is a leading, agile, and innovative global analytics company driven by its mission of making markets function better.It is Indias foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.It has delivered independent opinions, actionable...
-
Crisil - Senior Business Development Manager
3 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAbout Crisil LimitedCrisil is a global analytical company providing ratings, research, and risk and policy advisory services. As India's leading ratings agency, we are also the foremost provider of high-end research to the world's largest banks and leading corporations.We deliver analysis, opinions, and solutions that make markets function better. Our strong...
-
Information Security-grc
2 weeks ago
Powai, Mumbai, Maharashtra, India CRISIL Full time**Role / Designation**: Manager - Information Security Governance, Risk & Compliance Job Level: 12A/13A Job location: Mumbai Employment type: On-Roll Reporting Manager: Chief Information Security Officer Accountabilities: 1. Establishing and maintaining Information security program conforming to ISO/IEC 27001:2015 for uplifting the cyber resilience and...
-
Risk Management Professional
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeCrisil LimitedJob Summary:We are seeking a Risk Management Professional to join our team at Crisil Limited. In this role, you will be responsible for identifying and mitigating risks to our organization.The ideal candidate will have 6-8 years of experience in risk management, with a strong understanding of industry best practices. You will work closely with...
-
Crisil - Financial Services Professional
3 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeWe are seeking an experienced Investment Banking Professional to join our team at Crisil Limited in Mumbai. As a key member of our team, you will be responsible for conducting benchmarking analytics to support clients and contributing to the internal knowledge building efforts of Coalition Greenwich.About the OpportunityThis is an exciting opportunity for a...
-
Risk Management Specialist
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeJob Overview:Crisil Limited is seeking a skilled Risk Management Specialist to join our team. This role plays a crucial part in the company's success, focusing on structured finance transactions of moderate to high complexity.About the Role:We are looking for an experienced professional with strong analytical skills and proficiency in Excel. As a Risk...
-
Senior Manager Transaction Banking
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeJob OverviewCrisil Limited is seeking a highly skilled Senior Manager to lead our Transaction Banking team. The successful candidate will be responsible for managing a team of analysts, conducting industry and financial research, and contributing to internal knowledge building efforts.Key Responsibilities- Manage and work with a team of analysts on multiple...
-
Transaction Banking Expert
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAt Crisil Limited, we are seeking a highly skilled Transaction Banking Expert to join our team. This role involves conducting industry and financial research to support clients and contributing to internal knowledge building efforts.The successful candidate will have the opportunity to lead a team and build and maintain models to estimate granular, product...
-
Credit Risk Management Professional
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeJoin Our TeamCrisil Limited is a leading provider of credit ratings and research services. We empower investors, corporations, and financial institutions with accurate and independent assessments of credit risk.About the PositionWe are seeking a highly skilled Credit Risk Management Professional to join our team. The successful candidate will assist the Team...
-
Crisil - Research Analyst
1 month ago
Mumbai, India Crisil Limited Full time- CRISIL Market Intelligence & Analytics, a division of CRISIL, provides independent research, consulting, risk solutions, and data & analytics. Our informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies.- Our strong benchmarking capabilities,...
-
Data Analyst
3 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAbout Crisil LimitedWe are a leading global analytics company driven by our mission to make markets function better.Our strong track record of growth, culture of innovation, and global footprint enable us to deliver independent opinions, actionable insights, and efficient solutions to over 100,000 customers worldwide.As a majority-owned subsidiary of S&P...
-
Financial Analyst
4 weeks ago
Mumbai, Maharashtra, India Crisil Limited Full timeAbout Crisil LimitedWe provide extensive support to global financial institutions through our high-end research, risk and analytics services.Our team of experts uses advanced analytics and machine learning techniques to identify potential risks and opportunities.Job Title: Financial Analyst - Crisil GR&RSLocation: Mumbai (Airoli)Salary: ₹12 lakhs per...
