Mashreq - Senior Manager - Model Risk Management

1 week ago


Bengaluru, India Mashreq Global Services Private Limited Full time

Senior Manager Model Risk Management.- The primary role of the incumbent is to conduct and manage the end-to-end validation and governance of models across the bank, in line with regulatory requirements.- The role requires regular coordination with stakeholders, management of the Model Oversight Committee, maintenance of the model inventory, and supervision/training of junior team members.- The incumbent will work closely with the Head of MRM to ensure all model risk related regulatory requirements are met.- Manage and conduct validation/governance activities related to models used across the bank, including Credit, Market, Operational, AML, Marketing and other non-risk models.- Examples of models include: PD, EAD, LGD, Stress Testing, IFRS9, VaR/PSRE/CVA etc.- Maintain the Model Inventory and assist in regular reporting of model risk.- Prepare responses to questions/findings from Audit and/or Regulators.- Manage stakeholder interaction with model developers and business owners during the model life cycle.- Prepare and/or review validation reports to ensure they meet regulatory guidelines and best industry standards.- Review model validation reports published by external vendors to ensure compliance to Model Risk Management policy.- Review adherence to Model Risk Management policy and regulatory requirements for each model listed in the inventory.- Active participation in activities related to Model Oversight Committee.- 5-8 years of experience in the BFSI sector with understanding of risk management and modelling processes.- Experience should specifically be in a quantitative role in either model development or validation areas.- Bachelor's in Statistics, Mathematics, Quantitative Finance, Engineering, or related fields.- Practical experience with handling large datasets and building/testing models using Python, R, and SAS.- Good knowledge and understanding of a variety of model development and validation testing techniques covering risk and non-risk models.- Excellent writing and communication skills in order to produce/finalize high quality validation reports and present them to various types of audiences. -Demonstrated project management and organizational skills and capability to handle multiple projects at one time.- Outstanding interpersonal skills, to manage relationships with various stakeholders including model developers, business users, external consultants etc.- The leading financial institution in MENA. While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. (ref:iimjobs.com)



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