Model Risk Business Analyst

3 weeks ago

Mumbai, Maharashtra, India Solytics Partners Full time

About Us:

Solytics Partners provide products and services to BFSI and Healthcare firms.

We use AI/ML & cutting-edge technology to develop next generation solutions or provide efficient services.

We have a strong team of PHDs in AI/ML and experts in BFSI, and healthcare industry.

Our regulatory compliantsolutions and servicesenable leading corporations and institutions to create and sustain competitive advantage.

Job Summary:

The role of a Functional Business Analyst in the Model Validation Unit is to translate complex business concepts into system and process requirements that align with regulatory standards and organizational priorities.

This includes ensuring smooth implementation of IT-enabled solutions, providing post-go-live and BAU support, and helping create a robust governance framework for the end-to-end lifecycle of models used in the bank.

Key Responsibilities:

Functional Areas

Model Inventory Management:

- Build and maintain a comprehensive inventory of all models used within the bank, detailing their objectives, data sources, and stakeholders.

Validation Framework & Workflow Implementation:

- Develop and manage standardized workflows for model validation, incorporating rigorous testing and multi-stage approvals.

Performance Monitoring & Issue Tracking:

- Enable real-time monitoring of model performance, flagging anomalies and tracking resolution progress with proper reporting.

Documentation & Central Repository Management:

- Set up a central repository to store model-related documentation, historical data snapshots, and validation reports.

Version Control & Auditability:

- Ensure proper versioning of models with detailed logs to support traceability, audits, and governance.

Collaboration Platform:

- Provide a unified platform for seamless collaboration between data scientists, engineers, and business teams during the model lifecycle.

Transparency & Regulatory Compliance:

- Maintain audit trails and ensure all model-related activities comply with internal and external regulatory requirements.

Business Analyst Responsibilities

Requirement Analysis & Process Design:

- Capture business requirements accurately, design TO-BE processes, and eliminate redundancies to ensure cost-effective and efficient solutions.

Functional Solution Definition:

- Collaborate with vendors to define and finalize functional solutions that align with business needs and regulatory expectations.

Quality Management & Delivery Certification:

- Manage UAT processes, prepare comprehensive test plans, and ensure bug-free, high-quality releases with appropriate system and operational controls.

Production & BAU Support:

- Provide ongoing functional support, analyze production issues, manage enhancements, bug fixes, UAT, deployment, and reporting.

Key Requirements:

- 4 to 8 years of experience, ideally with exposure to:

- Model Governance / Validation workflows.

- Credit/Market Risk Models.

- Workflow-driven applications and Data Lake systems.

- Banking applications with regulatory and risk focus.

- Strong analytical, documentation, and communication abilities.

- Understanding of banking domains: Credit Risk, Market Risk, Rating Models.

- Experience with platforms like IBM Cloud Pak for Data, Solytics Nimbus (preferred).

- Familiarity with tools like Autosys, TNG.

- Vendor coordination and delivery management.

- Knowledge of SDLC, STLC, project management, and performance testing concepts.

(ref:iimjobs.com)

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