VP & Head- Non-Retail Credit- ICAAP Validation
3 weeks ago
Job Description
Job Purpose:
The purpose of the job is to lead model validation & monitoring team for non-Retail models within GBS. The coverage scope will initially include Credit Risk/IFRS9/Credit for non-Retail portfolios along with ICAAP Stress Testing models, which may be extended based on the requirement. The current number of models are around 40.
The candidate would be required to closely support non-retail Model Validation team in HO and work with other stakeholders, internal and external, to understand the requirements and perform validation and monitoring of all new and existing models in the inventory in a high quality, time bound manner while being fully compliant with Audit and Central Bank requirements.
This is a specialized quantitative role and requires candidate with strong statistical background, technical knowledge and industry experience of risk models for non-Retail portfolios and stress testing models. The candidate should have complete understanding of all major statistical tests used for modelling viz. model stability, accuracy and risk discrimination and their consequent impact on Bank’s risk profile.
The person will be responsible for leading delivery of validation and monitoring of non-Retail risk models / ICAAP models, supporting the validation team in HO in planning their model validation & monitoring cycle.
The job also requires ensuring close tracking of model risks and keeping the Model validation team in HO regularly updated, supporting the HO team in supporting business and model development teams with model improvement suggestions, ensuring Auditors and Central bank expectations on Model Risk are regularly met.
Key Accountabilities:
For the non-Retail credit risk & ICAAP models, the key accountabilities, which are currently envisaged, are as below:
Fully understand all major statistical tests used for modelling viz. model stability, accuracy and risk discrimination and their consequent impact on Bank’s risk profile. Design appropriate validation technique and ensure implementation of same. Planning and execution of validation and monitoring calendar to meet business, audit and different central bank requirements (different locations). Assist VP, Head of non-retail Model Validation (UAE HO) in external and internal stakeholder engagement with respect to non-retail model validation and monitoring. Responsible for adherence to compliance requirements. Supervise GBS team members who are involved in non-Retail model validation/monitoring process. Provide regular report to senior management on model risk dashboards, suggest pro-active remedial actions, should there be any risk. Version maintainance and update of Model Validation Policy. Online and offline update of model inventory, validation observations and current status, key model risk items along with resolution plan. Develop a team of technical experts, their regular monitoring and performance evaluation.Job Context:
FAB is a large, diversified bank operating in consumer, corporate, investment, transaction and wealth banking, largest in UAE and second largest in MENA by asset size. The bank’s asset size has been increasing over the year across all business lines. Size, breadth and complexity of the portfolio has increased the model complexity along with increasing regulatory scrutiny.
The regulator has strongly advised to develop a team of skilled and experienced internal resource. Regulator expects internal resources to own the methodology and techniques for model validation & monitoring, model governance. The job is hence critical for tracking risk models and ensuring they are fit for purpose, timely escalation of significant model deterioration, keeping close watch on the overall model governance to give confidence to senior management, auditors and regulators.
The job additionally requires review of external environment (economic events, business events and regulatory guidelines) and pro-actively advise corrective action plan.
Qualifications
Minimum Qualification
Master’s degree in quantitative science (statistics, mathematics, economics) from a premier institution, in UAE or abroad.Minimum Experience
10-13 years of experience in successfully executing Model Validation and Monitoring role for a bank of similar product landscape and complexity. Having worked in global delivery model with reputed banks (onshore-offshore) is a plus Should have demonstrated experience in managing a team of experienced modelling professionals particularly Validation and Monitoring. Cross culture experience would be a plus Should have hands-on validation experience on non-Retail Ratings and Regulatory models Regulatory models in addition to ICAAP/ Stress testing models. Comprehensive understanding of traditional and new modelling techniques: linear and logistic regression, timeseries, Decision Tree etc. & Random Forest, XGboost, Neural Networks, etc). Should have experience and strong knowledge SAS, Python and R. Should be willing to learn newer technologies which are open source based and should be comfortable in working in collaborative manner on a cloud based environment. Excellent interpersonal & communication skills – verbal and written Proven experience of developing team of high performers and experience in managing conflicts would be required.-
AVP- Non-Retail Credit Validation
3 weeks ago
bangalore, India First Abu Dhabi Bank Full timeJob Description Job Purpose: FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. FAB GBS India is looking for top talent and...
-
Manager, Model Validation
4 weeks ago
bangalore, India Standard Chartered Bank Full timeRole Responsibilities Support GMV senior manager in performing an independent validation of new and existing models that are used in risk management, capital calculation, stress testing etc. Qualitative review of model development process including underlying assumptions & theoretical basis. Quantitative assessment of model performance via...
-
Head - Credit Card & Credit Line On Upi
2 weeks ago
Bangalore City, India Connexions - Startup Hiring Specialists Full timeRole Head Credit Card & Credit Line on UPI (CC & CL UPI)Company: Private Indian BankLocation: BangaloreReporting To: Head of DigitalGrade: Chief Manager/AGMJob Description:We are seeking a dynamic and experienced leader to head our Credit Card & Credit Line on UPI (CC & CL UPI) business. In this role, you will be responsible for developing and executing our...
-
AVP/VP DS
1 month ago
bangalore, India Credit Saison India Full timeAbout Credit Saison:Neo-Lending Conglomerate here to enable India's credit growth story, Credit Saison India, emboldened by our Global MNC parent, is here to accelerate India's credit growth story: by building a Technology-Led Neo-Lending Conglomerate. Across our verticals, we offer bespoke solutions to meet the variouscredit needs of Individuals, SMEs,...
-
bangalore, India Connexions - Startup Hiring Specialists Full timeRole Head - Credit Card & Credit Line on UPI (CC & CL UPI)Company: Private Indian BankLocation: BangaloreReporting To: Head of DigitalGrade: Chief Manager/AGMJob Description:We are seeking a dynamic and experienced leader to head our Credit Card & Credit Line on UPI (CC & CL UPI) business. In this role, you will be responsible for developing and...
-
Head of Sales
2 weeks ago
bangalore, India Sublime Galleria Full timeJob Description:We are in search of an adept Sales Head with a strong background in the FMCG sector to oversee our sales endeavors with Sublime House of Tea . The ideal candidate will have extensive networks within the hospitality industry, including hotels, restaurants, event management companies, retail stores and corporates. This role involves...
-
bangalore, India AWIPL - Karnataka Full timeAt Amazon we develop devices to enrich our customers’ daily lives through features and services that entertain, inform, and make everyday tasks easier. We continually innovate on behalf of customers, and we pursue the invention and sales of new and engaging devices and services that customers around the world love. We make our devices easily discoverable...
-
Associate Vice President/Vice President
1 week ago
bangalore, India Credit Saison Full timeRole : AVP/VP DS and AnalyticsAbout Credit Saison India :Credit Saison India (registered as Kisetsu Saison Finance (India) Private Limited) is an NBFC registered with the Reserve Bank of India (RBI). CS India is part of Saison International, the global business arm of Credit Saison with a focus on wholesale and direct lending as well as integrated tech...
-
Quality Assurance Engineer
1 month ago
bangalore, India Credit Saison Full timeAbout Credit Saison :Neo-Lending Conglomerate here to enable India's credit growth story, Credit Saison India, emboldened by our Global MNC parent, is here to accelerate India's credit growth story: by building a Technology-Led Neo-Lending Conglomerate. Across our verticals, we offer bespoke solutions to meet the variouscredit needs of Individuals, SMEs,...
-
Associate Vice President/Vice President
1 week ago
Bangalore, India Credit Saison Full timeRole : AVP/VP DS and AnalyticsAbout Credit Saison India :Credit Saison India (registered as Kisetsu Saison Finance (India) Private Limited) is an NBFC registered with the Reserve Bank of India (RBI). CS India is part of Saison International, the global business arm of Credit Saison with a focus on wholesale and direct lending as well as integrated tech...
-
Associate Vice President/Vice President
1 week ago
Bangalore, Karnataka, India Credit Saison Full timeRole : AVP/VP DS and AnalyticsAbout Credit Saison India :Credit Saison India (registered as Kisetsu Saison Finance (India) Private Limited) is an NBFC registered with the Reserve Bank of India (RBI). CS India is part of Saison International, the global business arm of Credit Saison with a focus on wholesale and direct lending as well as integrated tech...
-
Quality Assurance Engineer
2 weeks ago
Bangalore, India Credit Saison Full timeAbout Credit Saison :Neo-Lending Conglomerate here to enable India's credit growth story, Credit Saison India, emboldened by our Global MNC parent, is here to accelerate India's credit growth story: by building a Technology-Led Neo-Lending Conglomerate. Across our verticals, we offer bespoke solutions to meet the variouscredit needs of Individuals,...
-
Quality Assurance Engineer
4 weeks ago
Bangalore, Karnataka, India Credit Saison Full timeAbout Credit Saison :Neo-Lending Conglomerate here to enable India's credit growth story, Credit Saison India, emboldened by our Global MNC parent, is here to accelerate India's credit growth story: by building a Technology-Led Neo-Lending Conglomerate. Across our verticals, we offer bespoke solutions to meet the variouscredit needs of Individuals,...
-
Namaste Credit
1 month ago
bangalore, India Namaste Credit Full timeWe're constantly looking for bright young professionals to join our team to help us create a better loan experience all across India. If you fit the bill, come join us today!About the Company : We are a technology firm, passionate to change the way SME lending functions in developing markets. We are significantly changing the ecosystem by disrupting the old...
-
Namaste Credit
2 weeks ago
Bangalore, India Namaste Credit Full timeWe're constantly looking for bright young professionals to join our team to help us create a better loan experience all across India. If you fit the bill, come join us today!About the Company : We are a technology firm, passionate to change the way SME lending functions in developing markets. We are significantly changing the ecosystem by disrupting the...
-
Lending Service
2 hours ago
bangalore, India Growel Softech Ltd Full timeRole Overview: As a Domain Expert in Lending Suite with a specific focus on Loan Originations, you will be responsible for leveraging your extensive experience and expertise in Auto Loans, Home Loans, and related process areas to guide, mentor, and assist the testing team and customers in preparing and reviewing business scenarios and test scenarios. You...
-
Market Risk- Mumbai, Bangalore
3 weeks ago
bangalore, India Paradise Placement Consultancy Full timeJob Description: 1. Market risk Model lifecycle support (data preparation, development, validation, implementation in production systems, monitoring, governance) 2. Counterparty credit risk Model lifecycle support Models for underlying risk factors, calculation of future potential exposures, aggregation across products and...
-
Retail Head- Luxury Watches- Bengaluru
1 day ago
bangalore, India Michael Page Full timeOne of the largest and most recognizable lifestyle brands in the country One of the leading luxury brands in India with a near 40 year old legacy About Our Client Our client is one of the foremost names in the lifestyle space in the country Job Description - The retail head will create value by providing the vision, leadership,...
-
Manager CRM
4 weeks ago
bangalore, India Standard Chartered Bank Full timeRole Responsibilities Conduct portfolio analytics and deep dives as required by country/regional/Group Retail Credit. Develop credit strategies across the customer lifecycle of Origination, Portfolio Management and Collections. Create insights for Retail Risk by studying portfolio trends, performing necessary analytics such as segmentation,...
-
bangalore, India Siemens Healthcare Private Limited Full timeDo you want to join us in helping to fight the world's most threatening diseases and enabling access to care for more people around the world? At Siemens Healthineers, we pioneer breakthroughs in healthcare. For everyone. Everywhere. We offer you a flexible and dynamic environment with opportunities to go beyond your comfort zone to grow personally and...
