Only 24h Left: Model Risk Audit

4 weeks ago


Navi Mumbai Mumbai City Mumbai, India Skillventory Full time
Job Description

We are seeking a Model Risk Auditor to review and assess the governance, development, and implementation of various models used in the financial services industry. You will evaluate the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques. This role requires a professional with a master's degree and strong skills in programming, data analysis, and report drafting to identify anomalies and recommend corrective actions.

Roles & Responsibilities:

- Model Assessment: Review and assess model governance, development, validation, documentation, and implementation to evaluate the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques.
- Audit Automation & Data Analysis: Automate audit testing by utilizing a variety of modeling, data analysis, and programming tools. Analyze large, complex data sets to identify anomalies, trends, and risks.
- Functional Domain Evaluation: Evaluate models across multiple functional domains such as wholesale, retail, and fraud.
- Audit Reporting: Draft detailed audit reports with assessment details, prepare supporting work papers, document observations with implications, and recommend corrective actions.
- Audit Support: Contribute to one or more areas of audit covering risk functions like Credit Risk, Market Risk, Operational Risk, ICAAP, and ERM, as per RBI guidelines.
- External Coordination: Coordinate and support the bank's compliance team during RBI Audits and other external audits.

Skills Required:

- Strong understanding of the model risk function and various modeling techniques used in the banking industry.
- Proficiency with Python/R, SQL Server, SAS, Excel, JIRA, and Bitbucket.
- Experience in model development, validation, or model risk audit.
- Ability to work with large, complex data sets.
- Excellent communication (both verbal and written) and interpersonal skills.
- Experience in drafting detailed audit reports.
- Knowledge of risk management processes like Market, Credit, Operational, ALM, Capital adequacy, and Fraud is a plus.

QUALIFICATION:

- A master's degree in Statistics, Mathematics, or a related field.

  • Mumbai City, Navi Mumbai, Mumbai, India beBeeModelGovernance Full time US$ 90,000 - US$ 1,20,000

    Model Governance Risk SpecialistWe are seeking a skilled Model Governance Risk Specialist to review and assess the effectiveness of various models used in the financial services industry. The ideal candidate will have a strong background in statistical and machine learning techniques, with expertise in model governance, development, validation,...


  • Mumbai City, Navi Mumbai, Mumbai, India beBeeDataAnalyst Full time ₹ 15,00,000 - ₹ 20,00,000

    Role and ResponsibilitiesThe primary function of this position involves evaluating the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques.Review and assess model governance, development, validation, documentation, and implementation to evaluate the effectiveness of the scoring, economic capital,...

  • Model Risk Audit

    3 days ago


    Mumbai, Maharashtra, India JPMorganChase Full time

    Join the model risk audit team as an experienced audit associate reporting locally to an Audit Director in India. As a **Model Risk Audit - Associate**within the Model Risk Artificial Intelligence/Machine Learning Audit team, you will have exposure to a variety of modeling techniques (AI/ML and non-AI/ML) and their unique limitations spanning all lines of...

  • Model Risk Audit

    1 day ago


    Mumbai, Maharashtra, India JPMorganChase Full time

    **JOB DESCRIPTION** Join the model risk audit team as an experienced audit associate reporting locally to an Audit Director in India. As a **Model Risk Audit - Associate**within the Model Risk Artificial Intelligence/Machine Learning Audit team, you will have exposure to a variety of modeling techniques (AI/ML and non-AI/ML) and their unique limitations...


  • Mumbai, Maharashtra, India Celebal Technologies Full time

    Senior Data ModelerLocation: navi MumbaiDuration: Full TimeImmediate Start OnlySkills:- 10-12 years of experience in Data Modeling- Strong Data modeling (Conceptual, Logical, Physical, 3nF, Dimensional) at both a project and enterprise level- Dimensional Modeling with experience in crafting conformed dimensions that can be used across Business Units.- Data...


  • Navi Mumbai, Mumbai City, Mumbai, India Skillventory Full time

    Job DescriptionWe are seeking a Head - Internal Audit to lead and execute internal audits for retail lending, liability products, and branch operations. You will be responsible for reviewing and assessing internal controls and risk management processes, as well as developing audit plans and programs. This role requires a strong leader who can supervise a...

  • Chief Audit Officer

    2 days ago


    Mumbai, Maharashtra, India beBeeAudit Full time ₹ 8,00,000 - ₹ 12,00,000

    Job OverviewInternal Audit ManagerAbout the Role:As an Internal Audit Manager, you will be responsible for leading internal audit assignments and ensuring they are executed according to established methodologies and regulatory requirements.Responsibilities:Coordinate and manage internal audit teams to execute audits of listed entities, public, and private...

  • Only 24h Left AVP

    2 weeks ago


    Mumbai, Maharashtra, India Liberty Mutual Full time

    Job DescriptionProfile / Function:- Third-party financial crimes prevention, monitoring, and mitigation- Design and implement processes, policies, and systems to identify and mitigate various third-party risks, including corruption risks- Build a strong internal network to better understand the organization's exposure to financial crime risks and proactively...


  • Mumbai, Maharashtra, India beBeeModelRiskManagement Full time

    Role Summary:">The Model Risk Management Group is responsible for conducting model validation to identify, measure, and mitigate model risk.">Key Responsibilities:">Oversee maintaining the group's governing policies and procedures.Work on consistency, best practices, and improvements to model risk management processes.Be part of the central Governance team,...


  • Mumbai, Maharashtra, India beBeeModelValidation Full time US$ 1,50,000 - US$ 2,20,000

    Model Validation Role About the role, we are seeking a skilled professional to join our team as a Model Validation Specialist. In this exciting opportunity, you will play a key part in ensuring the accuracy and reliability of our models. Job Description: The primary objective of this role is to validate and verify the effectiveness of quantitative...