Senior Manager-model Risk Management.rmg-model Risk Management

3 weeks ago

Bangalore Karnataka, India Mashreq Bank Full time

Job Category NES Job Group 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 Responsibilities 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 Qualifications 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 About Us 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 Together we pioneer key innovations and developments in banking and financial services Our mandate To help customers find their way to Rise Every Day partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success Delivering superior service to clients by leading with innovation treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value We actively contribute to the community through responsible banking in our mission to inspire more people to Rise

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