Quantitative Risk Management Specialist

2 days ago


anand, India beBeeModel Full time

Job DescriptionA senior quantitative analytics associate will lead independent validations and reviews of various risk models. This role ensures that models are functioning as intended, comply with regulatory requirements, and accurately identify, measure, and report risks to senior management.This position performs in-depth validations and reviews of new and existing models used across the bank, including those for fraud risk, compliance risk (such as AML, OFAC), and other areas. The role involves testing model conceptual soundness, data accuracy, methodology, and ongoing performance through techniques like backtesting, benchmarking, and stress testing.The associate provides an effective challenge throughout the model validation/review process to ensure robust models with justified assumptions and limitations. Findings, weaknesses, and observations are presented to model developers/owners along with executable finding remediations.Detailed validation reports and memos document the validation approach, findings, and conclusions. The associate participates in internal audits and regulatory exams by presenting validation results and methodologies and assisting in remediation of audit or exam findings.Key Responsibilities:Perform hands-on quantitative model validation/reviewProvide effective challenge throughout the model validation/review processPresent findings, weaknesses, and/or observations identified from the validation/review to model developers/ownersPrepare detailed validation reports and memosParticipate in internal audits and regulatory exams



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