Model Risk Manager

2 days ago


belgaum, India beBeeRisk Full time

Quantitative Analytics Associate Role SummaryAs a senior quantitative analytics associate, you will be responsible for leading independent validations and reviews of various risk models used across the bank. This role ensures that models are functioning as intended, comply with regulatory requirements, and accurately identify, measure, and report risks to senior management.This includes performing in-depth validations and reviews of new and existing models, including those for fraud risk, compliance risk, and other areas. You will also be responsible for testing the model's conceptual soundness, data accuracy, methodology, and ongoing performance through techniques like backtesting, benchmarking, and stress testing.Perform hands-on quantitative model validation/review to ensure robustness and justify assumptions and limitations.Present findings, weaknesses, and observations to model developers/owners and provide executable finding remediations.Prepare detailed validation reports and memos documenting the validation approach, findings, and conclusions.Required skills and qualifications:Master's degree (or equivalent) in a quantitative discipline and at least 3 years of relevant experience; or Bachelor's degree (or equivalent) and at least 5 years of relevant experience.Hands-on experience in statistical and AI/ML model development or validation, with a strong understanding of quantitative modeling methods.Proficiency in programming languages such as Python, R, SQL, or SAS.Excellent written and verbal communication skills to clearly articulate complex technical findings to both technical and non-technical stakeholders.



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