Senior Model Validation Specialist

3 days ago

Chennai, Tamil Nadu, India beBeeModelValidator Full time ₹ 20,16,000 - ₹ 24,96,000

Job Role:

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The primary objective of a Model Validator is to ensure the accuracy and reliability of models applied across various sectors. This entails verifying conceptual soundness, assessing model assumptions, and evaluating implementation precision.

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  • Key responsibilities include statistical performance analysis, scenario examination, sensitivity testing, and back-testing to guarantee models meet defined risk coverage objectives.\
  • Ongoing Monitoring Review involves regularly substantiating the ongoing viability of models in accordance with an approved plan.\
  • Regulatory Compliance and Reporting ensures all activities comply with regulatory standards and internal governance policies.\
  • Additionally, effective communication and collaboration with cross-functional teams are essential for successful model validation.\
  • A deep understanding of mathematical modeling techniques and data analysis tools is necessary to evaluate model performance and make recommendations for improvement.\
  • Stay up-to-date with industry trends and best practices by attending conferences, workshops, and training sessions.\
  • Maintain accurate and detailed records of model validation activities, including test results and findings.\
  • Develop and implement processes to monitor and control model risks, ensuring that they align with organizational goals and objectives.\
  • Work collaboratively with stakeholders to identify and prioritize model validation needs, and develop targeted solutions to address these needs.\
  • Conduct thorough risk assessments to identify potential vulnerabilities in models, and develop mitigation strategies to address these risks.\
  • Collaborate with developers to integrate feedback and improvements into model development, ensuring that validated models meet business requirements.\
  • Design and execute comprehensive testing plans to validate model performance under various scenarios.\
  • Document and maintain a knowledge base of model validation best practices, lessons learned, and areas for improvement.\
  • Identify opportunities for process improvements and implement changes to enhance efficiency and effectiveness.\
  • Support the development of training programs and materials to educate stakeholders on model validation principles and best practices.\
  • Engage with subject matter experts to stay informed about emerging trends and technologies that may impact model validation.\
  • Partner with key stakeholders to communicate model validation findings, recommendations, and progress against established objectives.\
  • Lead or participate in special projects to improve model validation processes, tools, and methodologies.\
  • Develop and maintain relationships with external vendors and partners to leverage their expertise and services in support of model validation efforts.\
  • Continuously monitor and analyze market conditions, regulatory requirements, and technological advancements to adapt model validation approaches as needed.\

About Us:

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Our organization values innovative thinking, collaboration, and continuous learning. We strive to create a dynamic work environment where employees can grow professionally and personally.

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