Quantitative Modeling Specialist

4 weeks ago


Chennai, Tamil Nadu, India ProEx Labs Full time

**Job Description**

We are seeking a skilled Model Development and Validation Specialist at ProEx Labs. This role involves developing, validating, and implementing quantitative models to support decision-making processes across various business units.

The ideal candidate will have a strong background in statistical modeling, data analysis, and risk assessment. They will design and implement statistical models for forecasting, risk assessment, and performance evaluation, as well as collaborate with cross-functional teams to identify modeling needs and objectives.

**Key Responsibilities:**

  • End-to-end model development including segmentation, model design, variable reduction technique, model selection, and model performance.
  • Conduct thorough validation of existing models to ensure accuracy, reliability, and compliance with regulatory standards.
  • Perform back-testing and stress testing of models to assess their robustness.

**Required Skills and Qualifications:**

  • Bachelor's degree in Statistics, Mathematics, Economics, Data Science, or a related field; master's preferred.
  • Proven experience in model development or validation in Banking sector for retail risk space (scorecard model development/validation experience preferred).
  • Mandatory hands-on in SQL, with experience in SAS (preferred), Python, R.
  • Familiarity with machine learning techniques and statistical analysis tools.

**Estimated Salary:** $90,000 - $120,000 per year based on industry standards and location.



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