Credit Risk Model Auditor

6 days ago

Mumbai Mumbai City Navi Mumbai, India beBeeAudit Full time ₹ 15,00,000 - ₹ 20,00,000
Job Overview

The role of an Audit Specialist involves reviewing and assessing the model governance, development, validation, documentation, and implementation to evaluate the effectiveness of the scoring, economic capital, and rating models using statistical, machine learning techniques.

Audit Specialists draft detailed audit reports with assessment details, prepare supporting workpapers, clearly document observations noted with implications and recommend corrective actions to auditees.

  • Review and assess model governance, development, validation, documentation, and implementation to evaluate the effectiveness of the scoring, economic capital, rating, and other models using statistical, machine learning techniques.
  • Automate audit testing by utilizing a variety of modeling, data analysis, and programming tools.
  • Identify anomalies, trends, and risks by analyzing large, complex data sets.
  • Evaluate models across multiple functional domains, such as wholesale, retail, fraud, etc.
  • Proficiency in Python/R, SQL Server, SAS, Excel, JIRA, Bitbucket is required.

Preferred Candidate Profile

  • Master's degree in Statistics, Mathematics, or related fields.
  • 7-12 years of experience in the financial services industry, preferably with model development, validation, model risk audit, data analytics.
Required Skills and Qualifications
  • Statistical and machine learning techniques
  • Model governance, development, validation, documentation, and implementation
  • Python/R, SQL Server, SAS, Excel, JIRA, Bitbucket proficiency
  • Ability to analyze large, complex data sets
  • Strong analytical and problem-solving skills
Benefits

Opportunity to contribute to one or more areas of audit covering risk functions like credit risk, market risk, operational risk, Pillar II, ICAAP, ERM, fraud risk as per RBI guidelines.

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