Model Risk Governance Specialist

4 hours ago


Navi Mumbai Mumbai Mumbai City, India beBeeModelRisk Full time US$ 90,000 - US$ 1,20,000

Model Governance Expert

We are seeking a highly skilled Model Risk Auditor to evaluate the effectiveness of scoring, economic capital, and rating models used in the financial services industry. The ideal candidate will have a master's degree in Statistics, Mathematics, or a related field and strong skills in programming, data analysis, and report drafting.

Key Responsibilities:
  • Evaluate model governance, development, validation, documentation, and implementation to assess the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques.
  • Automate audit testing by utilizing modeling, data analysis, and programming tools to analyze large, complex data sets and identify anomalies, trends, and risks.
  • Evaluate models across multiple functional domains such as wholesale, retail, and fraud.
  • Draft detailed audit reports with assessment details, prepare supporting work papers, document observations with implications, and recommend corrective actions.
  • Support the bank's compliance team during RBI Audits and other external audits.
Required Skills and Qualifications:
  • Strong understanding of the model risk function and various modeling techniques used in the banking industry.
  • Proficiency with Python/R, SQL Server, SAS, Excel, JIRA, and Bitbucket.
  • Experience in model development, validation, or model risk audit.
  • Ability to work with large, complex data sets.
  • Excellent communication and interpersonal skills.
  • Experience in drafting detailed audit reports.
Benefits:
  • Promote a culture of continuous learning and professional growth.
  • Opportunities for career advancement and professional development.
Other Requirements:
  • A bachelor's degree in Computer Science, Information Technology, or a related field is not required but preferred.
  • Knowledge of risk management processes like Market, Credit, Operational, ALM, Capital adequacy, and Fraud is a plus.


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