Senior Model Validation Specialist
2 weeks ago
NovoTree Minds Consulting Private Limited is seeking a highly skilled Risk Modeler to join our team. As a key member of the Model Risk team, you will play a crucial role in reviewing, validating, and maintaining regulatory models and rule engines across various business lines. With a strong background in statistical modeling and risk management, you will work closely with data scientists, modelers, and stakeholders to ensure that our models are accurate, reliable, and compliant with regulatory requirements.
About the Role:
This is an exciting opportunity for a seasoned professional with 6-12 years of experience in analytical and risk management domains. You will have expertise in design and development of statistical models using regression, machine learning, and optimization techniques. Your ability to work with complex data sets, write codes, and create programs to undertake analysis will be essential in this role. Additionally, you should have a solid understanding of regulatory requirements related to model validation and be comfortable working with Excel, PowerPoint, and other tools.
Key Responsibilities:
- Perform validations in one or more domains: credit risk, market risk, ALM, AML, fraud risk, and collections
- Monitor and evaluate emerging risks and trends in model validation
- Contribute to regulatory submissions and IA activities
- Develop and deliver training programs for validation staff and other stakeholders on model validation concepts and techniques
Requirements:
- Masters in Statistics/ Quantitative Economics/ Quantitative Finance/ MBA with a quantitative modeling background or BE/BTech/Bstat/Bsc Eco/ BA Eco with suitable experience in analytical and risk management domains
- Strong conceptual knowledge in one or more of credit risk/market risk/ALM/AML/Fraud risk/collections
- Hands-on experience with SAS/ Python/ R
- Excellent communication skills and ability to manage senior stakeholders across risk, modelling, audit, and business verticals
What We Offer:
- Estimated salary: ₹1,200,000 - ₹2,500,000 per annum (dependent on qualifications and experience)
- Opportunities for career growth and professional development
- Collaborative and dynamic work environment
Application Instructions:
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