Strategic Model Risk Manager

3 days ago

Gurgaon, Haryana, India beBeeModelGovernance Full time ₹ 15,00,000 - ₹ 25,00,000

Overview


  • This role involves developing and maintaining model risk policies as well as managing model governance processes.

Description of Job Role


The successful candidate will be responsible for overseeing the development and maintenance of model risk policies, ensuring that all models adhere to established guidelines. Additionally, this role requires collaboration with internal stakeholders to communicate any model breaches, data requirements or understanding gaps.


Key Responsibilities


  • Develop and manage/upgrade model risk policies and governance
  • Review and approve new models, ensuring conceptual soundness, data integrity and output analysis
  • Liaise with internal stakeholders on model breach, data requirements, understanding gaps etc.
  • Manage and handle queries from external or internal auditors relating to model governance
  • Responsible for independent periodic review of the models
  • Liaise with external vendors for periodic and detailed model validation
  • Work with external vendors to evaluate new products related to model monitoring

Measures of Success


  • Create and maintain model inventory for the organization
  • Create and maintain model renewal and validation
  • Ensure resolution on model breaches (if any)
  • Ensure proper documentation of risk review of the new model

Required Skills/Knowledge


  • Good knowledge of SAS, SQL, Python, MS Office, BI tools etc.
  • Ability to understand all credit card related data elements
  • Ability to work in a distributed data storage environment
  • Strong understanding of modelling concepts and model validation as a line of defense

Competencies Critical to Role


  • Self-driven, able to work in teams or independently
  • Strong attention to detail and ability to notice discrepancies
  • Deep understanding of modeling techniques including ML models
  • Ability to prepare and present information in a structured manner
  • Ability to work with senior management and present insights and analysis
  • Strong problem-solving skills

Qualification Required


  • Graduation/Master's degree in economics, statistics, operations research, mathematics, engineering, business or related field with a strong quantitative emphasis

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