Lead Credit Risk Model Validator

5 days ago


Bengaluru, Karnataka, India Genpact Full time
Job Summary
">We are seeking a seasoned Credit Risk Model Validator to join our team at Genpact. This role will involve working closely with the Enterprise's Model Risk Management Teams for model validation, implementation & documentation - specifically on independent model validation for credit risk models.
">
The ideal candidate will have hands-on experience in validating models, building and leading validation teams, and bringing in thought leadership and domain/quantitative best practices to present effective challenges to the models. They will be responsible for end-to-end independent validation of credit risk and regulatory models, including PD, LGD, EAD, Stress Testing, CECL, Credit Scorecards, AML and counter fraud models etc.
">
This is a fantastic opportunity to work with top brands and make an impact far bigger than just our bottom line. If you're a self-driven, proactive individual with excellent communication/presentation skills – written & verbal, strong project management experience, and demonstrated expertise of communicating and coordinating across multiple business units, we'd love to hear from you
">
About the Role
">In this role, you will:
">1. Work hands-on to validate models, build and lead validation teams, and bring in thought leadership and domain/quantitative best practices to present effective challenge to the models
">2. Conduct first time (baseline), change based and annual validation
">3. Assess the models conceptually and quantitatively to ensure the model is suitable for the stated/intended use
">4. Conduct necessary assessments to challenge the model effectively. Assess adequacy of model documentation in line with regulatory guidelines
">5. Validation for the source data quality, forecast data quality as well as change management
">6. Development of benchmark models using statistical/Machine Learning technique during validation exercise to challenge model methodology
">7. Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques
">8. Prepare model validation report summarizing findings and provide recommendations and risk rate the models

What We Offer
">- An estimated salary range of $120,000 - $150,000 per year, depending on your qualifications and experience
">- A competitive benefits package that includes health insurance, retirement savings plan, and paid time off
">- Opportunities for career growth and professional development
">- A dynamic and collaborative work environment

Requirements
">- Master's degree or higher in Finance, Mathematics, Economics, Statistics, or equivalent experience
">- Leading as well as hands-on experience in BFS analytical projects supporting portfolio analytics/predictive modeling/independent validation of models
">- Experience in BFS analytics, with experience in credit risk modeling/independent validation of models (Regression, Logistic Regression, Time series, Clustering, CHAID/Classification trees, Time Series, Competing Risk, Survival Models, Markov TPM, scorecards, etc.)
">- Strong client management and communication/presentation skills – written & verbal
">- Strong project management experience and demonstrated expertise of communicating and coordinating across multiple business units
">- Hands on expertise in Excel, SAS & Python/R

Preferred Skills
">- Strong networking, negotiation and influencing skills
">- Knowledge of Banking and Financial services operations
">- Knowledge of credit risk management for retail and wholesale lending products
">- Understanding and experience on the regulatory risk modeling/validation guidelines – SR 11-7, Basel IRB, CCAR, CECL, IFRS9 etc.
">- Hands on experience in Machine Learning modeling techniques

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