Credit Risk Strategist

7 days ago

Bengaluru, Karnataka, India beBeeRisk Full time ₹ 80,00,000 - ₹ 1,50,00,000

We are seeking a seasoned Credit Risk professional to spearhead our risk management initiatives. The ideal candidate will have expertise in validating and assessing credit risk models, ensuring they align with regulatory requirements and industry best practices.

Responsibilities
  • Develop in-depth knowledge of the model inventory and lifecycle, as well as the model risk management framework.
  • Analyze CCAR stress testing for PPNR, balance sheet, scenario design, and loss forecasting models used for internal risk management and provisioning.
  • Evaluate data requirements, assumptions, and model methodology, assess model outcomes, track ongoing model performance, and run stress tests on models based on company-specific or regulatory stressed economic scenarios.
  • Provide guidance to model owners for remediation of issues identified during validation to achieve MRM policy adherence.
  • Support client's model risk management group in meeting their regulatory commitments.
  • Interact proactively with various stakeholders and build strong relationships with model owners.
  • Represent client's model risk management group in interactions with model owners across lines of business.
  • Drive adoption of best practices for model validation, assessment, and documentation.
Requirements
  • M.Sc/PhD in Mathematics/Statistics/Economics or MBA Finance with experience in an MRM role from Tier I colleges.
  • Either, exposure to CCAR modelling in an applied setting.
Key Skills and Competencies
  • Working knowledge in Stochastic Calculus, Linear Algebra, Differential Equations, Statistics, Simulation, Computational Methods, and Numerical Analysis.
  • Strong knowledge in mathematical techniques used in VaR computation, Risk Charge calculations, Tail Risk modelling.
  • Well-versed in regression modelling and regularization techniques.
  • Knowledge of machine learning models and ensemble ideas.
  • Proficiency in R, Python, or MS Excel.
Behavioral Attributes
  • Excellent team player.
  • Good verbal and written communication skills.
  • High accuracy and attention to detail.
  • Strong conceptual thinking and ability to challenge traditional thought processes.
  • Ability to work efficiently in an unstructured environment.
Deliverables
  1. Validated and assessed credit risk models that meet regulatory requirements and industry standards.
  2. Developed and implemented best practices for model validation, assessment, and documentation.
  3. Built and maintained strong relationships with model owners and stakeholders.

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