Senior Model Validation Specialist

5 days ago

Bengaluru, Karnataka, India beBeeValidation Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

About Us:

We are a global financial services company with a presence in over 40 markets.

Our business includes commercial and investment banking products and services to businesses, governments, and individuals worldwide.

Our goal is to be the world's most trusted financial group through collaboration and responding to customer needs.

We serve society and foster shared growth for a better world.

About the Role:

Position Title: Model Validation ExpertJob Title: Senior Analyst

The use of models presents risk which is the potential for adverse consequences from decisions based on incorrect or misused model outputs and reports.

Model validation is the set of processes and activities intended to verify that models are performing as expected in line with their design objectives and business uses.

The candidate will report to the Model Validation Manager as part of the Model Risk Center of Excellence.

  • Test and document validation results including analyzing and interpreting statistical data assessments of model conceptual soundness evaluation of data and assumptions testing model computational accuracy and performing outcomes analysis such as back-testing and benchmarking.
  • Create findings as required recommend action plans and validate remediation activities.
  • Assess model changes to ensure continued performance of the model.
  • Work with Model Owners to establish monitoring metrics and thresholds.
  • Consult with model owners and users on the design of effective operational controls.
  • Execute activities in compliance with regulatory requirements.
  • Interact with counterparts to remain aligned with program requirements.

Key Responsibilities:

  • 4-8 years of experience preferably within the financial services industry.
  • Proven track record of strong technical skills with experience with models and modeling techniques in areas such as market risk counterparty credit risk wholesale scorecards and economic capital.
  • Knowledgeable of model risk management and associated regulatory requirements.
  • Excellent communication and people management skills.
  • Experience working with offshore partners preferred.
  • Bachelor's degree in Economics Finance Business MBA Financial Engineering Mathematics Statistics or a related field (or foreign equivalent degree).

Skills:

  • Proficiency in one or more tools such as SAS Python R MATLAB C SQL Visual Basic Bloomberg.
  • Academic or industry experience with exposure to Artificial Intelligence AI and Machine Learning ML are preferred.

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