Senior Quantitative Risk Model Validation Expert

2 days ago


Bengaluru, Karnataka, India Genpact Full time
Job Description

We are seeking a highly skilled Senior Quantitative Risk Model Validation Expert to join our team in India (Bangalore, Gurgaon or Kolkata). This role offers an estimated salary of ₹25,00,000 per annum.

About the Role:

In this position, you will work closely with our Enterprise's Model Risk Management Teams to validate credit risk models for a leading BFS client in North America. Your primary responsibility will be to ensure that these models are robust, accurate, and compliant with regulatory requirements.

Key Responsibilities:

  • Validate end-to-end credit risk and regulatory models, including PD, LGD, EAD, Stress Testing, CECL, Credit Scorecards, AML, and counter-fraud models.
  • Conduct first-time, change-based, and annual validation exercises.
  • Assess models conceptually and quantitatively to ensure they are suitable for their intended use.
  • Develop benchmark models using statistical and machine learning techniques to challenge model methodology.
  • Prepare detailed validation reports summarizing findings and providing recommendations.

Requirements:

  • Master's degree or higher in Finance, Mathematics, Economics, Statistics, or equivalent experience.
  • Hands-on experience in BFS analytics, particularly in credit risk modeling and independent validation.
  • Strong expertise in Excel, SAS, and Python/R programming languages.
  • Excellent communication and presentation skills, with the ability to work effectively with stakeholders at all levels.
  • Self-driven, proactive attitude with minimal supervision.

Preferred Skills:

  • Experience in retail and wholesale credit risk modeling/validation.
  • Familiarity with regulatory risk modeling/validation guidelines, such as SR 11-7, Basel IRB, CCAR, CECL, and IFRS9.
  • Knowledge of banking and financial services operations.

About Genpact:

Genpact is an Equal Opportunity Employer committed to creating a dynamic work environment that values diversity and inclusion. We offer a range of benefits, including competitive salaries, comprehensive health insurance, and opportunities for professional growth and development.



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