Senior Risk Management Lead for Retail Credit Models

1 week ago


Delhi, Delhi, India The Edge Partnership - The Edge in Asia Full time

The Edge Partnership - The Edge in Asia seeks a seasoned professional to fill the position of Senior Risk Management Lead for Retail Credit Models.

About the Role:

We are looking for a highly skilled and experienced individual to lead our Retail Credit team, focusing on validating and approving Retail Credit models critical for RWAs calculations, IFRS9 Expected Credit Loss (ECL), business strategy, and marketing. This role is based out of Noida and is pivotal for ensuring compliance with internal and regulatory standards.

Key Responsibilities:

  • Team Leadership: Manage a high-performing team of 10+ professionals, providing guidance and mentorship to ensure successful project management of model validations within tight regulatory and internal deadlines.
  • Technical Validation: Oversee validation processes, including data analysis, benchmarking, and building challenger models as needed. Conduct detailed reviews to ensure alignment with Group Model Risk Policy and regulatory requirements.
  • Stakeholder Engagement: Serve as the primary interface with model owners, developers, and senior stakeholders, contributing to maintaining consistent validation standards across the bank.
  • Decision-Making: Provide final approval for Retail Credit models, anticipating and addressing stakeholder inquiries with clear and concise communication on complex topics.

Requirements:

  • Educational Background: Honours, Master's, or Ph.D. in a quantitative discipline (e.g., Mathematics, Statistics, Finance, Economics).
  • Experience: Extensive hands-on experience in developing or validating Retail Credit IRB and IFRS9 models, deep knowledge of regulatory requirements (e.g., CRR, EBA guidelines), and proven leadership and people management skills.
  • Technical Skills: Proficiency in Python, SAS, or R for model testing and validation.
  • Communication: Exceptional ability to create detailed reports and present technical findings to both technical and non-technical audiences.

Estimated Salary: ₹45,00,000 - ₹60,00,000 per annum, depending on experience and qualifications.



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