Strategic Retail Credit Risk Management Leader
7 days ago
The Edge Partnership, a leading player in the Asian market, is seeking an exceptional professional to join our team as a Senior Retail Credit Risk Modelling Lead. This pivotal role will be based out of Noida and will play a crucial part in shaping the bank's risk management strategy.
Job DescriptionAs the Senior Retail Credit Risk Modelling Lead, you will be responsible for leading the Model Risk Management function, specifically focusing on validating and approving Retail Credit models that are critical for RWAs calculations, IFRS9 Expected Credit Loss (ECL), business strategy, and marketing. Your primary objective will be to ensure compliance with internal and regulatory standards.
Key Responsibilities- Lead and mentor a high-performing team of 10+ professionals, guiding them towards successful project management of model validations within tight regulatory and internal deadlines.
- Oversee validation processes, including data analysis, benchmarking, and building challenger models where necessary.
- Conduct detailed reviews to ensure alignment with Group Model Risk Policy and regulatory requirements.
- Deliver high-quality validation reports and presentations to governance committees, highlighting assumptions, limitations, and key findings.
- Act as the primary interface with model owners, developers, and senior stakeholders, fostering effective communication and collaboration.
- Contribute to maintaining consistent validation standards across the bank.
- Provide final approval for Retail Credit models, ensuring they meet the required standards.
- Anticipate and address stakeholder inquiries, offering clear and concise communication on complex topics.
- Educational Background: Honours, Master's, or Ph.D. in a quantitative discipline (e.g., Mathematics, Statistics, Finance, Economics).
- Extensive hands-on experience in developing or validating Retail Credit IRB and IFRS9 models.
- Deep knowledge of regulatory requirements (e.g., CRR, EBA guidelines).
- 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.
This is an exciting opportunity for a skilled professional looking to make a meaningful impact in the field of retail credit risk management. The selected candidate can expect a competitive salary range of ₹25,00,000 - ₹35,00,000 per annum, commensurate with experience.
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