Model Governance Risk Specialist

2 days ago


Mumbai City Navi Mumbai Mumbai, India beBeeModelGovernance Full time US$ 90,000 - US$ 1,20,000
Model Governance Risk Specialist

We are seeking a skilled Model Governance Risk Specialist to review and assess the effectiveness of various models used in the financial services industry. The ideal candidate will have a strong background in statistical and machine learning techniques, with expertise in model governance, development, validation, documentation, and implementation.

The successful candidate will evaluate the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques. This role requires a professional with a master's degree and strong skills in programming, data analysis, and report drafting to identify anomalies and recommend corrective actions.

Key Responsibilities:

  • Model Assessment: Review and assess model governance, development, validation, documentation, and implementation to evaluate the effectiveness of scoring, economic capital, and rating models using statistical and machine learning techniques.
  • Audit Automation & Data Analysis: Automate audit testing by utilizing a variety of modeling, data analysis, and programming tools. Analyze large, complex data sets to identify anomalies, trends, and risks.
  • Functional Domain Evaluation: Evaluate models across multiple functional domains such as wholesale, retail, and fraud.
  • Audit Reporting: Draft detailed audit reports with assessment details, prepare supporting work papers, document observations with implications, and recommend corrective actions.
  • Audit Support: Contribute to one or more areas of audit covering risk functions like Credit Risk, Market Risk, Operational Risk, ICAAP, and ERM, as per RBI guidelines.
  • External Coordination: Coordinate and support the bank's compliance team during RBI Audits and other external audits.

Required Skills and Qualifications:

  • Strong understanding of the model risk function and various modeling techniques used in the banking industry.
  • Proficiency with Python/R, SQL Server, SAS, Excel, JIRA, and Bitbucket.
  • Experience in model development, validation, or model risk audit.
  • Ability to work with large, complex data sets.
  • Excellent communication (both verbal and written) and interpersonal skills.
  • Experience in drafting detailed audit reports.
  • Knowledge of risk management processes like Market, Credit, Operational, ALM, Capital adequacy, and Fraud is a plus.
  • A Master's degree in Statistics, Mathematics, or a related field.

This role offers a unique opportunity to apply your expertise in model governance and risk management in a dynamic and fast-paced environment.



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