Chief Model Risk Officer

1 day ago

Bengaluru Bangalore Gurgaon Gurugram, India beBeeRisk Full time US$ 1,20,000 - US$ 2,00,000
Key Role in Model Risk Management

In this pivotal role, you will be responsible for maintaining and controlling an aggregated bank-wide model inventory and associated model risk assessments. You will review and validate assigned models across the bank to ensure they are fit for purpose, including use in customer, business, and strategic decision-making, as well as external disclosures and regulatory calculations or returns.

Throughout your work, you will report on the findings of model risk management reviews, making sure it suits your audience, which will include senior management, regulators, model developers, and end-users.

You will also be responsible for implementing and maintaining appropriate and proportionate mandatory procedures that define the governance of models, developing, maintaining, and promoting the risk appetite setting in relation to model risk, playing an active part in the development of your team, and helping to coach less experienced colleagues.

Model Risk Analysis

  • Maintaining an aggregated bank-wide model inventory and associated model risk assessments
  • Reviewing and validating assigned models across the bank
  • Implementing and maintaining appropriate and proportionate mandatory procedures that define the governance of models
  • Developing, maintaining, and promoting the risk appetite setting in relation to model risk
  • Playing an active part in the development of your team and helping to coach less experienced colleagues
Required Skills and Qualifications

We are looking for someone with experience of model review or model development of relevant risk models. You will need a strong understanding of risk modelling within traded market risk, non-traded market risk, counterparty credit risk, economic capital, or pension risk.

Crucial to your success in this role will be problem-solving and analytical skills, and your ability to communicate with and influence senior management and develop effective relationships with a range of internal and external stakeholders.

  • Validation of pricing models linking to swaps, swaptions, balance guarantees, CDS, etc.
  • Some experience in delivering both written and verbal communications to senior stakeholders
  • Strong coding (Python), LaTeX, Excel, PowerPoint, and Word skills
  • Knowledge of financial products, quantitative modelling techniques, and associated regulations
Benefits

This role offers a unique opportunity to make a significant impact on the bank's risk management strategy. As a key member of our team, you will have the chance to develop your skills and expertise while contributing to the bank's success.

Additionally, you will have the opportunity to work with a talented and diverse team, collaborate with colleagues from different departments, and contribute to the development of new ideas and initiatives.

Others

The successful candidate will possess excellent communication and interpersonal skills, with the ability to build and maintain strong relationships with colleagues and stakeholders at all levels. They will also be able to demonstrate a proactive approach to learning and development, with a willingness to take on new challenges and responsibilities.

With a strong focus on teamwork and collaboration, we offer a supportive and inclusive environment that encourages creativity, innovation, and continuous improvement. If you are a motivated and ambitious individual who is passionate about risk management, we want to hear from you

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