Model Validation Lead
3 weeks ago
Genpact is a global professional services firm that designs and delivers smart solutions to its clients. With a team of 115,000+ curious and courageous minds, we have the expertise to drive business impact for the world's biggest brands.
We're harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. We dream big, dare to be different, and reinvent the ways companies work to make an impact far bigger than just our bottom line.
We're seeking a highly skilled Model Validation Lead to join our team. As a key member of our Enterprise's Model Risk Management Team, you will be responsible for model validation, implementation & documentation for a BFS client in North America.
About the RoleYou will be working with the Model Risk Management team specifically on independent model validation for credit risk models, involving end-to-end validation of risk and regulatory models across business functions of a large banking client. Your activities will include:
- Validating models, building and leading validation teams, and bringing in thought leadership and domain/quantitative best practices to present effective challenge to the models
- Conducting end-to-end independent validation of credit risk and regulatory models, including but not limited to – PD, LGD, EAD, Stress Testing, CECL, Credit Scorecards, AML and counter fraud models etc.
- Conducting first time (baseline), change based and annual validation
- Assessing the models conceptually and quantitatively to ensure the model is suitable for the stated/intended use
- Preparing model validation report summarizing findings and providing recommendations and risk rating the models
To succeed in this role, you will need:
- A Master's degree or higher in Finance, Mathematics, Economics, Statistics, or equivalent experience
- Leading as well as hands-on experience in BFS analytical projects supporting portfolio analytics/predictive modeling/independent validation of models
- Experience in BFS analytics, with experience in credit risk modeling/independent validation of models (Regression, Logistic Regression, Time series, Clustering, CHAID/Classification trees, Time Series, Competing Risk, Survival Models, Markov TPM, scorecards, etc.)
- Hands on expertise in Excel, SAS & Python/R
- Strong client management and communication/presentation skills – written & verbal
The estimated salary for this role is ₹1,200,000 - ₹1,800,000 per annum, depending on location and experience.
BenefitsAs a valued member of our team, you can expect:
- A competitive salary and benefits package
- Ongoing training and development opportunities
- A dynamic and inclusive work environment
- Opportunities for career growth and advancement
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws.
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