Senior Credit Risk Leader

3 days ago

Mangalore, Karnataka, India beBeeCreditRiskLeader Full time ₹ 1,99,99,999 - ₹ 2,99,99,999
Leading Wholesale Risk Model Development

This senior-level position involves leading the wholesale risk model development team and collaborating with the head of risk analytics and capital management to execute risk governance and practices around quantitative models.

Key Responsibilities
  • Evaluate and implement a new Centre of Excellence for Wholesale Rating Models, overseeing its growth and scale from inception.
  • Contribute to best practices in model development and validation, staying updated on latest regulatory and industry updates.
  • Integrate the latest regulatory requirements, such as Basel guidelines, IFRS 9, local regulations, and rating agency methodologies into model design considerations.
  • Develop innovative solutions to enhance model performance and accuracy.
Stakeholder Engagement
  • Communicate effectively with senior management and board-level committees, ensuring transparency and clarity.
  • Engage with multiple stakeholders across the credit lifecycle: limit management, collateral management, RAROC, customer rating, facilitating seamless communication and collaboration.
  • Review financial spreading logic in newly developed credit lifecycle systems, ensuring alignment with business objectives.
  • Support governance and audit readiness through proper model documentation and transparent development practices.
Technical Expertise
  • Design and implement end-to-end processes for development, validation, and lifecycle management of wholesale rating models.
  • Develop and validate a range of models including corporate/wholesale rating models, exploring new approaches for rating model development in low default portfolios.
  • Implement Master Rating Scale (MRS) calibration and monitoring tools to continuously assess model performance.
Capability Building
  • Build, mentor, and lead a team of modelers and consultants, fostering a culture of continuous learning and professional growth.
  • Drive capability building within the team through training, peer reviews, and knowledge sharing, promoting excellence in risk management.
Climate Risk Analytics
  • Develop statistical climate risk models, integrating economic and social data to understand climate risks' potential impact.
  • Develop different climate scenarios based on various emission pathways and climate change projections, assessing their impact on identified financial risks.
  • Establish adaptation strategies to mitigate relevant risks, developing a system for continuous climate data monitoring and updating climate risk models regulatorily.
Requirements

Mandatory:

  • A strong foundation in statistics and mathematics, with hands-on experience in developing and validating wholesale rating models (PD, LGD, EAD), and a deep understanding of model lifecycle best practices.
  • Proficiency in strong programming languages such as R and Python, and data analysis and visualization using Excel and PowerPoint. Knowledge of other relevant tools or platforms would be an advantage.
  • A degree in statistics, mathematics, computer science, quantitative finance, economics, engineering, or a related field.
  • A passion for risk management and advancing the science of credit risk modeling, with excellent communication skills, fluency in English, and ability to convey complex technical concepts clearly.

Desirable:

  • Postgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM.
  • Experience of developing teams in a multi-jurisdictional and matrixed organization.
  • Understanding and experience of BCBS frameworks, particularly those relating to risk and capital.

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