Head - Criteria, Model Development & Research (Director / Senior Director)alyst

5 days ago


Mumbai, India Brickwork Ratings Full time

Position: Head - Criteria, Model Development & Research (Director / Senior Director)

Location: Mumbai

Job Profile: We are looking for an experienced individual with an in-depth understanding of Credit Rating methodologies across sectors. Understanding of Rating performance metrics, model development, and validation methodologies with solid data interpretation skills is an advantage. The job involves intensive interaction with other industry leaders, senior bankers, and regulators (such as RBI and SEBI).

 

Primary Responsibilities:

1. Criteria Development

● Closely monitor regulatory policy changes concerning CRAs and ensure timely adoption and dissemination of new/revised policies and criteria and regulatory guidelines

● Provide the seed idea and lead the team for criteria development and maintenance

● Explain and defend the criteria developed for external and internal stakeholders

● Chair the internal Criteria Committee

2. Model Development

● Lead the team responsible for Credit Risk Rating Model design and development, Scoring model Calibration & Validation.

● Design and develop internal credit risk rating assessment models and scoring templates for various verticals using statistical techniques or hybrid approaches. Validate the initial model, implement the model, and monitor the models periodically.

● Formulate Rating Model policies and new products for the rating department

● Collaborate with the Rating team / Chief Ratings Officer for requirements of the model

● Liaise with the regulators on credit risk rating models and improvements.

3. Research

● Leading the relevant team regarding the initiative to produce relevant content and research.

● Identifying trends in the economy, industry sectors, and regulatory fronts, advising the analytical groups suitably to be addressed during the rating process

● Closely monitor the macroeconomic environment, and regulatory policy changes with timely refinements to risk models including sensitivity analysis and forecasts, as necessary.

4. Performance Measurement

● Develop and publish rating transition matrices and default studies per the extant regulatory guidelines.

● Respond to queries from regulators regarding performance metrics

● Responsible for the relevant quarterly, half-yearly, and annual disclosures required as per regulations

5. Others

● Conduct regular training programs for the analytical team and other stakeholders on all issues relating to model development, scoring templates, and methodologies including implementation and enhancement.

● Provide strategic insights to Management and work closely with them to prioritize business and rating team information needs

 

Competencies and Skills:

● Strong mathematical ability

● Expertise in statistical techniques and concepts

● Experience using statistical software for analyzing datasets (Excel, SPSS, SAS, etc.) is desirable.

● Strong analytical skills with the ability to supervise and guide two separate teams

● Ability to analyze, model, and interpret data with attention to detail and accuracy.

● Experience in Regulatory reporting and managing regulatory audits

Excellent presentation skills - written and verbal.

Qualification: CA /BTech + MBA from a recognized institute in India.

Experience: 15 – 18 years in similar roles in a Credit Rating Agency / Consulting Firm/ Risk Management in Banks

Travel: Occasional across India

About Brickwork Ratings

Brickwork Ratings (BWR) is one of India’s leading credit rating agencies, committed to providing the investment community with products and services needed to make informed investment decisions. Established in 2007, Brickwork Ratings, a SEBI-registered and RBI-accredited credit rating agency, has Canara Bank , a leading public sector bank as its promoter and strategic partner.

BWR is headquartered in Bengaluru and has a presence across India. The rating team is headed by the analytical prowess of the industry’s most experienced credit analysts, bankers, and regulators.

BWR offers rating services for Bank Loans, NCDs, Commercial Paper, Bonds, Mutual Funds, PPMLDs, and Security Receipts. BWR’s ratings have rated over 100,000 large corporations, Banks, Financial Institutions, State and Local Governments, and small businesses. BWR provides investors and lenders with timely and in-depth research across structured finance, public finance, financial institutions, project finance, and corporate sectors.

If you think you are the right candidate for this position, please apply with your detailed resume to with subjectline "Head - Criteria, Model Development & Research"



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