Manager - Model Risk Management

4 days ago

Mumbai, India Skill Ventory Full time

Roles and Responsibilities

Team Leader- Model Risk Management

Experience: + Years with at least 7 years’ experience in Model Risk management in BFSI

Grade: OL

Roles and Responsibilities:

Updates and monitors compliance with the Model Governance Policy, the MRM Policies and Procedures, including gap analysis and road map to the target state for each model.

Manages the model inventory and the periodic model inventory attestation process including model definition, risk rating and model process rationalization.

Define roles and responsibilities for Model Governance; maintain inventory of critical roles (specifically, model risk ownership)

Define and monitor key activities related to model validation and monitoring

Define the standard and the delivery of model independent testing

Promotes a strong model risk control culture and develop communication strategies to improve model risk awareness.

Proactively maintains effective partnerships with the model validation analysts, model owners, business level risk management teams and auditors, internal and external to execute sound model risk governance and resolve all issues in a timely manner.

Desirable Qualifications:

Advanced knowledge of traditional risk management and its relationship within a highly complex and matrixed environment

Experience with risk identification, assessment, and mitigation of material risks, while assisting risk owners (1st line of defence) with development of controls and mitigation plans

Strong organizational skills with proven ability to collaborate in a global, matrix environment

Ability to engage and influence leaders and decision makers within the organization

Robust understanding of risk management methodologies and frameworks to drive and maintain department adoption.

Ability to translate observations of global trends in Model Governance into streamlined processes and effective internal & external communication strategies

Knowledge of model life cycle methodologies preferably in a bank or NBFC or regulatory environment.

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