Model Risk Officer

4 days ago

Bengaluru, India NatWest Group Full time

Our people work differently depending on their jobs and needs. From hybrid working to flexible hours, we have plenty of options that help our people to thrive.

This role is based in India and as such all normal working days must be carried out in India.

Join us as a Model Risk Officer
- We’ll look to you to review assigned models across our bank to make sure they’re fit for purpose and perform model risk analysis to satisfy regulatory queries and requirements
- Day-to-day, you’ll make sure that the assigned models focus on our customers, bank, strategic decision-making, external disclosures and regulatory calculations or returns
- Risk plays a critical role when it comes to our bank’s safety, so if you feel comfortable challenging the status-quo and making improvements, this position will suit you perfectly
- We're offering this role at senior analyst level

**What you’ll do**:
Acting as our barometer for risk, you’ll make sure that all models are appropriate for their designated uses and that significant model risks are identified and communicated to senior management and model end-users.

Alongside this, you’ll oversee the first line of defence model assurance activities that’re performed by model development teams, advise on how model risk can be reduced and report on model risk management reviews to senior management, regulators, model developers and end-users.

Your top priorities will include:

- Helping with the maintenance and control of an aggregated bank-wide model inventory and associated model risk assessments
- Implementing and maintaining appropriate and proportionate mandatory procedures to define the governance of models
- Developing, maintaining and promoting risk appetite setting in relation to model risk
- Assisting with the development of your team and coaching colleagues as required
- Supporting key relationships and interactions with relevant management, colleagues, model owners, developers and end-users

**The skills you’ll need**:
To be successful in this role, you’ll need at least two years' experience of C++ and Python coding and an understanding of risk modelling within traded market risk, non-traded market risk, counterparty credit risk and economic capital or pension risk.

Furthermore, you’ll need:

- Great problem-solving and analytical skills and the ability to help with team planning and the prioritisation of deliverables, including the planning of assigned projects in a roadmap
- Experience of taking responsibility for the model reviews in your areas of expertise, influencing stakeholders and challenging practices where necessary before escalating any concerns
- Good written and verbal communication skills and the ability to simplify complex concepts for a wider audience, including senior management, and provide formal written model reviews
- A proficiency in developing effective relationships with a range of internal and external stakeholders and senior management
- An understanding of advanced quantitative modelling and knowledge of the associate risk management issues in a practical business context

  • Credit Risk

    6 days ago

    Bengaluru, Karnataka, India Risk Inn Full time ₹ 2,50,000 - ₹ 3,00,000 per year

    Apply Now: Step into a senior consulting role and drive transformation in Credit Risk, Data Analytics, Model Validation. Role Requirement:Data Governance / Data Quality + SAS + Credit Risk / Model ValidationExperience:3 - 7 yearsCTC Range: Upto ₹25 – ₹30 LPALocation: Remote Positions Available & BangaloreJob ID: CRSAS-BLRPlease read the job description...

  • Model Risk Capabilities Officer

    3 days ago

    Bengaluru, Karnataka, India NatWest Full time

    Join us as a Model Risk Capabilities Officer - We’ll look to you to support the continuous improvement of the model validation framework, system and reporting requirements and deliver planning and control support across the wider team - You’ll be supporting robust model validation management across the bank through effective policies, standards,...

  • Model Risk Capabilities Officer

    3 days ago

    Bengaluru, Karnataka, India NatWest Digital X Full time

    Risk Oversight & Challenge, Control, Oversight & Assurance Model Risk Capabilities Officer - Bangalore, India- Permanent- Full Time#R-00243422 Join our digital revolution in NatWest Digital X In everything we do, we work to one aim. To make digital experiences which are effortless and secure. - So we organise ourselves around three principles: engineer,...

  • Model Risk Validation Officer

    4 days ago

    Bengaluru, Karnataka, India NatWest Full time

    Join us as a Model Risk Validation Officer - This is an opportunity for a passionate and driven risk specialist to join our business - We’ll look to you to help review and validate credit and finance models relating to wholesale, commercial and retail portfolios across all business units and legal entities - It's an ideal role to gain detailed exposure to...

  • Market Risk Mv

    2 weeks ago

    Bengaluru, India Market Risk MV Full time

    Market Risk MV Model Validation, Model Development (Market Risk): 4-8 years of experience. - Proven experience in market risk, risk modeling or model validation. Assess the model's conceptual soundness and methodology. Models - Value at Risk, Counterparty Risk Exposure models, Pricing of plain vanilla and exotic derivatives, FVA, PVA, IPV, Pricing of Credit...

  • Risk Modeling Governance

    4 days ago

    Bengaluru, Karnataka, India Citi Full time US$ 1,20,000 - US$ 2,00,000 per year

    The Model/Anlys/Valid Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the...

  • Risk Modeling Governance

    6 days ago

    Bengaluru, Karnataka, India Citi Full time US$ 1,25,000 - US$ 1,75,000 per year

    The Model/Anlys/Valid Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the...

  • Credit Risk Model Expert

    1 week ago

    Bengaluru, Karnataka, India beBeeCreditRisk Full time ₹ 1,04,000 - ₹ 1,30,878

    Job Title: Credit Risk Model ExpertWe are seeking a Credit Risk Model Development professional to fill this key position. The ideal candidate will have extensive experience in building or validating sophisticated credit risk models.The role requires a strong analytical mind, proficiency in various programming languages, and a deep understanding of regulatory...

  • Credit Risk Model Specialist

    6 hours ago

    Bengaluru, Karnataka, India beBeeCreditRisk Full time

    We are seeking a seasoned Credit Risk Model Specialist to lead our model development initiatives. The ideal candidate will have extensive experience in building and validating sophisticated credit risk models.Key ResponsibilitiesCredit Risk Model Development & Validation:Develop or validate credit risk models, including those for IFRS9, IRB, CCAR, and...

  • Model Risk Validator

    1 week ago

    Bengaluru, Karnataka, India beBeeValidator Full time ₹ 2,00,00,000 - ₹ 2,50,00,000

    About Us:We are a global financial services leader with operations in multiple locations.Our team serves as a Global Capability Centre/Centre of Excellence, providing support services across various functions such as IT, risk management, and operations.The use of models presents model risk, which is the potential for adverse consequences from decisions based...