Risk Analytics

2 days ago


Gurugram Haryana, India OakNorth Bank Full time

Since our launch in 2015, we’ve lent over £10bn to ambitious entrepreneurs up and down the UK. That’s led to the creation of over 40,000 new jobs and over 29,000 new homes - and we’re not about to stop there. We’re dedicated to helping trailblazing businesses thrive and our strong analytics capabilities help us build trust and secure our digital assets and customer data.

This is a fantastic opportunity to join a fast-paced, growing bank with a reputation for doing things differently. We don’t want another cog in the machine, we’re looking for self-starters and bold thinkers who want to pave their own career.

In a nutshell this exciting and high-performing role, in the risk analytics team, you will be responsible for statistical model validation and regular monitoring for the credit risk models - PD/LGD/EAD and ICAAP models. You will also be involved in provisioning and stress testing exercise for the bank.

Are you ready to step up to the challenge?

**Responsibilities**:
- Ability to independently develop and lead the entire model validation framework at Oaknorth bank
- Validating and documenting internal credit risk models of ON - PD/LGD/EAD/IFRS9 - one time and quarterly validation both qualitative and quantitative
- Validating vendor models of the bank, if any
- Building model validation governance framework as per regulatory requirements
- Working closely with model development team to understand model build and other business reporting
- Reporting the findings and suggesting quantitative and qualitative techniques for model enhancement
- Working with Risk and compliance team within the bank for model validation, working closely with external auditors and third parties to get the validation done
- Liaising with multiple teams and various business units across the firm for different risk management and stress testing initiatives.
- Coding in SAS/R/Python to enhance the current models and automating the processes.
- Analyzing, explaining and documenting the models and their results.
- Assisting in research, modelling and development for refinement of the current credit risk framework
- Communicating with stakeholders, internal audit, model validation, regulatory agencies and responding to their requests on a timely and accurate basis.

**Required Experience**:
- 2 -5 years of relevant experience at a financial institution or a consulting firm, preferably on a Quant/Data Science role in a data-rich environment
- Preferably Master’s degree in a quantitative field such as Statistics, Mathematics, Operations Research, Economics, or Finance, or equivalent
- Experienced in developing/validating credit risk - PD/LGD/EAD/Stress testing models
- Experienced in provisioning as per IFRS9 implementation for banks
- Proficiency in programming and Advanced Statistical Techniques
- R/SAS/Python/Advanced excel
- Analytical thinking, quantitative abilities and problem-solving skills
- Understanding of risk management concepts like Stress-Testing, regulatory frameworks for Risk Management
- Attention to detail and ability to prioritize projects and workload
- Self-motivated team player who brings a “can-do” approach
- Ability to work well under pressure in a fast-paced team-oriented environment
- Strong communication skills; ability to present complex and technical issues clearly, both verbally and in writing
- FRM/CFA certification or equivalent is a plus

**About Us**

Banking should be barrier-free. It’s a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.

And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.

But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.
- Our story_

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer - and it was broken.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.



  • Gurugram, Haryana, India BlackRock Investments Full time

    **Job description**: **About this role** **BlackRock Company Description**: BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better...


  • Gurugram, Haryana, India BlackRock Full time

    Description About this role What is the opportunity? We are recruiting for a newly formed Core Risk Management (Core RM) group, whose objective it is to advance risk management practices at BlackRock, delivering scale and resilience to the risk management platform. This opportunity is to join the Core Investment Risk Analytics team within Core RM, which...


  • Gurugram, Haryana, India Citi Full time

    The Credit Portfolio Senior Analyst is an intermediate-level position responsible for conducting credit reviews, credit approval and monitoring the portfolio to identify credit migration in coordination with the Risk Management team. The overall objective of this role is to manage Citi's portfolio exposure to clients and counterparties...


  • Gurugram, Haryana, India Citi Full time

    The Credit Portfolio Intermediate Analyst is an intermediate-level position responsible for developing Risk Segmentation, Underwriting, Line management, Account management, Cross functional analytics Leverage credit risk data experience and business acumen to observe key trends, threats, inaccuracies and drivers of those observations. Work closely with...


  • Gurugram, Haryana, India BlackRock Investments Full time

    **Associate - Core Risk Analytics Team (PowerBI)**: **Location**: **Gurgaon, Haryana** Category: **Core Risk Management** Job Requisition #**:R245173** Date posted**:Sep. 05, 2024


  • Haryana, India Citi Full time ₹ 1,20,000 - ₹ 1,80,000 per year

    Discover your future at CitiWorking at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.Job OverviewThe Credit Portfolio Senior Analyst is an intermediate-level...


  • Gurugram, Haryana, India BlackRock Investments Full time

    **Job description**: **About this role** **About this role** The Aladdin Financial Engineering business is responsible for all analytics technology across the Aladdin platform. We research, develop, and implement state-of-the-art quantitative models used to assess financial risk across fixed income, equities, derivatives, alternative products and private...

  • Team Member

    2 weeks ago


    Gurugram, Haryana, India PI Industries Ltd. Full time

    **Position Description**: **Business Division**: Corporate**Department**: Risk & Compliance**Location**: Gurgaon**Position Title**: Team Member - Risk & Compliance**Level**: Junior Management**Reporting To**: Lead - Risk & Compliance**Position Purpose**: - The incumbent will be responsible to handle the complexities and administrative actions involved in...

  • Data Entry Operator

    2 weeks ago


    Gurugram, Haryana, India Nucleion Risk Consulting Pvt Ltd Full time

    **Job description-** **Nucleion Risk Consulting Pvt Ltd is a top-tier, full-spectrum Corporate Investigation and Risk Mitigation Company that assists organizations across the private, public and social sectors in identifying, preventing, mitigating, and responding to risks through our comprehensive and integrated suite of professional services. We have deep...

  • Risk Manager

    2 days ago


    Gurugram, Gurugram, India Cosmofeed Full time

    Job Description Job Title: Risk Manager Location: Gurgaon About the Role: We're looking for a skilled Risk Manager to join our team at SuperProfile. As the leader of our Risk Management function, you'll play a critical role in identifying, assessing, and mitigating risks across our payments and transaction ecosystems. Your expertise will help us ensure...