PPNR- Model validation/Model development

4 days ago

Bengaluru, Karnataka, India Careernet Technologies Full time
Overview: The PPNR Model Validation/Model Development role is crucial for ensuring the accuracy and reliability of predictive models used in the projection of pre-provision net revenue (PPNR) for financial institutions. The individual in this role will be responsible for developing and validating a variety of models that support PPNR estimation processes, helping to drive data-informed decision-making and risk management strategies.Key Responsibilities:
  • Develop and implement statistical models to forecast PPNR components such as net interest income, fee income, and operating expenses.
  • Evaluate model performance and assess the appropriateness of model assumptions, inputs, and methodologies.
  • Conduct thorough validation of PPNR models in accordance with regulatory requirements and best practices.
  • Collaborate with stakeholders to understand business needs and ensure model outputs align with organizational objectives.
  • Provide expertise and guidance on model development, validation, and documentation to cross-functional teams.
  • Perform quantitative analysis to identify trends, patterns, and potential risks in PPNR data.
  • Contribute to the enhancement of model governance frameworks, policies, and procedures.
  • Support model implementation and ongoing monitoring activities, including model performance tracking and reporting.
  • Stay abreast of industry trends, regulatory developments, and emerging techniques in PPNR modeling and validation.
  • Participate in model risk committees and communicate validation findings to senior management.
Required Qualifications:
  • Master's or Ph.D. in Statistics, Mathematics, Economics, Finance, or a related quantitative field.
  • 3+ years of experience in quantitative modeling, statistical analysis, and/or financial risk assessment within the banking or financial services industry.
  • Demonstrated proficiency in programming languages such as R, Python, or SAS for model development and validation.
  • Strong understanding of financial products, PPNR drivers, and balance sheet dynamics.
  • Familiarity with regulatory requirements related to model risk management and validation (e.g., SR 11-7, CCAR, DFAST).
  • Proven ability to apply advanced statistical and econometric techniques to solve complex business problems.
  • Experience with model validation techniques, including back-testing, stress testing, and sensitivity analysis.
  • Excellent written and verbal communication skills, with the ability to articulate technical concepts to non-technical stakeholders.
  • Detail-oriented approach with a focus on accuracy and quality in model development and validation processes.
  • Ability to work effectively in a collaborative, cross-functional environment and manage multiple priorities concurrently.

  • Model Validation Analyst Senior

    2 weeks ago

    Bengaluru, Karnataka, India Bread Financial Full time

    **Every career journey is personal. That's why we empower you with the tools and support to create your own success story.*Be challenged. Be heard. Be valued. Be you ... be here.*Job SummaryThe Model Validation team is responsible for Model Risk Management for Bread Financial Models and Bank Models for the entire organization. Members of this team work with...

  • Senior Consultant, Model Validation

    1 week ago

    Bengaluru, Karnataka, India Northern Trust Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    About Northern Trust:Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring...

  • Senior Manager Model Validation

    1 week ago

    Bengaluru, Karnataka, India ERM Placement Services Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Act as technical lead and subject matter expert in Model Risk Management, model development/validation for Market Risk (VaR, Stressed VaR, Expected Shortfall) and Counterparty Credit Risk (CVA, PFE).Advise clients on Financial Services Risk Management, focusing on traded products risk and capital.Lead quantitative risk engagements including derivatives...

  • Model-Based Development

    2 weeks ago

    Bengaluru, Karnataka, India Sarla Aviation Full time ₹ 5,00,000 - ₹ 10,00,000 per year

    About Sarla Aviation:Sarla Aviation is at the forefront of revolutionizing urban air mobility with its cutting-edge eVTOL (electric Vertical Take-off and Landing) aircraft featuring innovative tilt-rotor technology. Sarla Aviation, a pioneer in the development of sustainable, efficient, and safe air transportation systems, is dedicated to influencing the...

  • Catastrophe Modeler

    2 weeks ago

    Bengaluru, Karnataka, India Lotus RI Services Full time ₹ 10,00,000 - ₹ 12,00,000 per year

    This role will haveNO WORK FROM HOME OPTIONOur client MNK GCS is seeking a highly skilled and technically competentCatastrophe Modelerto provide high-quality catastrophe modeling, risk quantification, and analytics support for underwriting, pricing and portfolio management across MNK Group's operating companies. The Catastrophe Modeler will prepare, cleanse,...

  • Data Modeler

    1 week ago

    Bengaluru, Karnataka, India Galaxy i technologies Inc Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Hi, Everyone******Contract to Hire******Contract to Hire*******100% Closure & Immediate Interview, SurelyJob Title: Data ModelerLoc: Pan India (Onsite)Job Description:Job Title: DeveloperWork Location: PAN Indiabut Preferably Mumbai, MH / Pune, MH / Hyderabad, TG / Bangalore, KA / Chennai, TNSkills Required: Data Concepts & Data Modelling, Data Architecture...

  • Validation Engineer-Supporting Data Scientists/AI/ML Modeling

    4 days ago

    Bengaluru, Karnataka, India Turbotech Global Business Solutions Full time

    Job Title: Validation/QA Engineer – Supporting Data ScientistsLocation:Bangalore / MangaloreType:Full-TimeAbout the RoleWe are seeking aValidation/QA Engineerto support a team of data scientists in ensuring the accuracy, reliability, and compliance of machine learning models. This is a full-time opportunity for professionals who thrive on innovation,...

  • Model Development

    4 days ago

    Bengaluru, Karnataka, India Northern Trust Full time

    About Northern TrustNorthern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring...

  • Data Modeler

    6 days ago

    Bengaluru, Karnataka, India TechBirds Full time US$ 10,00,000 - US$ 42,00,000 per year

    Job Description – Data Modeling & Data Governance Engineer (4-7 Yrs)Please DO NOT APPLY IF:You cannot join within 30 days maxYou do not have Banking domain experienceYou do not have extensive Data Modeling experience - conceptual, logical, physical and semanticIf you salary expectation does not match the range mentioned in

  • Model Risk Officer, Director

    2 weeks ago

    Bengaluru, Karnataka, India NatWest Group Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Join us as a Model Risk OfficerIn this key role, you'll support the bank-wide policy covering the governance and control of model risk, developing, maintaining, and promoting the risk appetite setting for model riskYou'll validate credit risk models used in credit decisioning and capital computation and ensure they are fit for purpose while providing...