Model Risk Officer, Director

6 days ago

Bengaluru Chennai, India Natwest Digitalx Full time ₹ 12,00,000 - ₹ 30,00,000 per year

Join us as a Model Risk Officer

  • In this key role, youll support the bank-wide policy covering the governance and control of model risk, developing, maintaining, and promoting the risk appetite setting for model risk
  • Youll validate credit risk models used in credit decisioning and capital computation and ensure they are fit for purpose while providing effective challenge to the model development process
  • Well look to you to implement and maintain appropriate and proportionate mandatory procedures that define the governance of models
  • Youll gain great exposure for you and your work, with the opportunity to develop key relationships with relevant management, colleagues, model owners, developers, and end-users
  • We're offering this role at director level

What you'll do

As a Model Risk Officer, youll be maintaining and controlling an aggregated bank-wide model inventory and associated model risk assessments. Youll support the delivery of bank-wide policy and mandatory procedures for the governance and control of model risk, including related documents required by the policy framework team.

Youll perform pre-implementation model validations and periodic independent reviews of credit risk models in use. Additionally, youll be supporting the model risk control environment and governance process through effective tracking and proactive escalation of models related issues. This will include ensuring compliance with the operational risk framework, including RCA and youll be responsible for managing and coaching a group of model validators.

Youll also be:

  • Working with the team to design and roll-out a bank-wide risk appetite approved by our executives and cascaded to businesses, functions, and legal entities
  • Helping to enhance and maintain model validation standards and develop automated model validation tools
  • Assisting all areas in having appropriate governance and minimum standards in place to enable each area to report and manage their model risk and remain within their executives risk appetite
  • Working across all asset classes to effectively and proactively support model risk with the management and remediation of its internal and external audit issues

The skills you'll need

Were looking for someone with significant experience of model reviews or the model development of relevant risk models. Youll need a strong understanding of the financial industry, more specifically, model-related regulatory requirements. Youll also have prior project management experience with a demonstrated ability to establish a clear direction and set and track objectives.

Crucial to your success in this role will be problem solving and analytical skills and your ability to communicate with and influence senior management and develop effective relationships with a range of internal and external stakeholders.

Youll also need:

  • Financial acumen, and the ability to grasp the different model risk indicators tied to the banks assets, business lines, platforms, regions, markets, regulations, and stakeholders
  • Expert knowledge of policy management and control processes across multiple lines of business
  • Experience writing and proof-reading papers of sufficient quality to be submitted to regulators and auditors
  • The ability to work closely with senior team members to deliver outcomes consistent with industry leading practices

  • Model Risk Officer, Director

    1 week 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...

  • Model Risk Officer, Director

    6 days ago

    Bengaluru, Karnataka, India RBS Full time ₹ 15,00,000 - ₹ 30,00,000 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...

  • Model Risk Capabilities Officer

    2 weeks 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

    2 weeks 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,...

  • Associate Director, CIB Model Development

    3 weeks ago

    Bengaluru, India Standard Chartered Bank Full time

    This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.Job Summary•Develop credit risk IRB, IFRS9 and Pillar 2 Stress Testing models for the measurement of PD, EAD and LGD for the wholesale portfolio. •Support...

  • Model Risk Analyst

    5 days ago

    Bengaluru, India JPMorgan Chase & Co. Full time

    As a Model Risk Program Analyst in Model Risk Governance & Review you will be conducting review and governance activities related to Compliance Anti-Money Laundering and KYC. Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its...

  • Director, CIB Model Development

    3 weeks ago

    Bengaluru, India Standard Chartered Bank Full time

    This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.Job SummaryManage multiple model development project for the credit risk IRB, IFRS9 and Pillar 2 Stress Testing models for the measurement of PD, EAD and LGD...

  • Model Risk Analyst

    2 weeks ago

    Bengaluru, Karnataka, India JPMorganChase Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    DescriptionAs a Model Risk Program Analyst in Model Risk Governance & Review you will be conducting review and governance activities related to Compliance Anti-Money Laundering and KYC.Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow...

  • Model Risk Analyst

    6 days ago

    Bengaluru, Karnataka, India JPMorgan Chase Full time ₹ 8,00,000 - ₹ 12,00,000 per year

    As a Model Risk Program Analyst in Model Risk Governance & Review you will be conducting review and governance activities related to Compliance Anti-Money Laundering and KYC.Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its...

  • Job Opening

    1 week ago

    Bengaluru, India TopGear Consultants Full time

    **The opening is with a leading Consulting Group for their office in Bangalore.** **Role : Credit Modelling/ Credit Model Monitoring - Stress-Testing** **Experience in model documentation, development, model monitoring or stress-testing** Strong experience in **end-to-end model development (PD, EAD, and LGD) cycle**, from data gathering and cleansing to...