Manager/AVP - Model Development || Global Bank - Mumbai

3 days ago

Mumbai, Maharashtra, India Credence HR Services Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Roles and Responsibilities: Model Development: Develop, enhance, and validate risk measurement and analysis methods across market, credit, and operational risk types. Scoring models and related policies, leveraging statistical analysis for risk-related projects and data validation. Overseeing model maintenance activities to ensure compliance with Model Risk Management (MRM) guidelines and deadlines.

The key responsibilities include tracking model inventory, coordinating across corporate teams, model risk management teams, transformation teams, and FP&A teams to provide status updates and respond to model-related requests, and maintaining model documentation throughout the model lifecycle. Update inventory tracker for new models and changes in existing models. Monitor due dates and ensure alignment with model sponsors and MRM teams.

Review the Ongoing monitoring results to identify potential model fatigue and preemptively remediate the issue by working with Model sponsors to ensure forecast accuracy. Support model documentation across the model life cycle for various BAU and new model deliverables. Build strong relationships with stakeholders across MRM, FP&A, FTO, and Transformation teams.

Stay updated on products, forecasting processes, and tools to enhance efficiency and accuracy in model governance activities. Apply quantitative and qualitative analysis methods using tools like SAS, SQL, and Visual Basic for data extraction, transformation, and analysis. Conduct data mining, validate data quality, and address issues collaboratively with Technology teams.

Prepare statistical and non-statistical reports, explore data trends, and create formal documentation. Knowledge/Experience: years of experience with a good understanding of Model Development, Validation / Governance, FP&A processes and management reporting. Hands on any - PPNR, CCAR, Forecasting Model, Budgeting Model, Balance Sheet Model, CECL, NII, IRRBB etc.

Knowledge of financial forecasting systems. If you wish to apply for the role, please share your updated resume on "***************"

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