Model Monitoring/Model Development

3 weeks ago


Bengaluru, India Northern Trust Corporation Full time

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 principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/Department
Senior Analyst/Associate Consultant, is a key member of the Risk Analytics and Data Service Team and Responsible for acting as an individual contributor in the development and maintenance of high quality risk analytics. Resolves complex issues in Credit Risk/ PPNR modelling and measuring risk, enhancement in Credit Risk/ PPNR methodologies or other aspects of risk measurement.

Job title: Senior Analyst/Associate Consultant/Consultant
Location: Bangalore/Pune
Experience: 2-8 years of relevant experience

Major Duties
• Responsible for Development of CCAR models (PD/EAD/LGD) , CECL models (PD/EAD/LGD) and Basel models (PD/EAD/LGD). Also for PPNR model development for Non-Interest Income, Net Interest Income, Expense, Deposit, Balance models. Ensures regular production of analytical work.. Collaborates with regulators, Audit Services, and other independent reviewers. 
• Evaluates existing framework in relation to corporate objectives and industry leading practices. Assesses development needs and manages process to achieve desired future state. 
• Supports stress testing, capital quantification and/or internal capital allocation methodologies. Ensures that modelling approaches meet both internal corporate needs and regulatory requirements related to prevailing regulatory guidance. 
• Provides technical/theoretical inputs to resolve risk issues and enhance overall risk framework. Works with other risk or business unit teams to ensure that risk management policies/processes and quantitative modelling approaches are consistent. 
• Operates independently; has knowledge of banking balance sheets and income statements.
• Conducts analysis, independently ensuring accuracy and completeness. 
• Responsible for interaction with different committees and/or senior management. 

Qualification
• Master in Statistics/ Economics/Mathematics/advanced degree in quant area
• Or B.tech. From tier 1 college with MBA in related field 

Skills Required
• Strong BASEL, CCAR and DFAST, SR-11/7 understanding. Strong regulatory understanding 
• 2+ years of hands on model building experience in Credit Risk / PPNR
• Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques including familiarity with statistical concepts used in stress testing Strong in quantitative skills – experience in model validation a plus
• Experience in R, SAS, Matlab, advanced Excel techniques and VBA programming. SAS is preferred 
• Strong Experience in building linear regression models, Nonlinear regression, time series modeling (ARIMA, AR, VAR, MA ) and stochastic process
• Strong organizational and interpersonal skills
• Excellent verbal and written communication skills (English)
• Experience of working in a multi-cultural and global environment
• Related Industry qualification (e.g., CFA, FRM) a plus

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.



  • Bengaluru, Karnataka, India Northern Trust Corporation Full time

    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...


  • Bengaluru, Karnataka, India Northern Trust Full time

    About Northern Trust: Northern Trust, a Fortune 500pany, 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...


  • Bengaluru, Karnataka, India HSBC Full time

    Job descriptionWhy join us?Description of RoleThis role is within the Traded Risk Model Monitoring & Calibration team established to assess the performance of the traded risk models, measure the impact on capital requirements and understand & manage the model risk, and calibration of model parameters within Traded Risk Management. The role also entails...


  • Bengaluru, Karnataka, India HSBC Full time

    Some Careers grow faster than othersIf you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and...


  • Bengaluru, India Northern Trust Corporation Full time

    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...


  • Bengaluru, India JPMorgan Chase Bank, N.A. Full time

    **Global Finance & Business Management ("GF&BM")** India is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgan's global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked...


  • Bengaluru, Karnataka, India Citi Full time

    Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.- _ Core Responsibilities:_This position within Global Consumer Banking will...


  • Bengaluru, India 12542 Citicorp Services India Private Limited Full time

    The Model/Anlys/Valid Sr Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively...


  • Bengaluru, India 12542 Citicorp Services India Private Limited Full time

    The Model/Anlys/Valid Sr Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively...


  • Bengaluru, Karnataka, India Citi Full time

    Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual. - **_ Core Responsibilities:_** This position within Global Consumer Banking...


  • Bengaluru, India WELLS FARGO BANK Full time

    **Job Description - Model monitoring Quant -MPAM** **About Wells Fargo** Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large...


  • Bengaluru, Karnataka, India JPMorgan Chase Bank, N.A. Full time

    Global Finance & Business Management ("GF&BM") India is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgan's global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has people across the globe, majority of whom are tasked with...

  • Am- Model Monitoring

    2 months ago


    Bengaluru, Karnataka, India HSBC Full time

    -Job description **Why join us?** **Description of Role** This role is within the Traded Risk Model Monitoring & Calibration team established to assess the performance of the traded risk models, measure the impact on capital requirements and understand & manage the model risk, and calibration of model parameters within Traded Risk Management. The role...

  • Am- Model Monitoring

    3 weeks ago


    Bengaluru, India HSBC Full time

    **Some Careers grow faster than others** If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive...


  • Bengaluru, India Citi Full time

    The Model/Anlys/Valid Group Mgr is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business...

  • Model Validation

    4 weeks ago


    Bengaluru, India PeopleLogic Full time

    1. Backtest & re-calibrate each model designed and developed by the business, hence a thorough understanding of model development under Basel & IFRS norms is critical. 2. Choose adequate model outcome analysis techniques such as: a. Model estimates vs realized values (e.g. back-testing for some models); b. Stability of model outcomes; c. Benchmarking: model...


  • Bengaluru, Karnataka, India 12542 Citicorp Services India Private Limited Full time

    The Sr Analyst Role in Global Consumer BankingThis position focuses on model performance monitoring, analytics, and insights for non-regulatory decision models for unsecured products, such as Credit Cards.Responsibilities include:Performing Root Cause Analysis to explain model performance to second line of defense and Policy teams for Business risk...

  • Model Validation

    5 days ago


    Bengaluru, Karnataka, India PeopleLogic Full time

    1. Backtest & re-calibrate each modeldesigned and developed by the business, hence a thoroughunderstanding of model development under Basel & IFRS norms is critical.2.Choose adequate model outcome analysis techniques such as:a. Model estimates vs realized values (e.G. back-testing for some models); b. Stability of model outcomes; c.Benchmarking:model output...

  • Model validation

    5 days ago


    Bengaluru, Karnataka, India PeopleLogic Full time

    1. Backtest & re-calibrate each model designed and developed by the business, hence a thorough understanding of model development under Basel & IFRS norms is critical. 2. Choose adequate model outcome analysis techniques such as: a. Model estimates vs realized values (e.g. back-testing for some models); b. Stability of model outcomes; c. Benchmarking: model...

  • Model validation

    2 months ago


    Bengaluru, India PeopleLogic Full time

    1. Backtest & re-calibrate each model designed and developed by the business, hence a thoroughunderstanding of model development under Basel & IFRS norms is critical.2. Choose adequate model outcome analysis techniques such as:a. Model estimates vs realized values (e.g. back-testing for some models);b. Stability of model outcomes;c. Benchmarking: model...