Job Description
Job Description:
Job Title- Model Validation Analyst - NCT
Location- Mumbai
Role Description
Model Risk Management's mission is to manage, independently and actively, model risk globally in line with the bank's risk appetite with responsibility for:
• Performing robust independent model validation
• Ensuring early and proactive identification of Model Risks
• Designing and recommending Model Risk Appetite
• Effectively managing and mitigating Model Risks
• Establishing Model Risk metrics
• Designing and implementing a strong Model Risk Management and governance framework
This validation role is for model validation specialist working within Americas model validation team. This role covers various functional areas within Americas team namely PPNR, Credit Risk, Market Risk, Liquidity Risk, Anti-Financial Crime and Operational Risk.
What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
The role is embedded within DB's Model Risk Management and the successful candidate is tasked to:
• Manage end-to-end process of model validation, such as, assessing the conceptual soundness of the model, core activities including conceptual soundness assessment, model testing; identifying issues and finalizing these issues as model findings; communicating model outcome with action points, while adhering with the regulatory requirements.
• Prepare high-quality validation reports which comprehensively articulate the validation findings and the concerned assessments performed.
• Effectively communicate assessments and findings with all relevant stakeholders including model users and owners as well as regulators and supervisory authorities.
• Actively contribute to the optimization of the validation process through automation, incorporating the regulatory changes and other initiatives across the model validation process.
• Support the model governance activities such as model inventory and model documentation.
• Effectively addressing issues raised by Governance, Audit and Regulators in assigned timeframe.
Your skills and experience
• Degree in B.Tech/MBA/Masters in Econometrics, Mathematics, Statistics, Finance or any related discipline.
• Relevant experience of 1-3 years in model validation or model development roles, in any risk areas- such as, credit risk, PPNR, market risk, liquidity risk, etc.
• The concerned should have thorough understanding of Statistical techniques like regression, time series and experience in their application.
• Experience in performing data analysis and statistical tests in programming languages like Python, R, SAS, etc
• Need to demonstrate capability to handle senior stakeholder communication effectively.
• Should have strong analytical abilities, presentation and communication skills.
• Experience of working within treasury or directly within key business areas of global banks or exposure in CCAR process, will be advantageous.
• Good understanding Financial Instruments (Bonds, Swap etc) and their application in Business would be desirable. Attitude to understand the business implications of a model.
• Professional certifications like FRM, CFA, CQF would be desirable, but not mandatory.
How we'll support you
• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
Job Title- Model Validation Analyst - NCT
Location- Mumbai
Role Description
Model Risk Management's mission is to manage, independently and actively, model risk globally in line with the bank's risk appetite with responsibility for:
• Performing robust independent model validation
• Ensuring early and proactive identification of Model Risks
• Designing and recommending Model Risk Appetite
• Effectively managing and mitigating Model Risks
• Establishing Model Risk metrics
• Designing and implementing a strong Model Risk Management and governance framework
This validation role is for model validation specialist working within Americas model validation team. This role covers various functional areas within Americas team namely PPNR, Credit Risk, Market Risk, Liquidity Risk, Anti-Financial Crime and Operational Risk.
What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
The role is embedded within DB's Model Risk Management and the successful candidate is tasked to:
• Manage end-to-end process of model validation, such as, assessing the conceptual soundness of the model, core activities including conceptual soundness assessment, model testing; identifying issues and finalizing these issues as model findings; communicating model outcome with action points, while adhering with the regulatory requirements.
• Prepare high-quality validation reports which comprehensively articulate the validation findings and the concerned assessments performed.
• Effectively communicate assessments and findings with all relevant stakeholders including model users and owners as well as regulators and supervisory authorities.
• Actively contribute to the optimization of the validation process through automation, incorporating the regulatory changes and other initiatives across the model validation process.
• Support the model governance activities such as model inventory and model documentation.
• Effectively addressing issues raised by Governance, Audit and Regulators in assigned timeframe.
Your skills and experience
• Degree in B.Tech/MBA/Masters in Econometrics, Mathematics, Statistics, Finance or any related discipline.
• Relevant experience of 1-3 years in model validation or model development roles, in any risk areas- such as, credit risk, PPNR, market risk, liquidity risk, etc.
• The concerned should have thorough understanding of Statistical techniques like regression, time series and experience in their application.
• Experience in performing data analysis and statistical tests in programming languages like Python, R, SAS, etc
• Need to demonstrate capability to handle senior stakeholder communication effectively.
• Should have strong analytical abilities, presentation and communication skills.
• Experience of working within treasury or directly within key business areas of global banks or exposure in CCAR process, will be advantageous.
• Good understanding Financial Instruments (Bonds, Swap etc) and their application in Business would be desirable. Attitude to understand the business implications of a model.
• Professional certifications like FRM, CFA, CQF would be desirable, but not mandatory.
How we'll support you
• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
💡 Quick Summary
Seeking a career-building opportunity? The Model Validation Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
