Manager -Retail Secured/Unsecured Credit Risk (IRB, IFRS 9, stress testing) Model (Development/Validation) consultant
Genpact
5 - 10 years
Mumbai
Posted: 3/24/2025
Job Description
Responsibilities
You will be primarily working as a consultant for the managing and driving risk consulting engagements in credit risk covering both regulatory and quantitative topics. The role will require interacting with and managing various stakeholders of a bank including their model risk and validation team, 1st line model development team, credit risk team and 1st line business team, internal and external auditors to ensure the Enterprise Modeling Governance standards are followed; Your activities will include, but will not be limited to the following:
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Manage internal team and client stakeholders
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Provide thought leadership, develop, and execute comprehensive modeling strategies aligned with business objectives and industry best practices.
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Design, develop, and validate Pillar 1 IRB capital, IFRS 9 provision, pillar 2 stress testing (internal and/or regulatory) and BAU decisioning models, ensuring accuracy, reliability, and compliance with regulatory standards. Conduct rigorous testing and validation methodologies to ensure model robustness and reliability.
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Assess regulatory compliance covering the key regulations and across multiple jurisdictions PRA SS 1/23, PRA SS 11/13, EBA GLs and RTS covering the IRB roadmap, IFRS 9 regulatory and audit expectations, regulatory and internal ICAAP stress test related guidelines covering jurisdictions like UK, Europe, US and Hong Kong
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Provide support to banks in implementing the model risk management framework as per regulatory requirements for 1st and 2nd line teams
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About Company
Genpact is a global professional services firm that offers a wide range of digital transformation services and solutions. With a presence in over 30 countries, Genpact leverages its deep domain expertise in operations and analytics to help businesses transform their operations, improve efficiency, and enhance customer experience. The company combines digital technology, data science, and operational excellence to deliver business outcomes across various industries, including banking, insurance, manufacturing, and healthcare. Founded in 1997 as a subsidiary of GE, Genpact has grown into an independent, NYSE-listed company with a diverse workforce of over 90,000 employees globally.
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