Model Validation Specialist (7-10 years) || MUM

Model Validation Specialist 7-10 yearsof experience || Mumbai || Global Bank

Key Responsibilities

• Credit Model Validations: Conduct end-to-end independent model validations for our new and existing credit risk models (PD, EAD andLGD) for IRB and IFRS 9, in line with the banks internal policies and standards and relevant UK regulatory requirements.
• Findings Management: Regularly track open validation findings and ensure they remain up to date and accurate and review any submitted evidence to support their closure, to facilitate the periodic model review process.
• Analysis & Reporting: Producing qualitive and quantitative analysis, which may include industry and statistical insights to support the model approval process and for senior management reporting.
• Model Risk Management: Carry out Model Risk BAU management activities, such as reviewing the banks Model Inventory, supporting the development of the banks Model Risk Framework, including policies and standards.
• Stakeholder Engagement: Work closely with Model Development, Internal Audit and other risk areas, as well as support the Credit and Business functions in their understanding of the models and their associated assumptions and limitations.

Core skills and knowledge

• Modelling experience: Considerable experience in model development or model validation of, at a minimum, PD, EAD and LGD models for IRB and/or IFRS 9 across retail and/or corporate portfolios. Must have a strong understanding of common statistical modelling techniques, including their assumptions and limitations.
• Educational background: Highly analytical with a degree in highly numerate field (such as Mathematics, Statistics, Econometrics, etc.) with strong academic records and understanding of mathematical and statistical theory.

If you wish to apply for the role, kindly share your resume on swarali.deshmukh@credencehrservices.com