Senior Manager
Genpact
5 - 10 years
Bengaluru
Posted: 3/5/2025
Job Description
Responsibilities
You will be working with the model development function of a large banking client and will focus on data validation, model methodology, calibration, implementation and monitoring of risk and regulatory models across business functions, and development of challenger models, as necessary. It will also involve interaction with various stakeholder groups including model validation, model owners/lines of business, auditors, and client model developers. You will be expected to work hands-on to assess models, build and lead development teams, and bring in thought leadership and domain/quantitative best practices to present an effective challenge to the models. Your activities will include, but will not be limited to the following:
Work hands-on in development, re-development, and calibration of risk and regulatory models for banking book including deposit runoff, average balance forecasting, prepayment models for assets portfolio
Data and quantitative analysis to support modelling decisions and ensure the correctness of the market data sourced from several vendors.
Work on the development of model methodologies, algorithms, and diagnostic tools for testing model robustness, sensitivity, and stability.
Detailing of model techniques and interpretation of variables used in the models to be documented and presented to client stakeholders.
Develop model performance metrics and a detailed model monitoring plan to ensure continued use of these behavioural models
Development of benchmark models may be required
Help develop thorough technical documents for distribution and presentation to senior management, model developers, auditors, and regulators.
Bringing in industry best practices and consultative inputs to help deliver continuous value to client engagements in advanced risk analytics.
Minimum Qualifications
Educational qualification: master's and bachelor's degrees in quantitative disciplines, like, mathematics, statistics, economics, computer science and engineering, etc.; MBAs must have bachelors degree in above-mentioned disciplines
Relevant experience:
o For Assistant Manager: relevant years' experience in Banking and Financial services, with experience in predictive modeling of regulatory and non-regulatory credit risk domain
o For Manager: relevant years experience in Banking and Financial services, with experience in predictive modeling of regulatory and non-regulatory credit risk domain
Hands-on experience in SAS is needed. It is good to have Python coding experience.
Experience in developing, validating models and risk management of credit risk models.
Knowledge of various statistical techniques and proven skill in regulatory and non-regulatory credit risk modelling
Understanding and experience of the regulatory risk model development/validation guidelines SR 11-7, Basel IRB, CCAR, CECL, IFRS9 etc.
End-to-end development or independent validation of credit risk and regulatory models including but not limited to PD, LGD, EAD, Stress Testing, CECL, Credit Scorecards, AML and counter fraud models etc.
Develop statistical/mathematical and machine learning based models, rule fine tuning/optimization, testing, reviewing, and performing validation activities and prepare end to end model documentation.
Detailed knowledge of data analysis / analytics / mining techniques
Hands on expertise in SQL, ETL, SAS, Python, R working with large data sets.
Excellent knowledge of various statistical techniques
Strong client management and communication/presentation skills written & verbal.
Self-driven, proactive, can-do attitude. Ability to work under ambiguity and with minimal supervision.
Preferred Qualifications
Strong networking, negotiation and influencing skills.
Knowledge of credit risk management for retail and wholesale lending products
Hands on experience in Machine Learning modeling techniques
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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