FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company's over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients greatest ambitions.
Job Description
Value Preposition
Candidate will be responsible for supporting all aspects of the global Model Risk Management (MRM) Governance program. The successful candidate will support a variety of activities around the model lifecycle, inventory management, and reporting.
Job Details
Position Title: Lead Advisor - Model Risk Management Governance & PMO
Career Level: P3
Job Category: Manager
Role Type: Hybrid
Job Location: Bangalore
About The Team
The Model Risk Management (MRM) provides oversight for the MRM Framework, which consists of the policy, processes, and procedures. The Lead Advisor Model Risk Management (MRM) Governance & PMO will be a part of FCI's Model Governance team within the Model Risk Management (MRM) department and will be responsible for leading a variety of activities around the model lifecycle, inventory management, and reporting.
Impact
- The Model Risk Management (MRM) provides oversight for the MRM Framework, which consists of the policy, processes, and procedures. The Lead Advisor Model Risk Management (MRM) Governance & PMO will be a part of FCI's Model Governance team within the Model Risk Management (MRM) department and will be responsible for leading a variety of activities around the model lifecycle, inventory management, and reporting.
- Candidate will be based out of First Citizens India (FCI) office in Bangalore, report into the Senior Manager of Model Risk Management, India, and function as an integral member of the global MRM organization.
Key Deliverables
- Develop and maintain model governance documentation and performance monitoring, including periodically presenting results to MRM Leadership.
- Supports the design, development, implementation, and maintenance of the MRM analytics and reporting capabilities within the MRM Team, as well as broader risk management framework..
- Develops tools, visualizations, and dashboards to provide insights at scale to inform risk profile and solves for analytical needs. Facilitates implementation of work product.
- Collaborates with cross-functional partners, data, and product owners to gather insights, understand risk reporting strategies and business needs to inform the development of MRM process enhancements and process simplification.
- Maintain a strong month end data process which includes multiple layers of presentations and stakeholder review. Must maintain a deep understanding of model risk data and reporting.
- Drives automation efforts to simplify and streamline MRM processes.
- Performs end-to-end analysis that includes data gathering, analysis, ongoing scaled deliverables and presentations to Senior Management and the Board
- Complete various data quality reviews and checks on information within the Archer Model Inventory.
- Facilitates communication and builds effective working relationships with key business stakeholders and risk owners.
- Execute Non-Model Quantitative Tool (NMQT) assessments in accordance with approved Model Governance and Model Risk Management frameworks, including support for tool identification, classification, risk tiering, and lifecycle tracking across business units.
- Perform independent control testing on end user computing tools/Non-Model Quantitative Tool (NMQT) using SAS, Excel, Python, Access, etc.,
- Support the Quality Assurance (QA) program by performing review activities as per defined checklists and procedures, documenting observations, tracking issues, and assisting in timely remediation closure
- Assists MRM Leadership with ad-hoc MRM analysis, projects, presentations, and/or reporting.
- Continuous Learning and Improvement: Stay up to date with emerging trends and best practices in model validation and regulatory requirements. Contribute to the enhancement of the model validation framework by suggesting process improvements and implementing industry-leading methodologies.
- Contribute towards remediation efforts for model-related issues identified through exams, audits, and model validations.
Skills
Skills and Qualification
- Good understanding of regulatory requirements, particularly those related to stress testing and capital planning: SR 11-7/ OCC 2011-12
- Excellent problem-solving skills, attention to detail, mentor, and coach junior analysts
- Experience using SQL to pull data from enterprise warehouse databases.
- Excellent written and verbal communication skills.
- Stakeholder management skills, e.g., effective forward-looking planning, communication, and delivery of services.
- Able to effectively manage tasks as agreed
- Efficient and well-organized workflow and process design skills
- Outstanding attention to detail, accuracy of information
Education
- Relevant Bachelor/ Master's degree, with preference for specialization in Statistics, Mathematics, Economics, or other quantitative discipline.
- Microsoft Office (Word, Excel, PowerPoint, and Outlook).
Experience
- 5+ years of experience in model risk management within the financial services Industry, overseeing adherence to enterprise MRM frameworks and regulatory guidance such as SR 11-7 and related local regulations.
- Experience in managing inventories and governance of non-traditional models (including third-party/vendor and EUC/NMQT tools), ensuring transparency, explainability, and appropriate controls over data, and change management.
- Knowledge of statistical and machine learning models.
- Understanding of model development and validation testing techniques
- Knowledge of financial services/ banking domain
Relationships & Collaboration
- Interact with all key stakeholders including model users, model owners, vendors, model validation team and model governance team members.
Accessibility Needs
We are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage (e.g. application, interviews, onboarding) please let us know, and we will work with you to ensure a seamless experience.
Equal Employment Opportunity
FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle. 
