Senior Model Development Lead – Investment Bank

5-8 years
Job Description

Multiple openings with some of our leading Global Investment Banks who are keen to hire a Model risk developer/Validator in Mumbai. Hence, actively looking to hire candidates with at least 5+ years of hands-on risk modelling or Validation (credit/market/Counterparty) within an investment bank or associated consulting firms.
We're looking for someone who is eager to perform independent development/validation of models. This is an excellent platform for personal and professional development within a highly committed and collaborative team in an international and fast-paced environment.
Please contact Adil Sharieff or email your cv directly in word format with job reference number JO0000007275 to .
Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days, we regret to inform you that your application for this position was unsuccessful. [Confidential Information]

Key responsibilities

  • Analyzing the model's conceptual and mathematical soundness, reviewing the calibration quality, model outcome, and model performance tests.
  • Ensure adherence of the models to the expected internal and external standards.
  • Identifying model assumptions, weaknesses and limitations and evaluating overall model risk.
  • Interacting with stakeholders: model developers and users, senior management, internal and external audit, and regulators, as a representative of the bank's independent control function for model risk.

Role requirements
  • Qualified degree in economics, science, technology, mathematics, engineering.
  • Excellent quantitative and statistical modelling skills.
  • Proven experience of working with R/Python/SAS.
  • Experience of Credit risk models (PD, LGD) & Market risk (VAR) would be an asset, preferably from within a risk management department.
  • Experience in banking regulatory capital, CCAR, ICAAP, RWA, Basel II/III, stress testing would be advantageous.
  • FRM/ CFA certification would be an advantage.

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