Job Location: Bangalore/Bengaluru
Risk Management is responsible for developing and deploying the risk frameworks to allow the Group to take conscious exposures to credit, market, operational, compliance and insurance risks within a Board-approved appetite. Risk Management ensures that the Group has appropriate strategies and frameworks in place to assess, manage and report on credit, market, operational, compliance and insurance risks.
- Establishing frameworks to manage risks that are consistent with the Groups business objectives.
- Identifying, assessing and reporting risks to the Board, Risk and Audit Committees, Executive Committee and Business Units.
- Assessing the impact of proposed changes in laws, regulations and industry codes.
- Working collaboratively with the Business Units to achieve the optimal risk and return outcomes for the Group within the risk appetite approved by the Board.
See yourself in our team
This team is responsible for the validation of credit risk models, and assesses models’ inputs, methodologies, outcomes and intended usage for Basel, IFRS, stress testing and various scorecards.
We are interested in hearing from people who have
- 5+ years in Credit Risk Model Validation (IRB, IFRS9) Model validation and development experience.
- Demonstrated experience in end-to-end delivery of projects; and sound communication and time management skills.
- Tertiary qualifications, with above average academic achievements, in a quantitative discipline such as mathematics, statistics and econometrics.
Roles and Responsibilities:
- Experience with the Basel regulatory standards and relevant APRA regulations regarding credit risk is essential.
- Experience with IFRS9 and stress testing is advantageous
- Demonstrated skills in written and verbal communication, including ability to interpret and report complex material and make sound recommendations to a range of stakeholders
- Model Validation: Perform multiple independent validation activities for models and quantitative tools developed for IRB, IFRS9 and stress testing. This includes internal models under APS 113 and models used for provisioning. Ensure the models follow sound mythologies and advanced statistical techniques including, but not limited to, various regression techniques, time series analysis and macroeconomic modelling, using Python, R, and SQL.
- Accountability: Lead small working groups of 2-3 members, and mentor junior team members. Represent Model Risk Assurance team at project advisory groups and coordinate within the model risk assurance team. Help define the broader validation strategy including clarity with respect to validation methodology, appropriate governance and model risk policy compliance.
- Stakeholder Management: Effectively presenting the results of validation work and business implications to internal working groups, technical forums, governance committees or regulatory meetings. Proactively address and respond in a timely manner to developer, audit and regulatory queries and/or issues pertaining to models. Maintain sound relationship with development team BU risk teams and other stakeholders.
- Documentation: Thoroughly documenting the validation report, and appropriately challenging the modelling results and the thought process around the choice of modelling methodology, to enable stakeholders to understand the strength and weakness of the final model and assess its impact.
- Business Impact: Evaluating model implementation challenges, including assessment of the business impact of new or updated models on risk measures or processes. Review the Fit-for-purpose validation
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