Assistant Manager | Credit Risk Quant | Bangalore | Regulatory & Financial Risk(Big4jobs)
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Job Description

- Assistant Manager | Credit Risk Quant | Bangalore | Regulatory & Financial Risk
- • Job requisition ID : 106847
- • Location: Bengaluru
- • Entity: Deloitte Touche Tohmatsu India LLP
The Team
Deloitte Strategy, Risk & Transaction helps entities mitigate risk while discovering new opportunities to create value. Our end-to-end risk services span all domains, from managing strategic risks in the C-Suite to improving board oversight, and from balancing financial and environmental policies to addressing cyber threats.Learn more about Risk, Regulatory & Forensic)
Your work profile
- Perform independent validation of Advanced IRB / Foundation IRB models including:
- PD, LGD, EAD, and CCF modelling methodologies
- Rating system design and performance
- RWA attribution and capital impact assessment
- Assess model methodologies and assumptions for diverse wholesale product exposures including:
- Corporate and SME lending (term loans, revolving credit, working capital facilities)
- Project and infrastructure finance
- Financial institutions & sovereign portfolios
- Commercial Real Estate (CRE) and income-producing real estate
- Trade finance, supply chain, and asset-based lending
- Leveraged finance and private capital exposures
- Evaluate model conceptual soundness, data representativeness, risk differentiation, and calibration methodology
- Review and challenge:
- Model segmentation, overrides, downturn calibration, and economic cycle considerations
- Treatment of collateral, guarantees, credit mitigants, and default definitions
- Regulatory compliance with Basel III/IV IRB requirements and regional supervisory rules
- Conduct model performance testing including:
- Discriminatory power, back-testing, stability monitoring, sensitivity, and benchmarking
- Prepare high-quality validation documentation with clear findings, limitations, and remediation actions
- Support regulatory engagements, addressing model findings, remediation evidence, and audit requests
- Partner with Model Development, Credit Policy, Data Governance, and Capital Management teams to ensure models are fit-for-purpose and well-controlled
Key skills required:
- Experience with Corporate lending, project finance, commercial real estate, private equity exposures
- Stress testing frameworks (CCAR/ICAAP) and IRB-to-IFRS 9 model linkages
- Regulatory interactions with PRA, ECB, Fed/OCC, OSFI, etc.
- Ability to articulate quantitative findings to non-technical senior stakeholders
- Core Competencies
- Effective challenge and independent risk oversight mindset
- High attention to detail and documentation discipline
- Stakeholder influencing and relationship management
- Ability to manage multiple validations under tight timelines
- Desired qualifications
- Experience in modelling or validation of Wholesale IRB capital models, IFRS9, Climate Risk Modelling experience within large banking organizations
- Strong technical skills in Python, R, SAS, SQL and knowledge of credit modelling statistics
- Deep knowledge of:
- IRB rating system architecture and approvals
- Basel III/IV capital rules for wholesale credit
- Model risk governance expectations (e.g., SR 11-7)
- Strong analytical judgment and written communication skills
- Desired qualifications Master’s degree or higher in Quantitative Finance, Statistics, Mathematics, Engineering, or related field
- 4 to 6 years of experience in modelling or validation of Wholesale IRB capital models, IFRS9, Climate Risk Modelling experience within large banking organizations
- Strong technical skills in Python, R, SAS, SQL and knowledge of credit modelling statistics

Skills
Capital ManagementCorporateFinanceCredit PolicyIfrsInfrastructure FinanceProject FinanceTrade FinanceTransactionWorking CapitalIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
Deloitte India Careers 2025 – Overview
Deloitte is one of the Big Four accounting and consulting firms and a global leader in professional services. In India, its journey began through legacy firms such as A.F. Ferguson & Co. and S.B. Billimoria & Co., later consolidated under Deloitte Touche Tohmatsu India Pvt. Ltd. and Deloitte Consulting India Pvt. Ltd.
Today, Deloitte operates from major hubs including Mumbai, Bengaluru, Hyderabad, Gurugram, Chennai, Pune, and Kolkata under the leadership of Romal Shetty. The firm serves clients across financial services, technology, manufacturing, energy, healthcare, consumer, and public sector industries.
Deloitte India fosters a culture of collaboration, continuous learning, and making an impact that matters.
Business Model
Deloitte operates as a service‑based B2B professional services firm, delivering multidisciplinary solutions that help clients address complex business challenges.
Its revenue model is built on providing fee‑based advisory, assurance, tax, risk, and consulting services to corporations, governments, and non‑profits across industries. By integrating deep industry expertise with technology and innovation, Deloitte positions itself as a strategic partner rather than just a service provider, fostering long‑term client relationships and recurring engagements.
Recent Wins & Recognition
- In 2024, Deloitte India launched a Geospatial and AI Platform in collaboration with Google Earth and Vertex AI to help organisations model climate scenarios and accelerate sustainability action (https://sustainabilitymag.com/tech-ai/deloitte-doubles-down-on-sustainable-solutions-with-gen-ai).
- Recognised as a leader in ESG assurance and published its Global ESG in M&A Trends Survey, showing ESG factors influence over 70% of major deal decisions (https://www.deloitte.com/in/en/services/financial-advisory/analysis/global-esg-ma-survey.html).
- Hosted Coalesce 2023, bringing together CXOs from 187 organisations to design future‑ready business strategies with a focus on trustworthy AI and net‑zero goals (https://www.outlookbusiness.com/corporate/indian-cxos-emphasise-esg-trust-and-ai-for-future-business-growth-deloitte-coalesce-2023).
Culture & Values
Deloitte’s core values include:
- Integrity
- Outstanding value to clients
- Commitment to each other
- Strength from cultural diversity
The firm actively promotes diversity and inclusion through women‑in‑leadership programs, global mobility opportunities, and community impact initiatives.
Client‑Facing Businesses
Audit & Assurance
What it is – The core audit practice, focused on providing trust and confidence in financial information. Careers in India include:
- Statutory Audit – Auditing company financial statements.
- Risk Assurance – Internal audit, IT audit, and assurance on internal controls.
- Accounting & Reporting Advisory – Guidance on complex accounting standards and reporting.
- ESG & Sustainability Assurance – Assurance over sustainability and climate disclosures.
Consulting
What it is – Advises clients on growth, transformation, and performance, blending strategy with technology and human capital. In India, career opportunities span:
- Strategy, Analytics & M&A (Monitor Deloitte) – Corporate strategy, market entry, pricing, and M&A advisory.
- Core Business Operations – Process optimisation, supply chain, and operational transformation.
- Customer & Marketing (Deloitte Digital) – Customer experience, branding, and digital marketing strategies.
- Human Capital – Workforce strategy, change management, and HR transformation.
- Enterprise Performance (SAP, Oracle) – ERP implementation and enterprise platform optimisation.
Financial Advisory
What it is – Deloitte’s “Deals” practice, covering the full M&A lifecycle and crisis management. India‑based roles cover:
- M&A Advisory / Corporate Finance – Buy‑side and sell‑side deal advisory.
- Transaction Services – Financial due diligence for acquisitions and divestitures.
- Valuation Services – Independent valuations of companies, assets, and securities.
- Restructuring Services – Stabilisation and recovery for distressed companies.
- Forensic Services – Fraud investigation, dispute resolution, and compliance reviews.
Risk Advisory
What it is – Helps organisations identify, manage, and transform risk across cyber, regulatory, financial, and strategic domains. Careers in India include:
- Cyber Risk – Cybersecurity strategy, operations, and incident response.
- Strategic & Reputation Risk – Enterprise risk, resilience, and brand protection.
- Regulatory & Legal Risk – Compliance programs and regulatory remediation.
- Financial Risk – Market, credit, and liquidity risk management.
Tax & Legal
What it is – End‑to‑end tax, regulatory, and mobility solutions aligned with business strategy. In India, career paths include:
- Corporate & International Tax – Direct tax compliance and cross‑border structuring.
- Indirect Tax (GST & Customs) – GST implementation, returns, and customs advisory.
- Transfer Pricing – Planning, benchmarking, and dispute resolution.
- Global Employer Services (GES) – Mobility tax, immigration, and payroll compliance.
Internal Firm Services (IFS)
What it is – Often called “Enabling Areas”, these are Deloitte’s internal business units that support all client‑facing professionals and ensure smooth firm operations. Careers in India within IFS include:
- Talent (Human Resources) – Recruitment, onboarding, performance management, learning & development, employee engagement, and career progression programs.
- Information Technology Services (ITS) – Internal tech infrastructure, hardware/software support, network management, cybersecurity, and digital workplace tools.
- Finance & Administration – Firm‑wide budgeting, accounting, expense management, procurement, and office facilities operations.
- Brand, Marketing & Communications (BMC) – Brand strategy, marketing campaigns, proposal development, public relations, and internal communications.
- Risk & Legal – Internal risk management, compliance, contract review, legal advisory, and regulatory governance.
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