Senior Manager - Model Risk Analyst/Gurgaon

Senior Manager - Model Risk Analyst

Role Purpose

The role is responsible for developing and maintaining model risk policies and manage the model governance processes as per the policy on enterprise models.

Role Accountability

1. Develop and manage/upgrade model risk policies and governance
2. Review and approve new models, for their conceptual soundness, data integrity and output analysis
3. Liase with internal stakeholders to communicate model breach, data requirements, understanding gaps etc.
4. Manage and handle queries from external or internal auditors relating to model governance.
5. Responsible for independent periodic review of the models
6. Liase with external vendors for periodic and detailed model validation
7. Work with external vendors to evaluate new products related to model monitoring

Measures of Success

• 1. Create and maintain model inventory for the organization
• 2. Create and maintain model renewal and validation
• 3. Ensure resolution on model breaches (if any)
• 4. Ensure proper documentation of risk review of the new model

Technical Skills / Experience / Certifications

1. Good knowledge of SAS,SQL, Python, MS Office, BI tools etc.
2. Ability to understand all credit card related data elements
3. Ability to work in a distributed data storage environment
4. Strong understanding of modelling concepts and model validation as a line of defense

Competencies critical to the role

1. Self-driven, able to work in teams or independently.
2. Strong attention to detail and ability to notice discrepancies.
3. Deep understanding of modeling techniques including ML models.
4. Ability to prepare and present information in a structured manner.
5. Ability to work with senior management and present insights and analysis.
6. Strong problem-solving skills

Qualification

Graduation / Masters degree in economics, statistics, operations research, mathematics, engineering, business, or related field with a strong quantitative emphasis.

Preferred Industry

BFSI

Same Posting Description for Internal and External Candidates