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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
Position details
The use of models presents model risk, which is the potential for adverse consequences from decisions based on incorrect or misused model outputs and reports. Model risk can lead to financial loss, poor business and strategic decision-making,
or damage to a banking organization’s reputation. Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.
The candidate will report to the Head of Model and EUCC Risk in MGS India. The team is responsible for the enterprise-wide model validation and control function to ensure the continued safety and soundness of models used across the bank. Model Risk Management touches models across all lines of businesses and the candidate will have opportunities to work in validation across all areas of the bank.
This is a hands-on individual contributor role focused on independent validation and effective challenge of market risk models.
Roles and Responsibilities
Independently validate counterparty credit risk and XVA models, including:Exposure models: PFE, EPE, EEPE, EAD; Monte Carlo simulation engin
📌 Model Validation_Counterparty Credit Risk (Bengaluru)
🏢 Mufg
📍 Bengaluru
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