Job Description for Quant Analytics Sr. Associate- Model Risk
As a Senior Quantitative Analytics Associate, you will be responsible for leading independent validations and reviews of the bank's various risk models. This role ensures that models are functioning as intended, comply with regulatory requirements, and that their risks are accurately identified, measured, and reported to senior management. Specifically, you will be performing in-depth validations and reviews of current and existing models used across the bank, including those for fraud risk, compliance risk (such as AML, OFAC), and/or other areas.
Essential Job Functions
Perform hands-on quantitative model validation/review. This includes testing the model's conceptual soundness, data accuracy, methodology, and ongoing performance through techniques like back testing, benchmarking, and stress testing, etc.
Provide an effective challenge throughout the model validation/review to ensure that models are robust, and all assumptions and limitations are justified.
Present findings,



weakness and/or observations identified from the validation/review to model developers/owners and provide them with executable finding remediations.
Prepare detailed validation reports and memos that document the validation approach, findings, and conclusions.
Participate in internal audits and regulatory exams by presenting validation results and methodologies and assisting in the remediation of any audit or exam findings.
Act as a subject matter expert on modeling techniques, risk management practices, and regulatory trends. This involves performing research and developing advanced analytical tools or benchmarking models to aid the validation process.
Required Qualifications
Masters degree (or its equivalent) in a quantitative discipline and at least 3 years of relevant experience; or Bachelor’s degree (or its equivalent) and at least 5 years of relevant experience.
Hands-on experience in statistical and AI/ML model development or vali

📌 Senior Quantitative Analytics Associate Mumbai
🏢 Tata Consultancy Services
📍 Mumbai