Ankura is a team of excellence founded on innovation and growth Ankura At Ankura our culture thrives on collaboration and connections fostering an environment where team members are encouraged to engage and innovate together We prioritize presence and engagement ensuring that every individual feels connected and valued within our dynamic and supportive community Practice Overview The Risk Advisory Services Practice RAS part of the Transaction Advisory Services TAS Practice offers expert support to banking clients in addressing critical risk and regulatory issues Our risk team delivers solutions to financial institutions through various services including model risk management encompassing model development and validation stress testing and scenario analysis and credit review services which involve thorough portfolio and loan assessments as well as other risk-related offerings Many of our projects require strong quantitative skills including mathematical aptitude coding experience statistical analysis and a solid understanding of the banking industry Team members possess academic qualifications in finance economics or econometrics In addition to essential model validation tasks this role may include supporting valuation-related projects and providing insights into the assessment and modeling of financial instruments This position is well-suited for candidates who want to engage in diverse projects and develop expertise in model risk and valuation areas Role Overview We re looking for an Associate position based in Gurgaon with expertise in Model Validation As a member of the Ankura Valuation Model Risk Management Risk Advisory team the Associate will primarily assist in advisory engagements in a fast-paced service-oriented business environment This is a fantastic opportunity to be part of a leading firm whilst being instrumental in the growth of a valuation service offering Key Responsibilities Associates play a vital role in project teams contributing to the preparation of client deliverables Responsibilities include Developing financial models in Excel R or Python Conducting model testing back-testing sensitivity analysis stress testing etc Assisting with bespoke model development deconstruction and replication Designing and maintaining databases to store and aggregate information Beyond core validation tasks associates will support valuation work across financial reporting tax reporting litigation arbitration and disputes This includes exposure to Business enterprise valuation BEV Security and derivative analysis options warrants complex instruments This role is ideal for candidates seeking to contribute to diverse projects and deepen expertise in model risk and valuation The ideal candidate should possess 1-2 years of experience in several key areas including but not limited to In-depth understanding of regulatory frameworks and guidance specifically SR 11-7 OCC 2011-12 Guidance on Model Risk Management and relevant CECL DFAST CCAR requirements Financial services model validation Liquidity and stress testing models Asset-liability models Anti-Money Laundering AML Bank Secrecy Act BSA Fraud detection and prevention Valuation of securities options warrants Qualifications Master s degree in economics statistics finance or business from an accredited institution Professional certifications preferred FRM PRM CFA Robust knowledge of Cash flow concepts and discounted cash flow DCF Option pricing models e g Black-Scholes Alternative investments Tangible and intangible valuations Fixed income instruments Technical Skills Programming in R and Python Proficiency in SAS or other statistical software packages Programming in other computer languages desired but not required Financial modeling using spreadsheets or databases Proficiency in Excel Use of large-scale relational databases e g SQL Oracle Interpretation and critical analysis of corporate banking financial statements Additional Competencies Effective oral and written communication skills Collaborative team player Ability to support multiple projects and meet deadlines Ankura is an Affirmative Action and Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin or protected veteran status and will not be discriminated against based on disability Equal Employment Opportunity Posters if you have a disability and believe you need a reasonable accommodation to search for a job opening submit an online application or participate in an interview assessment please email accommodations ankura com or call toll-free 1 (phone hidden) This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online Only messages left for this purpose will be returned Messages left for other purposes such as following up on an application or technical issues unrelated to a 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