Role & responsibilities:

The research analyst will be responsible for developing and validating credit rating models and methodologies across asset classes, ensuring regulatory compliance with SEBI and RBI. They also produce high-quality research on macroeconomic trends, credit risks, and ESG factors, supporting the rating committee and management in maintaining accurate, robust, and compliant rating standards.

Criteria and Model Development-

- Contribute to the development and maintenance of criteria for rating various asset classes, including corporate bonds, structured finance, and sovereign debt.
- Contribute to the development and validation of credit rating models, including data analysis, model design, and testing.
- Ensure rating models are regularly reviewed and updated to reflect changes in market conditions and regulatory requirements.
- Work closely on projects involving analytical disclosures (CDR, Transition matrix, default statistics) to the regulators of the organization viz. SEBI & RBI.
- Work closely with rating committees, analysts, and other stakeholders to ensure rating models and criteria are applied consistently and accurately.
- Oversee thorough model validation activities including back-testing, stress testing, and performance monitoring, and lead remediation as required.
- Develop and maintain documentation for rating models and criteria, including methodology reports and user guides.
- Support rating analysts and other stakeholders on rating models and criteria.




- Apply statistical techniques to derive analysis and key findings (preferred)

Research-

- Conduct research and produce high-quality reports, presentations and short articles on a wide range of topics including but not limited to macroeconomic developments, credit trends, credit protection gaps, impact of regulatory developments on credit ratings, climate risk, ESG, and industry trends.
- Track and interpret ongoing risk, regulations/policies and all related regulatory expectations.
- Support management with research and regulatory understanding pertaining to day-to-day requirements of regulators.

Competencies:

- Strong communication and collaboration skills, with the ability to work effectively with stakeholders at all levels.
- Drive continuous improvement by researching advanced statistical and machine learning techniques to enhance model accuracy and efficiency.
- Knowledge of risk policy and regulatory reporting is preferred.
- Excellent analytical and quantitative skills with the ability to interpret large datasets.
- Valuable understanding of model risk management principles and governance requirements
- Proficiency in understanding of key financial ratios pertaining to credit risk would be an added advantage.
- Proficiency in R or Python for statistical modeling and data analysis is mandatory.
- Proficiency in MS Office suite (Word, advanced Excel and PowerPoint).
- Proficiency in statistical and quantitative techniques to solve various business problems

📌 Research Analyst - Criteria, Rating Model Development & Research (Bengaluru)
🏢 Brickwork Ratings (BWR)
📍 Bengaluru