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Role: Credit Risk Modeling & Advanced Analytics
Overview & Purpose
This document outlines the full spectrum of quantitative and governance roles within our global Credit Risk Modeling function. Depending on your expertise, you may specialize in a single core area (e.g., Development, Validation, Monitoring, or Governance) or operate across multiple stages of the model lifecycle. The purpose of this overview is to provide prospective an holistic view of our model landscape, the business lines we support, and the key responsibilities across the entire Model Risk Management (MRM) ecosystem
.Scope of the Credit Risk Modeling Ecosystem
Business Lines: Retail Banking (high-volume mass market, mortgages, credit cards, personal loans) and Commercial/Wholesale Banking (low-default portfolios, corporate lending, SME, institutional
Model Types: Advanced IRB (PD, LGD, EAD), IFRS 9 / Expected Credit Loss (ECL), Origination & Behavioral Scorecards, Stress Testing, ALM, and emerging AI/Machine Learning models
Regulatory Frameworks: APRA prudential standards,



Basel III/IV accords, IFRS 9 accounting standards, US Federal Reserve SR 11-7 / SR 26-2, and UK PRA SS1/23
The Four Pillars of Credit Risk Modeling Responsibilities(Candidates may align with one or more of these pillars based on their background and career trajectory)Pillar
1: End-to-End Model Development & Design Methodology & Build: Lead the research, design, and development of core credit risk parameters and scorecards tailored to the distinct risk characteristics of Retail and Commercial lending portfolios
.Advanced Analytics & Data: Drive data exploration, feature engineering, and optimal portfolio segmentation. Evaluate and safely integrate emerging AI/ML techniques within a heavily regulated setting
Implementation Support: Partner closely with IT, Data Engineering, and 1st Line Credit Officers to ensure models are accurately translated into production systems, decision engines, and business strate

📌 Credit Risk Modelers (Mumbai)
🏢 Tata Consultancy Services
📍 Mumbai