The Credit Risk Model Validation team validates the models employed for managing the credit risks associated with leasing activities of Ford cars. The scope of this validation team includes a variety of models (PD, LGD, EAD), application and collection scorecard models for different product types. The validator in this team has a key role of: • assessing the quality of the data used for the development of the model; • examining the correctness of the methodology and assumptions; • challenging the correctness of the implementation of the model; • forming independent opinion on the model's performance; • ensuring involvement of all the relevant parties in the development process; • assessing the compliance of the model with respect to internal and external regulations; • checking the final implementation of the model in the production environment; The team examines,
verifies and challenges various modelling techniques scaling from logistic regressions and time-series analysis to Monte-Carlo simulations and machine learning techniques. The validators often employ those for building challenger models as an alternative to the methods proposed by Modelling. By analyzing the key components of the model the validator identify issues, proposes improvement opportunities, identifies the model risk and shares the result with relevant parties. The team creates high quality validation reports and provides them to the senior management as well as to other key stakeholders.
Performs independent validations on statistical and financial models across different business-area models from areas of finance, treasury, applications, loss forecast, risk, and collections • Writes and presents model validation reports and provides value-added recommendations to model owners and developers. • Queries data from multiple sources and platforms (SAS, Teradata and others) to find the right infor
📌 Credit Risk Modeler (Chennai)
🏢 Ford Motor
📍 Chennai
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