Position Summary:
Job Functions and Responsibilities:
- Annual Model inventory:Performed on a timely basis, the results of which will serve to facilitate a rotation plan review of models, given a risk-based approach.

Independent Model Validation:Perform technical reviews of model methodology, data, assumptions, and implementation to ensure soundness.
- Model Governance & Policy:Maintain and update the Model Risk Management (MRM) framework and policies in accordance with industry changes and regulatory requirements
- Performance Monitoring:Develop a dashboard reflective of recent actual vs expected model output. Conduct ongoing monitoring of models to ensure they remain "fit for purpose," identifying when models require recalibration or retirement due to degradation. Critical models such as MSR Valuation will need to be reviewed annually while others reviewed on a risk-based rotation plan.
- Documentation & Reporting:Prepare detailed validation reports for senior management, risk committees, and regulators, highlighting model risks and deficiencies.



Contribute to the Bi-Monthly Market Risk Committee, Enterprise Risk and Compliance Committee and MSR Valuation Committee sharing results of reviews performed pertinent to each Committee.
- Emerging Risk Management:Stay abreast of industry advancements in AI, machine learning, and quantitative modeling to proactively identify potential current risks.

Qualifications:
- A Bachelor’s degree is required in a quantitative discipline, such as Mathematics, Statistics, Financial Engineering, or Physics.- Proficiency in programming languages like Python, R, or SAS, along with experience in statistical modeling and data analysis.
- Proven ability to interpret data/models for creating trend analysis for presentation to management level ability
- High proficiency with Microsoft Office products and extensive experience in preparing executive-level PowerPoint presentations are required
- High level of professionalism, self-motivation and

📌 Manager, Model Risk Management (Bengaluru)
🏢 Onity Group
📍 Bengaluru