Company Name: VARITE India Private Limited

About The Client:

One of the oldest banking instituitions in the UAE and Middle East. The Client provides a range of conventional and Islamic banking services, including personal banking solutions such as deposits, loans, and credit cards. The bank also offers corporate and investment banking services, including corporate finance, investment advisory on mergers and acquisitions, initial public offerings (IPOs), and underwriting

Essential Job Functions:

Technical & Delivery Responsibilities

- Support the data preparation and model development, validation, and lifecycle management of Wholesale Rating Models

- Support model development and validation including:

- Corporate/Wholesale Rating Models including Large Corporate, Mid Corporate, SME, Sovereign, FI, HNWI, Project Finance, and Specialized Lending

- Explore new approaches for rating model development for low default portfolios

- Master Rating Scale (MRS) calibration

Wholesale Model Monitoring

- Outline the goals of model monitoring, considering factors like accuracy and other relevant metrics based on the model purpose

- Determine the expected performance of the respective models on historical data

- Implement monitoring tools to continuously assess model performance.

- This includes monitoring input data quality, predictions

- Communicate the model performance to relevant stakeholders to ensure the prompt attention to potential problems.

- Regularly review and improve the model performance process based on the feedback, change in underlying data and evolving business requirement.

Data Management

- Lead end-to-end data lifecycle management for model development, including sourcing, profiling, transformation,



and documentation.

- Identify data requirements for model development.

- Coordinate with IT and data engineering teams to streamline data pipelines required for model development .

Problem Solving

- The role holder is expected to possess advanced analytical capabilities and problem-solving skills in order to:

- Sound understanding of wholesale model development.

- Proactive and hands-on in solving complex credit / quantitative issues as they arise

- Possess strong verbal and written communication skills

Decision Making

- The job holder is responsible for:

- Supporting critical risk management and regulatory function within client.

- Assisting with decisions that impact MB’s domestic and international audit and regulatory compliance.

Qualifications:

Mandatory / Essential

- Robust foundation in Statistics and Mathematics.

- At least 4-5 years of banking experience, out of which 1-2 years are spent in related areas

- Strong analytical skills and knowledge on Financial Risk Management

- At least 2-3 years of banking experience in related areas

- Excellent computer skills (especially R, Python, SAS, Excel, Visual Basic, SQL & Oracle)

Desirable

- Postgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM.





- Experience of developing teams in a multi-jurisdictional and matrixed organization.

- Understanding and experience of Client frameworks, CBUAE regulations relating to model management standards.

How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit Jobs In India – VARITE.

Unlock Rewards: Refer Candidates and Earn.

If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a valuable fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the preferred candidate completes a three-month assignment with VARITE.

Experience Level Bonus Referral:

0-2 years

INR 5,000

2-6 years

INR 7,500

6+ years

INR 10,000

About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.

Equal Opportunity Employer:

VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based on race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.

📌 Lead Model Developer (Bengaluru)
🏢 VARITE
📍 Bengaluru