The role involves

- Review and assess the model governance, development, validation, documentation, and implementation to

evaluate the effectiveness of the models.

- Opportunity to contribute to one or more areas of audit covering Risk/BIU models like audit of Credit Risk models,

Market Risk, Operational Risk, Fraud Risk as per RBI guidelines.

- Experienced in record-keeping, collaborating with diverse stakeholders. Valuable communication (both verbal &

written) and inter-personal skills.

- Good to have knowledge of or hands on experience in programming language(s).

Key Responsibilities

- Review and assess the model governance, development, validation, documentation, and implementation to

evaluate the effectiveness of the scoring, economic capital, and rating models using statistical,



machine learning techniques.

- Drafting of detailed audit reports with assessment details, preparation of supporting workpapers, clearly

documenting the observations noted with implications and recommending corrective actions to auditee units.

- Create or review of Risk Control Matrix (RCMs), publishing the audit reports in Pentana and AWMS systems.

- Engage with stakeholders and manage audit discussions to ensure effective communication and resolution of

issues.

- Act as a central point of contact between internal or external auditors and auditee units.

📌 Job Opening -Model Audit (Mumbai)
🏢 Axis Bank
📍 Mumbai