The role involves
Review and assess the model governance, development, validation, documentation, and implementation to

evaluate the effectiveness of the models.
Prospect 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.
Positive 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