DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.

Job Purpose

We are seeking a highly motivated and skilled individual to lead the Model Validation function with Risk Management Group. The successful candidate will be responsible for independently validating a diverse range of credit risk models used across both wholesale and retail banking businesses. This role involves assessing model design, data quality, implementation, and ongoing performance to ensure models are fit for purpose,



compliant with regulatory requirements, and effectively manage financial risk.

Key Accountabilities
- Independent Model Validation: Conduct end-to-end independent validation of credit risk models, including but not limited to:
- Wholesale Banking Models: PD, LGD, EAD models for corporate, commercial real estate, and other institutional exposures;
stress testing models;
counterparty credit risk models;
credit rating models
- Retail Banking Models: PD, LGD, EAD models for mortgages, auto loans, credit cards, personal loans;
application scorecards,behavioral scorecards, collections models.
- Methodology Review: Critically evaluate model development methodologies, underlying assumptions, conceptual soundness, and quantitative techniques.
- Data Quality Assessment: Assess the quality, completeness, and appropriateness of data used in model development and ongoing monitoring.
- Implementation Review: Verify the accura

📌 Finance & Accounting Process Lead (Mumbai)
🏢 DBS Bank
📍 Mumbai