13 Oct
|
Hakkōda, an IBM
|
Bengaluru
13 Oct
Hakkōda, an IBM
Bengaluru
The Model Validation Analyst is responsible for independently assessing the conceptual soundness, performance, implementation, and ongoing monitoring of models used across the Bank. The role supports the Bank's Model Risk Management (MRM) framework by conducting rigorous validations in accordance with regulatory requirements, including the U.S. Federal Reserve's SR 26-2 Guidance on Model Risk Management and applicable OCC and FDIC expectations. The analyst will evaluate a variety of quantitative and qualitative models, including credit risk, market risk, liquidity risk, stress testing, AML/fraud, capital planning, CECL, pricing, and machine learning models. The successful candidate will work under the supervision of the U.S. team, work closely with bank MRM team, model developers, model owners, business stakeholders, Internal Audit, and regulators to ensure models are fit for purpose and risks are appropriately identified and mitigated. Perform independent validations and reviews of models/EUCs across the model lifecycle under supervision of the US team.
Assess model conceptual design, methodology, assumptions, limitations, data quality, implementation, and usage. Conduct quantitative testing, including: Outcome analysis Benchmarking Back-testing Sensitivity analysis Stress testing Performance monitoring reviews Evaluate model development documentation and supporting evidence. Verify compliance with internal model risk policies and regulatory guidance. Assign validation findings and risk ratings based on established governance standards. Develop recommendations for model improvements and risk mitigation. Assist in maintaining the model inventory, model risk ratings, and issue tracking and remediation. Collaborate with bank MRM team, model developers, business units, risk management teams, and technology teams. Education Bachelor's degree in Statistics, Mathematics, Economics, Finance, Data Science, or related quantitative discipline Experience 2-5 years of experienc
📌 Manager- R&C (Bengaluru)
🏢 Hakkōda, an IBM
📍 Bengaluru