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BMI is currently seeking an Associate Director or Director, Risk Advisory – Credit Risk Modelling, based out of our Mumbai office.

BMI's systematic, independent and data-driven market insights, analysis and forecasts enable customers to recognize and assess risks and opportunities across markets and industries. For almost 40 years, we have provided impartial views to support our customers’ strategic plans and investment decisions.

At BMI, we’re proud of the work we do to help our clients manage risks and opportunities in global markets, which began in 1984 and continues to this day. By stepping into a role here, you will help shape the strategic decisions of the world’s leading organizations. As a member of our team, your role will go beyond conventional boundaries. You will collaborate with industry experts, thought leaders, and visionary executives, collectively working towards shaping the future of businesses that span a multitude of sectors. Our people are at the heart of everything we do, and we continuously strive to offer our colleagues a great place to work, with opportunities to learn, innovate, develop their careers, and serve the community.

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About the Team

BMI's Risk Advisory team provides specialist advisory services across credit risk modelling, model validation, IFRS 9 implementation, portfolio analytics and regulatory risk management. Working closely with financial institutions and corporate clients,



the team combines deep technical expertise with practical industry experience to design and deliver data-driven risk solutions that support effective decision-making, governance and regulatory compliance.

How You’ll Make an Impact:

Credit Risk Model Development & Delivery

- Develop and review credit risk models using Excel-based rating agency frameworks, Python and statistical techniques including logistic regression, decision trees and ensemble methods.
- Build and enhance IFRS 9 expected credit loss models, including PD, LGD, EAD and CCF components across both simplified and general approaches.
- Develop roll-rate-based PD models using customer-level receivables data, portfolio-level data and ageing cohort analysis.
- Apply advanced methodologies including TTC-to-PiT conversion, Vasicek modelling, survival PDs and term PD structures.
- Partner with senior subject matter experts to scope engagements, define analytical frameworks and deliver robust, client-ready solutions.

Model Validation, Governance & Quality Assurance

- Conduct credit risk model validations aligned with OCC guidance and Basel requirements, assessing discriminatory power, calibration, model stability and population stability.
- Perform parameter-level validation including WoE, IV analysis,



backtesting and out-of-time performance testing.
- Evaluate statistical, scorecard and hybrid risk models to ensure analytical integrity and regulatory compliance.
- Produce clear, defensible and auditable validation reports, technical documentation and client deliverables.
- Drive continuous improvement through evaluation of new methodologies, technologies and emerging modelling practices.

Client & Commercial Partnership

- Serve as a subject matter expert in client discussions, supporting solution design, proposal development and project delivery.
- Translate client requirements into practical modelling approaches and commercially relevant analytical outputs.
- Present modelling methodologies, validation findings and recommendations to both technical and non-technical stakeholders.
- Identify opportunities to expand client engagements through value-added risk advisory solutions.

Technical Leadership & Capability Building

- Support the development of the wider Advisory team's credit risk modelling and validation capability through mentoring, coaching and knowledge sharing.
- Create reusable modelling templates, validation frameworks and best-practice guidance to improve consistency and efficiency.
- Help colleagues develop expertise in statistical modelling, IFRS 9/ECL methodologies, model validation standards and emerging AI-related risk concepts.

You May be a Good Fit if:

- Significant hands-on experience in credit risk model development, model validation, IFRS 9/ECL modelling, credit analytics or related risk advisory functions.
- Robust proficiency in Excel and Python for statistical

📌 Associate Director or Director, Risk Advisory Head of Modelling, Mumbai
🏢 Fitch Group
📍 Mumbai