Position- Risk Specialist

Employment Type- Permanent

Location- Mumbai

Basic Qualification (As on 31.10.2026):

Mandatory: CA, CFA, MBA / PGDM or equivalent degree in Finance / Data Analytics / Business Analytics from a recognized institute.

Other Certifications (As on 31.10.2026):

Preferred: Financial Risk Manager (FRM) by GARP or Skilled Risk Managers by PRMIA.

Work Experience (As on 31.10.2026):

Minimum 2 years of post-qualification work experience in dealing with Expected Credit Loss (ECL) related modelling in Risk Management Department of any Bank / Financial Institution / Rating Agency / Brokerage firm or Risk Advisory in Consulting Firm.

(Training & Teaching experience will not be counted for eligibility).

Job Profile:

➢ Development of Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models for various loan portfolio and investments on which ECL is applicable.

➢ Development of Macroeconomic Overlays models required as per regulatory guidelines.

➢ Implementation of PD, LGD and EAD Models in OFSAA.

➢ Period Monitoring, Maintenance and validation of above models.

➢ Preparation of Framework for Determination of Stage under ECL.

➢ Identification of Significant Increase in Credit Risk (SICR) triggers along with setting qualitative and quantitative triggers for various portfolio.

➢ Coordinate with Auditors & Regulator,



BUs & other stakeholders throughout model lifecycle.

➢ Suggest changes in policies / system / processes due to ECL provisioning.

➢ Participate in outreach program / workshops on new provisioning calculations.

➢ Maintain proper Model documents and database required for audit & regulatory supervision

➢ Perform any task as and when allotted to achieve Banks’ goals in timely manner.

KRA:

➢ Develop models required for ECL computation using industry best practices and using statistical and machine learning techniques.

➢ Document end to end workings as per Model lifecycle management.

➢ Collaborate with cross-functional teams to understand business requirements and translate them into model specifications.

➢ Perform data extraction, cleaning, and preprocessing to prepare datasets for modelling.

➢ Assess conceptual soundness, input integrity, calibration, back-testing, and outcome analysis.

➢ Coordinate with Auditors to submit required disclosure.

➢ Prepare process notes, model documentation, Business Requirement document.

➢ Submit periodic reports to senior management, and regulators if required.

➢ Organizing workshops and training.

➢ Be responsible for model life cycle management as per the Banks policy.

➢ Support in system and IT integration tools.

For more details, contact: [email protected]/ +91 (phone hidden).

📌 Risk Specialist (Mumbai)
🏢 State bank of india
📍 Mumbai