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 Professional 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 current 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