• Model Risk Management - Validation Jobs in Mumbai,India

  • Credit Suisse Securities (India) Pvt Ltd
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  • 5 - 8 Years
  • Posted : above 1 month

Job Description:

Model Risk Management - Validation # 119595

India-Mumbai-Mumbai |

Full-time | Corporate Functions | Job ID 119595 Risk Management English

Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries With new leadership, a new strategy and a streamlined global organization, we are set for growth We partner across businesses, divisions and regions to create innovative solutions to meet the needs of our clientsand to help our employees grow It is a high priority for us to continually invest in our employees by providing ongoing opportunities for training, networking and mobility Join us and lets shape the future of Credit Suisse together

We Offer

Part of Enterprise Risk Management (ERM) at Credit Suisse, the Model Risk Management (MRM) team has a mandate to validate the Banks business-impactful models firm-wide and more generally to identify, measure and manage model risk across Credit Suisse The team is established in New York, London, Zurich, Warsaw, Mumbai and Singapore

As a member of the MRM team, the candidate will get exposure to modelling in a wide variety of risk areas such as credit risk, market risk, operational risk etc The current heightened regulatory focus on these areas and the teams broader model risk scope also guarantees a significant level of interest and visibility to the business and senior management Opportunities to present results to stakeholders as well as peers are numerous, allowing the candidate to widen and develop their network and reputation

Role Description

The successful candidate will

Be expected to use business insights, as well as mathematical skills to evaluate financial models
Be expected to lead and manage independent validation reviews across a range of capital planning models, meeting business needs and regulatory expectations with responsibility for investigating key aspects of each model under review such as choice of modelling approach, the underlying assumptions and associated limitations, performance and optimal use of the model
Review, verify and validate risk models for theoretical soundness, testing design and identification of model weaknesses, ensuring ongoing monitoring as well as contribute in the firm-wide model risk and control assessment
Be expected to demonstrate independence in planning and stakeholder engagement, testing design and execution, results interpretation and presentation, and the production of documentation strong enough to evidence a sound challenge to both internal and external parties
Be expected to communicate various aspects of model validation to modelers, managements and regulators

You Offer

5 years of experience in modeling or model validation in established financial institutions
Candidates for the role in the MRM team are expected to hold a first degree in a quantitative discipline, eg Mathematics, Physics, Engineering, Finance, and probably a Masters or PhD
Extensive experience in financial modelling and/or model validation Hands-on experience of statistical or econometric modeling is essential
Client focus and the ability to communicate effectively with senior stakeholders, including the ability to explain complex topics to a diverse range of audiences
Experience of managing/leading teams, ideally in the context of model validation and/or financial modeling
Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results to strict deadlines


Good knowledge including programming experience of software applications such as R, Matlab, SQL and SAS
Experience in data management and analysis or in Front Office IT would be an advantage
Broader experience in risk and capital models would be an asset

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking, Banking
Functional Area : Banks/Insurance/Financial Services
Role : Risk/Credit/Economic Analyst
Salary : As per Industry Standards
Deadline : 08th Mar 2020

Key Skills:

Company Profile:

Credit Suisse Securities (India) Pvt Ltdarfix

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