Job Title

JD approved by (business):Nachiket Damodare – Head-ERM & Credit Risk Analytics &Advance Capital & Provsioning Stds Version No: 2.0Job Purpose: · Leadership role managing and overseeing the development of retail credit risk model building using statistical, econometric and advance analytics.Job Responsibilities ActionablesLeadership · Lead development of advanced credit risk models for provisioning/capital requirements (IFRS, CECL, BASEL IRB) and internal risk management using statistical, econometric and machine learning techniques · Manage team of quantitative analysts providing technical guidance and mentorshipRetail Model building · Apply machine learning algorithms and advanced statistical techniques to enhance model performance · Utilise big data tech for data processing and feature engineering · Integrate external data sources to improve model accuracy · Collaborate with IT and data engineering teams to ensure availability and quality of data for model development · Ensure documentation practice is inculcated in the teamPolicies and Procedures · Develop/enrich/update policies and procedures for retail model building. · Ensure new regulatory requirements are understood, analysed and impact assessment conducted.Periodic submissions · Ensure timely and quality submissions of Board/ Board Committee/Senior Management notes · Presentations to Senior Management committees to provide updates, analyses. · Communicate lucidly model performance and risk assessments to senior managementModel Validation · Engage with Model Validation Unit to address the observations, improve model building with best practicesRegulatory and Audit · Liaise with regulatory and statutory audit/ compliance/validation and related teams to address observations and ensure compliance to regulations. · Respond to regulatory indents and observations and guide to closure.Educational Qualifications Key SkillsPost-graduate degree (preferably inStatistics or Economics degree with astrong quantitative underpinning) froma respected institution with anoutstanding academic record.Certifications desired: CFA/ FRM · Team Management & excellent interpersonal skills · Excellent quantitative and analytical skills · Strong interpersonal / communication skills · Good understanding of the regulatory guidelines with respect to capital adequacy, provisioning · Should be able to manage and groom the team to develop required competenciesExperience Required· Experience of 10-14 years & above in credit risk analytics, model development from reputed financialhouse· Strong technical skills in python, SQL, Azure, cloud functions deployment· Exposure to banking preferable· Strong exposure to local and global regulatory guidelines· Ability to handle team of analysts ensuring motivation in the team for quality and timely deliverablesMajor Stakeholders· Board/Board Committees· Senior Management· Audit & Compliance· Regulators· Risk teams· Credit· Business· Finance, Credit Administration Dept., Operations, Trade· IT