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Manager
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Job Description
Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125000 people across 30 countries are driven by our innate curiosity entrepreneurial agility and desire to create lasting value for clients. Powered by our purpose the relentless pursuit of a world that works better for people we serve and transform leading enterprises including the Fortune Global 500 with our deep business and industry knowledge digital operations services and expertise in data technology and AI.
Inviting applications for the role of Manager Model Validation
In this role you will be responsible for independent validation of banking book behavioral models under the Treasury Model Validation function. This role requires expertise in global best practices (SR 117 SS 1/23 to ensure robust model risk management.
Responsibilities
You will be working with the independent model validation function of a large banking client and will involve endtoend validation of risk and regulatory models across business functions and development of challenger models as necessary. Your activities will include but will not be limited to the following:
End toend independent model validation especially comprehensive model validation within 2nd line of defense using SR 117 or similar guidelines.
Exhaustive model validation will include conceptual assessment of models use methodology assumptions limitations and ongoing monitoring and control models outcome analysis.
Development of benchmark models and independent replication of model change implementation may be required.
Assessment of model adherence to regulatory guidelines.
Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques
Prepare comprehensive model validation report summarizing findings and provide recommendations.
Provide thought leadership and contribute to best practices in model validation.
Take ownership review reports from other validators and provide feedback. Mentor junior team members and promote a strong model risk management culture.
Engage with executive stakeholders across global markets.
Qualifications we seek in you!
Minimum Qualifications / Skills
Educational qualification: masters and bachelors degrees in quantitative disciplines like mathematics statistics economics computer science and engineering etc.; MBAs must have bachelors degree in one of the abovementioned disciplines.
Work experience or consulting experience with a tier 1/2 bank in North America specifically in Model Risk / Model Validation team.
Relevant experience of Independently validate banking book behavioral models including Nonmaturity deposits (NMDs) Term deposits and Prepayment models.
Hands on experience of independent model validation in CCAR/PPNR models either in Corporate Treasury or Credit risk. Model validation experience of any other statistical models is a plus.
Proficiency in Python and SAS for model data preparation fitting and testing is a must.
Effective challenge to model development 1st line) design and interpretation of model effectiveness tests model validation report writing etc.
Understanding of and experience in regulatory risk modeling/validation SR 117 Basels market risk final rules / IRRBB regulations OSFI guidelines etc.
Preferred qualifications
FRM certification isaplus.
Strong networking negotiation and influencing skills.
Exposure to any treasury system such as QRM QAS etc is a plus.
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race color religion or belief sex age national origin citizenship status marital status military/veteran status genetic information sexual orientation gender identity physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity customer focus and innovation. Get to know us at genpact and on LinkedIn X YouTube and Facebook.
Furthermore please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a starter kit paying to apply or purchasing equipment or training.
Required Experience:
Manager
Employment Type
Full-Time
