Sr. Manager - Model Validation
Sr. Manager - Model Validation
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Job Description
Ready to shape the future of work
At Genpact we dont just adapt to changewe drive it. AI and digital innovation are redefining industries and were leading the charge. Genpacts AI Gigafactory our industry-first accelerator is an example of how were scaling advanced technology solutions to help global enterprises work smarter grow faster and transform at scale. From large-scale models to agentic AI our breakthrough solutions tackle companies most complex challenges.
If you thrive in a fast-moving tech-driven environment love solving real-world problems and want to be part of a team thats shaping the future this is your moment.
Genpact (NYSE: G) is anadvanced technology services and solutions company that deliverslastingvalue for leading ourdeep business knowledge operational excellence and cutting-edge solutions we help companies across industries get ahead and stay by curiosity courage and innovationour teamsimplementdata technology and AItocreate tomorrow to know us onLinkedInXYouTube andFacebook.
Inviting applications for the role of Senor Manager and Team Leader Model Validation
In this role you will be responsible for leading a model validation function covering market risk counterparty credit risk and derivatives valuation.
Responsibilities
You will be leading a team of varying seniority resources who are working with independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models. Your activities will include but will not be limited to the following:
Bringing the thought leadership to review the teams output and guide the team in effective challenge of the models they are working on.
Occasionally validating models
Develop in-depth understanding of clients products and systems. Develop awareness of existing model limitations.
Maintaining strong relationships with clients leaders in the market risk counterparty credit risk and traded products
The team work on the following:
o Independent model validation especially comprehensive model validation within 2nd line of defense using SR 11-7 or similar guidelines.
o Exhaustive model validation will include conceptual assessment of models use method assumptions limitations and on-going monitoring and control models outcome analysis.
o Development of benchmark models may be needed.
o Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques
o Prepare model validation report summarizing findings and providing recommendations.
Taking strategic decisions to ensure delivery objectives and client satisfaction. Coordinate with internal management and support functions to execute on the strategies.
Qualifications we seek in you!
Minimum Qualifications / Skills
Post-graduate degree / diploma in Statistics Mathematics Economics / Econometrics Physics from reputed institutes with courses in Financial Engineering or FRM / CQF. Candidates with PhD degrees will be preferred. Candidate with MBA degree needs to show strong advance mathematical knowledge / background.
Relevant experience in Banking or Capital Markets with experience in model validation.
Good understanding and experience in at least one of the regulatory risk modeling / validation guidelines SR 11-7 FRTB SA CCR SIMM SA CCR Stress Testing
Good understanding of model / system landscapes like pricing / Greeks scenario generation risk aggregation etc.
Good understanding of vanilla and exotic derivatives in all asset classes and their impact on various market risk (VaR SVaR FRTB SBM DRC and RRAO) and CCR components.
Thorough understanding of stochastic processes and their models stochastic volatility models yield curve models
Good understanding of conventions of various markets like treasury fixed income equities commodities etc.
Good understanding of market conventions of various risk factors such as IR EQ FX etc. and understanding of inflation products and their quotations.
Exposure to any treasury system such as Murex Calypso etc. or market data providers such as Bloomberg and Reuters.
The ability to build stochastic Monte Carlo and PDE based models in Python.
Effective communication/presentation skills written & verbal.
Self-driven initiative-taking can-do attitude. Ability to work under ambiguity and with minimal supervision.
Preferred Qualifications/ Skills
Strong networking negotiation and influencing skills.
Though leadership in model validation practices.
Why join Genpact
Be a transformation leader Work at the cutting edge of AI automation and digital innovation
Make an impact Drive change for global enterprises and solve business challenges that matter
Accelerate your career Get hands-on experience mentorship and continuous learning opportunities
Work with the best Join 140000 bold thinkers and problem-solvers who push boundaries every day
Thrive in a values-driven culture Our courage curiosity and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress
Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters: Up.
Lets build tomorrow together.
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.
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
