Model Audit Quant

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: 6 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Description:

Audit Execution: Plan lead and execute complex internal audits focused on
model risk related controls across diverse model types (e.g. credit market
operational capital stress testing). This includes assessing controls on model
development validation implementation and ongoing performance monitoring.
Risk Assessment: Identify and assess key risks and controls related to the end-
to-end model lifecycle including data quality model methodology conceptual
soundness model output accuracy and usage.
Regulatory Compliance: Evaluate adherence to internal policies industry best
practices and regulatory requirements (e.g. SR 11-7 SR-15-18 Basel III local
regulatory guidelines like RBI pronouncements concerning model risk).
Control Effectiveness: Design and perform testing of controls within the model risk management framework identifying control weaknesses process inefficiencies and areas for improvement.

Job Description: Audit Execution: Plan lead and execute complex internal audits focused on model risk related controls across diverse model types (e.g. credit market operational capital stress testing). This includes assessing controls on model development validation implementation and ...