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Axis Bank

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6 Axis Bank Jobs in Mumbai Suburban

AVP - Module audit - Market Risk

6-11 years

Mumbai Suburban, Navi Mumbai, Mumbai

1 vacancy

AVP - Module audit - Market Risk

Axis Bank

posted 3d ago

Job Description

About the Role

The candidate should have masters degree in Statistics, Econometrics, or a related quantitative field. Proven experience in Risk Modelling/Model validation and proficiency with statistical modelling software (R’ & SAS) is desired.

Key Responsibilities

  • Model Risk specialist, in close collaboration with Risk Audit team members will execute audits and other
  • model risk audit related activities to ensure efficient and high quality audit execution for critical models in use at the Bank.
  • The internal audit role would include the following as part of the day-to-day job:
  1. Audit of model development and validation process within the Bank.
  2. Updating risk and control matrix and checklist for audits being undertaken.
  3. Undertaking detailed walkthrough of the processes being audited and develop data request for the audit
  4. Updating of internal audit MIS with the status of audit observations and other actionable emanating to the audit department
  5. Assisting in making presentations to senior management and audit committee on the audits undertaken and performance of internal audits
  6. Provide necessary support in automating tests used in audit execution for achieving Continuous Control Monitoring (CCM)

Qualifications:

Optimal qualification for success on the job is:

  • Knowledge of SR 11-7 guidelines and its implementation for the model governance
  • Experience in development and validation of statistical models in use across banks, primarily for the purpose of Credit underwriting and measurement & management of Credit Risk, Market & ALM Risk, ICAAP & Stress testing etc.
  • Previous work experience in Risk Analytics or Model Risk team of a bank or Risk advisory team of leading consulting firm with majority of time allocated on developing or validating statistical/econometric models
  • Proficiency in statistical modeling software ‘R’, Python, SAS & SQL is an added advantage • Excellent written and verbal communication skills

Role Proficiencies:

For successful execution of the job, a candidate should possess the-

  • Knowledge of relevant Audit Systems
  • Good communication (both verbal & written) and inter-personal skills
  • Strong Excel and database manipulation skills, financial and statistical analysis skills)
  • Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
  • Ability to prioritize and make decisions in a fast-paced environment
  • Ability to manage multiple tasks/projects and deadlines simultaneously


Employment Type: Full Time, Permanent

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What people at Axis Bank are saying

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Auditor salary at Axis Bank

reported by 17 employees
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₹1.2 L/yr - ₹3 L/yr
54% less than the average Auditor Salary in India
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What Axis Bank employees are saying about work life

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56%
46%
50%
99%
Strict timing
Monday to Saturday
Within city
Day Shift
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Axis Bank Benefits

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Axis Bank Mumbai Office Location

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Mumbai Office
Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400 025 Mumbai
400 025

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