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Axis Bank

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155 Axis Bank Jobs

Risk: Model Risk

2-5 years

₹ 8 - 15L/yr

Mumbai

7 vacancies

Risk: Model Risk

Axis Bank

posted 28d ago

Job Role Insights

Fixed timing

Key skills for the job

Job Description

About the Role

Model Risk team is involved in review, validation, maintenance and monitoring of regulatory or decision making models/ rule engines/ computation platforms in the areas of credit risk, operational and fraud risk and market/ liquidity risk across retail and corporate businesses.

Key Responsibilities

KRAs would include the following,

  • Perform validations in one or more of the below domains:
  • Validation of new models or model upgrades coming from data sciences team (retail Application, Behavioral , Marketing scorecards/ Collections models/ Compliance and AML models)
  • Monitoring of all existing scorecards
  • Validation of regulatory models (PD/ LGD/ CCF, IFRS 9, Economic Capital and Stress testing) and pricing models such as RAROC
  • Validation/ monitoring of EWS, corporate and SME models
  • Validation of operational and fraud risk management models (Fraud/ DTM)
  • Validation of market risk and ALM models
  • Validation of system platforms for risk and lending models (e.g. for ALM, for Treasury and Market Risk , for Operational and Compliance Risk, for Rating and Retail Scorecards etc.
  • Active involvement in model governance activities such as framework updates, inventory maintenance, materiality assessment
  • Develop and deliver training programs for validation staff and other stakeholders on model validation concepts and techniques.
  • Participate in model governance committees and working groups and provide regular updates and recommendations to senior management.
  • Preparation of reports and presentation materials for risk committees and senior management
  • Any adhoc analysis pertaining to models and portfolios required by the CRO and risk management department
  • Monitor and evaluate emerging risks and trends in model validation and provide guidance and recommendations to senior management and other stakeholders.
  • Contribute to regulatory submissions and IA activities

Qualifications

Optimal qualification for success on the job is:

  • Masters in Statistics/ Quantitative Economics/ Quantitative Finance/ MBA with a quantitative modeling background
  • BE/BTech/Bstat/Bsc Eco/ BA Eco with suitable experience in analytical and risk management domains

Role Proficiencies:

  • 6-12 years of experience of working in a team either as an individual contributor in one or more of the above mentioned or also managing a team of 1-2 people
  • Experience in design and development of Statistical models using regression (logistic and ML/AI techniques such as GAM/ Machine learning/ Decision Trees), optimization, time series, survival modelling techniques will be an added advantage
  • Strong conceptual knowledge in one or more of credit risk/ market risk/ALM/ AML/ Fraud risk/ collections
  • Hands on/ demonstratable experience with SAS/ Python/ R
  • In-depth knowledge of regulatory requirements related to model validation.
  • Readiness to work with data at a granular level, write codes and create programs to undertake any analysis as required (while the person may have a small reporting team but he/she should be willing and able to extract , process data and generate metrics and insights himself/ herself)
  • Basic understanding of different business lines and products/ processes in the bank (retail banking / corporate banking/ treasury etc.)
  • Readiness to learn about new types of modeling methodologies/ new areas/ new concepts/ willingness to work out of comfort zone; be flexible rather than being a specialist in a particular domain or model type
  • Should have excellent communication skills and ability to manage senior stakeholders across risk, modelling, audit and business verticals
  • Should be a good team player
  • Comfortable using excel, powerpoint, etc.

Employment Type: Full Time, Permanent

Read full job description

Axis Bank Interview Questions & Tips

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Q1. You are Handling cash operations then how you manage operations with sales ?
Q2. How many joint holders we can process in an account in once ?
Q3. 1)How will you extend business of bank. 2) How will you pitch the customer. 3) What kind of loans are distributed in large no. now adays?
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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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