Senior Manager, Model Risk

The role holder is a part of the Model Risk Policy and Governance ( MRPG ) function in Bangalore, India focusing on providing integrated support for the Group.

The role holder would support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP) and Group Model Risk Standards (GMRS) are adhered to.

The role holder would be the primary point of contact for Traded Risk model families within MRPG.

The role holder is responsible for providing effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.

The role holder is responsible for preparing monthly and quarterly model risk information reports and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines.

The role holder would support the SS1/23 roll out in the Traded Risk model families by actively engaging with the stakeholders.

The role holder would support the building of the Group DQMs Inventory tool (Model Risk Management System), various functionalities in GAME (Model Inventory Platform) Dashboard enhancements by collaborating with the MRMS /GAME development team to provide end-to-end support for implementation of various workflows, tasks and functionalities that is aligned to the industry standards.

The role holder support the ERM Model Risk Management team to ensure that Group Model Risk Policy (GMRP) and Group Model Risk Standards (GMRS) are adhered to.

Business
The role holder is a part of the Model Risk Policy and Governance ( MRPG ) function in Bangalore, India focusing on providing integrated support for the Group.

Processes
Maintain Frameworks, Policies, and Standards
Support the periodic review and maintenance of Model Risk RTF, Group Model Risk Policy (GMRP), Group Model Risk Standard (GMRS), Group Deterministic Quantitative Methods (DQM) Standards, and Model Family Standards (MFS). This includes initiating periodic reviews, managing stakeholder consultations, thematic reviews and supporting the final incorporation of changes to the documents.
Provide ongoing support for the implementation of RCSA controls (operational risk controls, control tests, key control indicators for policy compliance) and residual risk assessments across Traded Risk model families.
Support the effectiveness reviews performed for the RTF, policy, and standards. Manage the periodic policy compliance assessments for the assigned model families to ensure adherence to the GMRP.
Oversight Reporting
Prepare monthly and quarterly model risk information reports, oversight reports, Data Quality (DQ) items report and any other ad-hoc reports as required. This includes engagement with stakeholders for inputs and review/ challenge of progress updates provided by stakeholders against timelines.
Act as the primary point of contact for Traded Risk model families within MRPG. Provide inputs and manage queries specific to these model families as a part of the various oversight and reporting activities
Identify, review and track model risk issues and ensure that these are reported to senior management with remediation plans in place and are tracked to completion.
Provide oversight on various Data quality (DQ) items related to Inventory via DQ item Dashboard and ensure that these are managed by relevant stakeholders with periodic follow-ups to bring them to closure.

SS1/23 roll out and Other Streamlining Initiatives
Support the SS1/23 roll out in the Traded Risk model families by actively engaging with the stakeholders and ensuring that the actions as per the Road to Compliance (RTC) is met within the timeline.
Support the building of the Group DQMs Inventory tool (Model Risk Management System) by collaborating with the MRMS development team to provide end-to-end support for implementation of various workflows, tasks and functionalities that is aligned to the industry standards.
Support the stakeholders in Traded Risk model families to roll out various SS1/23 requirements via using the MRMS as required .
Support the GAME (Model Inventory Platform) Dashboard enhancements by actively engaging in the implementation of its functionalities, as required . Collaborate with GAME development team to provide end-to-end support for implementation of various functionalities and workflow that is aligned to the industry standards.
Support the efforts to improve and streamline existing processes and contribute to building standard templates, procedures, and practices to provide an efficient oversight to the model life cycle, as required.
Provide support for the effective administration of the Group Model Inventory tool (GAME - Global Model Analytics Explorer) and Group DQMs Inventory tool (Model Risk Management System)
Provide support to continuously improve the operational efficiency and effectiveness of the Model Risk Management processes.
People Talent
The role holder is a good team player.
Collaborative; working as a part of a broader team to ensure a coordinated and consistent approach

Risk Management
Regulatory Analysis and Updates
Coordinate and provide periodic updates to senior management on upcoming regulatory changes and its impact on the functioning of MRM frameworks.
Support the coordination of regulatory capital analysis, consultations, responses impacting risk models, policies, and processes for the ERM function.
Governance
Support the SS1/23 roll out in the Traded Risk model families by ensuring the Group DQM Standards is complied by the stakeholders.
Ensure that outcomes delivered, including necessary controls are fit for purpose and meet regulatory requirements and ensure the Bank s risk governance disciplines are adhered with.
Support through awareness and understanding of the regulatory framework (specifically FED SR 11/7 or PRA SS 3/18, SS1/23) in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Oversee changes in the Group s arrangements to deliver effective governance, oversight, and controls in accordance with model risk governance and risk reporting responsibilities.

The role holder should bring the following experience and capabilities:
Market Knowledge: 8-12 years of total experience with minimum 4-5 years of experience in Model Risk Management
Good communicator, in particular written communications in English
Ability to explain complex matters in simple and intuitive terms
Ability to track and report progress updates of multiple areas against milestones and highlight key issues
Collaborative; working as part of a broader team to ensure a coordinated and consistent approach
Good organiser of incoming requests within the team
Ability to work with minimal direction
Demonstrate understanding of and commitment to the Groups core values.
Ownership mindset, able to think creatively and be open to new ideas
Able to work with tight deadlines and multiple demands
Attention to detail
Proactive, problem-solving, helpful
Strong experience in MS Outlook, Word, Excel, Power Point, and preferably Atlassian JIRA

QUALIFICATIONS