Senior Manager - Model Risk Management
- Fiat
- 7 to 11 Yrs
- karnataka
- 2 months ago
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Job Description
- Established in 2018, FC Global Services India LLP(First Citizens India) erstwhile SVB Global Services India LLP, is a leading destination for financial services, technology and innovative solutions. Based in Bengaluru, First Citizens India is an integral part of the enterprise Global Services division, responsible for delivering business value to its customers and clients in the United States. We have matured significantly over the years, developing deeper domain expertise amongst our highly skilled and developed talent pool. As part of First Citizens BancShares, our India-based teams benefit from the company's over 125-year legacy and strength. We are particularly proud of our strong, relationship-driven culture, which is deeply ingrained in our talented workforce. This is evident across all the key areas of our operations including Technology, Global Operations, Finance, Cybersecurity, Risk & Compliance, and Credit Administration. We have embraced innovation and change, positioning ourselves as a leader in the global banking technology and business services industry. We are seeking talented individuals to join us in our mission of providing well-developed and tailored business solutions. Job Description Role : Senior Manager - Model Risk Management - Governance & PMO Level : L2 Job category : Assistant Vice President About The Job The Model Risk Management (MRM) provides oversight for the MRM Framework, which consists of the policy, processes, and procedures. You will be based out of First Citizens India (FCI) office in Bangalore, report into the Director of Model Risk Management, India, and function as an integral member of the global MRM organization. The role will dually report into the global MRM Governance & PMO leader and work collaboratively with the global MRM leadership team and act as their point of contact in India. The Sr. Manager Model Risk Management (MRM) Governance & PMO will be a part of FCIs Model Governance team within the Model Risk Management (MRM) department and will be responsible for leading a variety of activities around the model lifecycle, inventory management, and reporting. You will be responsible for developing talent capabilities at FCI to provide global support to the MRM organization. This includes but not limited to hiring, coaching, mentoring, supervision, and other people management responsibilities in a transparent and in consultation with key global stakeholders. The role will manage a team of resources with strong MRM reporting and monitoring experience and skills, partners with global stakeholders to establish effective collaboration and partnership to build and manage talent capabilities. Communicates and collaborates across a broad set of stakeholders. Responsive to changes in the business environment. The Ideal Candidate Will Primary Responsibilities: 80% of Time Lead efforts to develop and maintain model governance documentation and performance monitoring, including periodically presenting results to MRM Leadership. Supports the design, development, implementation, and maintenance of the MRM analytics and reporting capabilities within the MRM Team, as well as broader risk management framework. Explore and assess new technologies and tools that can optimize MRM processes and effectiveness. Develops tools, visualizations, and dashboards to provide insights at scale to inform risk profile and solves for analytical needs. Facilitates implementation of work product. Collaborates with cross-functional partners, data, and product owners to gather insights, understand risk reporting strategies and business needs to inform the development of MRM process enhancements and process simplification. Maintain a strong month end data process which includes multiple layers of presentations and stakeholder review. Must maintain a deep understanding of model risk data and reporting. Drives automation efforts to simplify and streamline MRM processes. Performs end-to-end analysis that includes data gathering, analysis, ongoing scaled deliverables and presentations to Senior Management and the Board Complete various data quality reviews and checks on information within the Archer Model Inventory. Facilitates communication and builds effective working relationships with key business stakeholders and risk owners. Perform independent control testing on end user computing tools using SAS, Excel, Python, Access, etc., Assists MRM Leadership with ad-hoc MRM analysis, projects, presentations, and/or reporting. Documentation and Reporting: Produce high-quality, comprehensive validation reports that clearly communicate findings, recommendations, and potential risks to both technical and non-technical stakeholders. Ensure that validation documentation adheres to internal standards. Continuous Learning and Improvement: Stay up to date with emerging trends and best practices in model validation and regulatory requirements. Contribute to the enhancement of the model validation framework by suggesting process improvements and implementing industry-leading methodologies. Act as the FCI point-of-contact for responding to MRM and regulatory exam inquiries, including representing global approach and execution, facilitating walkthroughs and requisition of document/ data requests, actively engaging in status meetings, and providing updates to MRM leadership. Use subject matter expertise and analytics to proactively identify and address gaps and identify emerging risks. Lead remediation efforts for model-related issues identified through exams, audits, and model validations. Leadership and People management: 20% of Time Define talent/ skill needs and resource requirements keeping in mind process evolution and emerging technologies. Provide clear definition of roles, responsibilities, individual goals, and performance objectives for the team. Provide regular, constructive feedback to maximize positive impact of individual team members talent. Create and support a collaborative team environment. Build collaborative and effective partnership with MRM functional leads to ensure seamless support and delivery of services What Youll Bring Good understanding of regulatory requirements, particularly those related to stress testing and capital planning: SR 11-7/ OCC 2011-12 Excellent problem-solving skills, attention to detail, mentor, and coach junior analysts Experience using SQL to pull data from enterprise warehouse databases. Excellent written and verbal communication skills. Strategic planning skills supported with analytical skills. Team management and people management skills. Planning and execution skills. Stakeholder management skills, e.g., effective forward-looking planning, communication, and delivery of services. Able to effectively manage tasks as agreed and delegate work among team members. Efficient and well-organized workflow and process design skills Outstanding attention to detail, accuracy of information Ability to effectively collaborate and influence to lead cross-functional teams. Education And Experience Relevant Bachelor/ Masters degree, with preference for specialization in Statistics, Mathematics, or other quantitative discipline Microsoft Office (Word, Excel, PowerPoint, and Outlook) 7+ years of experience in model development, model validation, or model implementation within the financial industry; Proficiency in statistical methods (e.g., linear regression, logistic regression, survival analysis, ARIMA) and programming languages (e.g., SAS, Python, R, SQL) 4+ years of experience in managing people and functions. Knowledge of statistical and machine learning models. Experience of managing/ leading process improvement initiatives Strong understanding of model development and validation testing techniques Knowledge of financial services/ banking domain Equal Employment Opportunity ,
Employement Category:
Employement Type: Full timeIndustry: BFSIRole Category: Not SpecifiedFunctional Area: Not SpecifiedRole/Responsibilies: Senior Manager - Model Risk ManagementContact Details:
Company: First Citizens IndiaLocation(s): Karnataka+ View Contact
Keyskills: Governance PMO Talent Management Risk Management Data Analysis Stakeholder Management Regulatory Requirements SQL Programming Languages Process Improvement Financial Services Banking Domain
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