Data Scientist

Job opening at Chennai

Location

Chennai

Address

Chennai

Employment

Full Time

Qualification

Bachelor Of Engineering - Bachelor Of Technology (B.E./B.Tech.)

Payment

3000000 to 3500000

Date Posted

2024 Nov,29

HR

Mili Chavhan

Contact

mili@white-force.com

Mobile

6264800152


Job description



Key Responsibility Area: (Specifies Key Result Areas for the Incumbent) 


o Apply predictive modeling techniques, including decision trees, regression analysis, and machine learning,
to develop models that meet predictive accuracy requirements. 


o Evaluate the conceptual and technical soundness of valuation and risk models according to OCC SR 11-7
Model Risk Management guidelines. 


o Critically assess modeling approaches, frameworks, assumptions, and testing methodologies, covering
performance testing, back testing, benchmarking, and stress/sensitivity testing. 


o Perform data extraction from relational databases using SQL and employ programming languages like
Python and R for model testing, data analysis, and generating reports. 


o Ensure model documentation adheres to regulatory standards, particularly SR 11-7 guidelines, covering
data analysis, model methodology, performance evaluation, and implementation. 


o Execute risk analysis to validate the performance of existing risk models, lead gap-closing initiatives, and
recommend improvements. 


o Independently review model validations, assess identified issues, and propose solutions that meet
methodological rigor. 


o Generate regular reports on model performance monitoring, including updates on compliance with policies
and procedures, progress, challenges, and issues. 


o Provide recommendations for model design, development, back testing, implementation, and recalibration
processes. 


o Assist in model performance reviews, validate controls, and ensure effective communication with
stakeholders about validation results. 


o Develop and maintain a comprehensive and accurate model inventory in alignment with Model Validation
Policy requirements.






Eligibility Criteria: (Skill set required to do the job- Knowledge, Tools, Technical Knowledge, Certifications etc.) 


o Proficiency in predictive modeling techniques, including decision trees, regression analysis, and machine
learning. 


o Strong programming skills, especially in SQL, Python, and R, for model testing and data analysis. 


o Proficiency in machine learning libraries (e.g., scikit-learn, TensorFlow, PyTorch) and also experience with
big data platforms (e.g., Spark, Hadoop). 


o Familiarity with cloud platforms (e.g., AWS, GCP, Azure) for data storage and model deployment. 


o Thorough understanding of model risk management and regulatory standards, particularly OCC SR 11-7
guidelines. 


o Expertise in model documentation, including methodologies, data analysis, and performance assessment. 


o Experience in risk analysis and gap-closing initiatives for model validation. 


o Competence in performing model performance testing, including back testing, benchmarking, and
stress/sensitivity testing. 


o Ability to effectively communicate validation results and model performance insights to stakeholders.


Job requirements

  • Experience: 5 to 10 Year.
  • Education : Bachelor of Engineering - Bachelor of Technology (B.E./B.Tech.)
  • Specilization : computer science...
  • Skills :
    1 CreditRiskModelling
  • Industry Type : IT-Software / Software Services
  • Status : Not Disclose.

Company Name : Quinte Financial Technologies Pvt. Ltd.

Website

About Company

Quinte is a global provider of automation solutions and cloud-based technologies, headquartered in New York. Quinte’s solutions help Financial Institutions (FIs) of all asset sizes achieve business transformation through reduced costs Read more