Job opening at Chennai
Chennai
Chennai
Full Time
Bachelor Of Engineering - Bachelor Of Technology (B.E./B.Tech.)
3000000 to 3500000
2024 Nov,29
Mili Chavhan
mili@white-force.com
6264800152
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.
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