Assistant Manager, Model Risk

Fidelity International View all jobs

Bangalore, Karnataka
Permanent
Full-time

6 hours ago

About the Opportunity Job Type: PermanentApplication Deadline: 25 April 2026Job DescriptionTitle: Assistant Manager - Model RiskDepartment: Model Risk, which is part of larger Enterprise Risk teamType: PermanentLocation: BangaloreReports To: Senior Manager, Model RiskLevel: 4We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our team and feel like you’re part of something bigger.Department DescriptionGlobal Risk:The risk team in Fidelity covers the management oversight of Fidelity’s risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partner with the businesses to ensure Fidelity manages its risk profile within defined risk appetite.The team is circa 120-strong, and growing, covering all facets of risk management including investment, operational, enterprise, AI risk and technology risk.Enterprise Risk Management (ERM) Function:The ERM function is lead from Singapore and the primary purpose of the ERM team is to ensure that the business is managing risk within its agreed risk appetite, and in accordance with ERM Framework in place. The ERM function is also responsible for capital management, key risk regulatory reporting, policy governance and the ERM framework. It also acts as the oversight function for model risk, strategic risk, financial risk, ESG risk and strategic ventures. The ERM team size is currently 35, and the Model Risk team size is 12.Purpose of your roleYour role will lead or support model validations. You'll undertake theoretical analysis and review of material models across asset classes, understanding the mathematical models and AI/ML models used and their implementation methods. You will also help with the continual development and maintenance of the model inventory and a model risk assessment process. Naturally, you'll actively engage and manage relationships with various stakeholders.Key Responsibilities

Perform model validations across AI/ML, investment, risk and capital models and deliver high quality reports

Keep updated on the best practises in the industry and improve the modelling standards across the firm.

Support building a comprehensive model monitoring/observability solution used to monitor models across the firm. Define metrics and thresholds used for different types of models and implement them in the solution. Work with stakeholders to onboard their models on the solution and define the relevant metrics for their individual models.
Contribute to the quality of the inventory data, materiality assessments, and support model governance activities.
To provide SME advisory and assurance that models meet policy and regulatory requirements.
To provide expert support and guidance to all stakeholders on model development and validation activities
Establish and maintain highly effective working relationships with all key internal stakeholders, including senior management and model owners

Experience and Qualifications Required

Experience in Model Development or Model Validation related roles in the financial sector

Strong fundamentals of Statistics
An understanding of various model types (AI/ML, Investment, Risk & Capital)

Choosing appropriate modelling approach for the problem statement and understand the assumptions and limitations of different types of models
Hands-on mentality
Comfortable with programming languages (Python preferred)
Dedicated to maintaining high quality standards and keeping updated on the best practises in the industry
Master’s degree in Quantitative/Finance/Mathematical subject or similar
At least 3 years post-qualification experience.

CFA/FRM/CQF would be advantageous

Feel rewardedFor starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com

Fidelity International

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