Senior Manager
- Gurgaon, Haryana
- Permanent
- Full-time
As part of a key strategic initiative, the Bank has rolled out its Model Risk Management Framework and is now establishing supporting sub-frameworks. We are looking to onboard experienced professionals to support this effort in the following roles:1. Model Risk Governance Specialists (2 Positions)Focus Areas: Model Development Standards, Model Validation Standards, Model Monitoring Standards
Location: Pan India
Experience: 6–10 yearsKey Responsibilities:
- Develop end-to-end standards for model lifecycle processes: development, validation, deployment, and monitoring.
- Define governance principles, documentation templates, control checklists, and review protocols aligned with regulatory expectations.
- Support stakeholder workshops to gather inputs and iterate framework design.
- Draft performance monitoring frameworks with defined metrics (e.g., stability index, accuracy, overrides, drift).
- Ensure alignment with the Bank’s Model Risk Management (MRM) framework and any applicable regulatory guidance (e.g., Basel, IFRS9, SR 11-7, SS1/23).
- Support handover and operationalization including training, documentation, and stakeholder alignment.
- Strong understanding of model lifecycle governance in a banking or regulatory environment.
- Prior experience in credit risk, market risk, or regulatory modeling (IRB, IFRS9, scorecards, etc.).
- Familiar with industry standards on model validation and monitoring practices.
- Excellent documentation and stakeholder management skills.
- Experience working with Model Risk Governance or Independent Validation Units preferred.