Assistant Manager

Assistant Manager-BFS041911

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.
 
Inviting applications for the role of Assistant Manager, Model Validation
In this role, you will be responsible for model development, implementation & documentation - for a BFS client in North America.
Responsibilities
You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models as necessary. Your activities will include, but will not be limited to the following:
•    Independent model validation, especially comprehensive model validation within 2nd line of defense, using SR 11-7 or similar guidelines
•    Exhaustive model validation will include conceptual assessment of model’s use, methodology, assumptions, limitations and on-going monitoring and control, model’s outcome analysis 
•    Development of benchmark models may be required.
•    Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques
•    Prepare model validation report summarizing findings and provide recommendations
Qualifications we seek in you!
Minimum Qualifications / Skills
•    Educational qualification: Master’s degrees in quantitative disciplines, like, mathematics, statistics, economics, computer science and engineering, etc.; MBAs must have bachelor’s degree in above-mentioned disciplines.
•    Relevant experience: 
•    1-4 years’ experience in Banking and Financial services, focusing on Credit Risk model validation of CCAR/PPNR models.
•    Effective challenge to model development (1st line), design and interpretation of model effectiveness tests, model validation report writing, etc.
•    Awareness of mortgage (RMBS/CMBS/TBAs) prepayment models, cashflow projection models, deposit runoff models, new origination volume models and other ALM behavioural models.
•    Understanding of and experience in regulatory risk modeling/validation – SR 11-7, liquidity guidelines, IRRBB guidelines, CCAR guidelines, etc. 
•    Understanding of banking products, balance sheet structure, financial data, liquidity metrics and fundamentals of Interest Rate Risk management
•    Excellent knowledge of various statistical techniques
•    Experience with statistical tools like SAS, Python, SQL, etc.
•    Strong client management and communication/presentation skills – written & verbal; self-driven, proactive, “can-do” attitude; ability to work under ambiguity and with minimal supervision

Preferred Qualifications/ Skills
•    Exposure to Balance Sheet Management platforms like QRM, Moody’s Analytics, etc. would be a plus
•    FRM or CQF certification is a plus
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.  

 

Job

 Assistant Manager

Primary Location

 India-Gurugram

Schedule

 Full-time

Education Level

 Master's / Equivalent

Job Posting

 Jan 27, 2025, 7:57:42 AM

Unposting Date

 OngoingMaster Skills List OperationsJob Category Full Time