Associate/Sr Analyst_Central Challenger (CCB/CB/AWM Pillar) - Model Risk Governance and Review
Job Category: Accounting/Finance/Audit/Risk
Job Summary:
- The primary role is to review implementation accuracy and conceptual soundness of financial calculations implemented in User tool (UT) (i.e. MS Excel, MS Access, VBA, R, Python, Eview, etc.).
- Ability to think critically, take ownership of the review process and communicate effectively (both spoken and written) are critical to this role.
- Specialized roles may require fluency in statistics and research skills.
- The reviews will be performed across all lines of businesses and corporate functions, covering high priority areas such as
- CCAR/DFAST (FR Y14A/Q/M) and internal stress testing
- Resolution& Recovery
- Budget Forecasting Processes
- Regulatory Capital/RWA reporting for Basel (FFIEC 101/102)
- External financial reporting (e.g. 10K/10Q, Footnote disclosures, Call Report and FR Y-9C)
Core Responsibilities:
- Review and challenge financial calculations in various UTs /applications in high priority areas
- Understand methodology used in the financial calculations and its broader impact / contribution to the firm’s overall finance / risk framework
- Evaluate appropriateness of the assumptions and methodology utilized in the UTs/ applications and identify the errors and potential improvements in the calculation processes
- Document the findings and socialize the findings with relevant stakeholders
- Perform peer-reviews for quality assurance purposes
- Assist in review planning, scheduling, tracking and reporting as needed
- Partner with other review functions on high priority reviews and ad hoc requests
- Stay abreast of regulatory and industry developments pertaining to finance / risk / accounting
Qualifications and Skills
- Graduate degree in finance, accounting, economics or MBA (undergraduate in a quantitative discipline such as Mathematics, Statistics, Engineering, or related quantitative field highly desired)
- 3-6 years of experience in banking / financial services industry preferably in risk reporting domain
- Experience and strong knowledge in regulatory capital rules (Basel, CCAR, FR Y-9C)
- The candidate must be a self-starter who is able to work in a fast paced, results driven environment
- Strong quantitative, analytical, and problem solving skills
- Strong Excel skills required (VBA / SQL is a plus),proficient in MS Office
- Outstanding presentation, reporting and communication skills
- Strong organizational, communication (verbal and written) and negotiation skills
- Risk Management and Control mind-set (ability to identify control gaps and/or issues)
- Inquisitive and intellectually curious, has extreme attention to detail
Qualifications considered an additional plus:
- Certifications such as FRM, CFA, etc.
- Experience with various models, including pricing, capital, and/or financial forecasting models
Location: Bangalore East, KA, IN