Model Risk Management (Kharadi)

Job Description Job description Acuity Analytics (the trading name of Acuity Knowledge Partners) is a global, tech-first organisation helping financial institutions and corporates make better decisions through research, data, analytics and AI-enabled solutions. We combine deep financial services expertise with strong engineering, digital and AI capabilities to solve complex, real-world problems. With a team of 7,200+ analysts, data specialists and technologists across 28 locations, we work with more than 800 organisations worldwide to drive efficiency, unlock insight and deliver measurable impact. Our success is built on the strength of our people—by investing in talent, encouraging collaboration and creating room to grow, we enable our teams to do their best work for clients. Acuity became an independent business in 2019 following its acquisition from Moody’s Corporation by Equistone Partners Europe. In 2023, funds advised by global private equity firm Permira acquired a majority stake, with Equistone remaining a minority investor—supporting our continued growth and innovation. For more information, visit Basic information Position Title Analyst/ Associate / Senior Associate Experience Level 3-5 Years Department IORS Location Bengaluru/Gurugram/Pune Organizational relationships Position reports to Director Job purpose
- Provide comprehensive model validation and review processes in accordance with client’s model risk management policy to assess model usage, purpose, conceptual soundness, data integrity, documentation and the control environment.
- Communicate results via formal model validation reports, as well as presentations to model owners and senior management.
- Prepare detailed documentation of all analyses, code developed, and findings from assessments, ensuring reproducibility and transparency.
- Organize and maintain supporting evidence for all remediated issues and edge case testing, facilitating future reviews, audits, and regulatory examinations
- Maintain the model inventory and support the model risk governance process.
- Perform ad hoc (generally statistical) analysis of back-tests or simulated performance information.
- Support Risk committee presentations and reporting exercises.
- Support Model Risk management policy management, review performance monitoring and assess model certifications. Key responsibilities Deep understanding of financial products, risk measurement, and model validation practices, including regulatory expectations for financial institutions.
- Experience with vendor financial data vendors: Bloomberg, Refinitiv, CRSP, MSCI, Markit, S&P; Capital IQ, etc.
- Solid understanding of financial predictive modeling, such as multi-factor risk models, time series forecasting, Value-At-Risk (VaR), optimization theory, and machine learning.
- Attainment or progress toward at least one of the following: Graduate degree in business or quantitative discipline, FRM or PRM risk management certifications, Chartered Financial Analyst (CFA) charter
- Demonstrated history of robust analytical skills and attention to detail. Key competencies
- Master’s degree in mathematics, statistics, data science, finance, Quantitative Finance, or a relevant field.
- Experience in model development, model validation or model governance in the fields of Credit Risk, Market Risk, Operational Risk, Fraud Risk.
- Programming experience with demonstrated exposure to multiple languages such as Python, SAS, R, MATLAB, SQL, VBA, C++ or similar languages. Acuity Analytics has earned several prestigious industry recognitions, including Great Place to Work® certifications in India and Costa Rica, AVTAR Best Companies for Women in India, the AVTAR Most Inclusive Companies Index, and Silver accreditation in the Workplace Equality Index. These accolades reflect our commitment to building an inclusive, supportive and high-performance workplace for our people. Learn more here. Follow us on social media to stay updated with Acuity Analytics news l LinkedIn: l Facebook: l Twitter: l YouTube: Job Snapshot Job ID JOB_7610 Department Investment Operations and Risk Services Location ITPP-Kharadi, Pune, Maharashtra, India Employee Type Permanent Apply on Kit Job: kitjob.in/job/4mr2au