Risk Hub India: Risk Analytics & Models-Quant Senior Analyst

Job description

The Business

We have been in India since 1921. With our in-depth local market knowledge coupled with our global network, we meet our clients‘ needs by bringing together capabilities including debt capital markets, international transaction services, FX and rates as well as providing balance sheet advisory and structuring. Our clients comprise blue-chip Indian corporations, leading multinational corporations, large financial institutions, the Indian Government and high net-worth Individuals. Using our global reach and drawing on the expertise of our local teams of professionals, we have led many of the biggest and most innovative landmark transactions in India for our corporate and institutional clients.

Risk Hub India (RHI) provides second line risk management support to Corporate & Institutional Banking (C&I) functional areas including Credit Risk, Market Risk, COO, Operational Risk and Regulatory Risk. It performs a key role in the C&I Risk's global operating model and has extensive interaction with other front to back teams in C&I trading hubs, processing centers and branches. The division provides services to C&I risk functions in EMEA, APAC and North America. There are close interactions with C&I teams with an aim to expand this division to provide support for C&I risk activities

Risk Analytics and Models, as part of a team extension model, supports the global teams and is responsible for annual reviews and redevelopment of the credit models and operational scorecards, support for data aligned to risk analytics activities including loss data reconciliation and model performance assessment using statistical techniques.

Role Name: Quant Sr. Analyst, BAnd 3

Business Division

Risk Hub India

Functional Area

Credit Risk – Retail and Commercial Models

Role Family

Analytics and Modelling

Reports To

Team Lead / AVP – Retail and Commercial Models & Analytics

Purpose of the Role

This role is responsible to ensure timely & accurate delivery of allocated Model development related tasks in IFRS 9 or in Basel Capital Modelling in Retail and Commercial Models team. This includes delivery of BAU tasks and review of tasks done by Analysts as per the planner as well as any ad-hoc analysis requested by the on-shore team and allocated by the team lead.

Responsibilities

1

Customer/ Stakeholders

· Establish and manage relationship with the On-shore team and other stakeholders.
· Respond to client queries effectively
· Guide the Analysts in the team in responding to queries

2

Process Delivery

· Developing and maintaining models / methodologies for use in IFRS 9 provisioning and/or Basel capital frameworks.
· Sourcing, analysing and preparing data in support of modelling projects.
· Well documented models that meet RBS standards and requirements.
· Delivery of all milestones to agreed dates, budget and quality standards.
· Clear and well-presented analysis.
· Effective engagement with relevant stakeholders, including Model Risk in the context of independent validation.
· Review tasks done by Analysts and guide them on their tasks.
· Should be able to do problem solving independently for issues faced in tasks allocated.

3

Process Improvement/re-engineering

· Track all Process Improvement initiatives carried out by the team and keep the Manager and On-shore informed on a periodic basis.
· Identify areas of process improvement, assign and actively participate in department-wide process improvement initiatives.
· Ensure all process improvements are tested and signed off by On-shore.

4

Risk and control

· Ensure 100 % compliance with RHI risk & control criteria related to information security, data privacy, access control etc.
· Adhere to the BCM to mitigate business risks

5

People Management

· Monitor individual utilization and report work-load issues
· Identify one's training needs and discuss with line manager for building a training plan
· Cross training associates on respective processes

Deliverables

Submission to stakeholders – As a doer or checker of the task, the analyst needs to decide whether the report is error free and ready to be submitted to the stakeholders

Checking – For reports that he / she has been designated as a Checker in the Monthly Planner, the Analyst needs to check the tasks for accuracy in terms of data quality, methodology and format. It is the responsibility of the checker to notify the doer on any errors or modifications in the task.

Dimensions: Scope of the Role

Financial:

· >80 % utilisation
· Timeliness >= 98 % and Accuracy >= 98 % for all reports including Ad-hoc

Line Management Responsibility:

· NA

Knowledge, Skills and Qualifications

1

· Educated to Post Graduate degree level in a numeric discipline (e.g. MSc Statistics / Mathematics / MBA in Finance / Masters in Economics / Econometrics) with around 3 to 5 years of experience in Credit Risk Modelling / Analytics domain
· Certification in SAS – Base SAS / Advanced SAS Certification and working knowledge in SAS Enterprise Guide is an added advantage

2

· Good Knowledge of Financial products, Credit Risk and Regulatory Guidelines including CRR, Basel II & III.
· Understanding and experience in data driven analysis and statistical/mathematical modelling.
· Experience of risk systems, methodologies and processes, ideally in a retail and commercial bank environment.
· Extensive SAS Skills
· Strong PC skills, ability to create databases and spread sheets using standard PC packages.
· Good verbal communication skills; strong written communication skills to enable production of high quality documentation at conclusion of modelling projects.
· Proven ability to plan and organise own workload to deliver in a challenging environment.

The Specialist Area

The Responsibilities

The Requirements

The Competencies

The Rewards

Contact Details

Job ref: 40943