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/Manager Model Validation

You will be working with the independent model validation function of a client and will involve end-to-end validation of risk and regulatory models across business functions, and the development of challenger models as necessary. It will also involve interaction with various stakeholders including model development, model owners/lines of business, auditors, and client model validators. You will be expected to work hands-on to validate models, build and lead validation teams, and bring in thought leadership and domain/quantitative best practices to present an effective challenge to the models.

Responsibilities

End-to-end independent validation of credit risk and regulatory models – PD, LGD, EAD, Stress Testing – Loss and PPNR, IFRS 9/CECL. Scorecards, Expert Judgement Models, AML and Fraud Detection Models, etc.

Assess the models conceptually and quantitatively to ensure the model is suitable for the stated use.

Conduct necessary assessments to challenge the model effectively. Assess the adequacy of model documentation

Development of benchmark models (ML/other techniques)

Assessment of the model monitoring and implementation process

Prepare model validation report summarizing findings and provide recommendations

Handle projects and teams in model validation - provide thought leadership, technical guidance, and oversight for a team of risk modelers

Assessment of model risk current state and gaps for clients, along with recommendations to address the gaps

Participate in solution development, proposal build, and RFI/RFP responses for new deals

Qualifications we seek in you

Minimum qualifications

Master’s in Finance, Mathematics, Economics, Statistics, or equivalent experience

Experience in BFS analytics, with experience in retail or wholesale credit risk modeling/independent validation of models (Regression, Time Series, Competing Risk, Survival Models, Markov TPM, scorecards, etc.)

Experience in retail and wholesale credit risk modeling

Understanding of and experience in regulatory risk modeling/validation – SR 11-7, CECL, IFRS 9, CCAR, Basel IRB.

Strong client management and communication/presentation skills – written verbal

Self-driven, proactive, “can-do” attitude. Ability to work under ambiguity and with minimal supervision.

Project management experience and demonstrated expertise in communicating and coordinating across multiple business units

Expertise in SAS is a must along with exposure to Python/R is preferrable

Experience in managing projects and teams in risk modeling

Preferred qualifications

Excellent networking, negotiation and influencing skills

Knowledge of cloud implementation of ML/legacy models using Model DevOps principles

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.