Director – Credit Risk Model Development (Mumbai)
Our client is a global leader in financial services, specializing in investment banking, investment management, wealth management, and hedge funds. They are seeking a Director to lead their Credit Risk Model Development team based in Mumbai.
Key Responsibilities:
- Leadership & Oversight: Lead and mentor a team of quantitative professionals, driving high-quality delivery across all credit risk model development activities.
- Oversee and contribute hands-on to the development of Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models aligned with Basel regulatory frameworks.
- Develop and enhance models for Potential Future Exposure (PFE) and Credit Valuation Adjustment to assess and mitigate counterparty risks in derivatives and financing transactions.
- Credit Stress Testing & Provisioning: Build forward-looking credit loss models to support CCAR, CECL, and IFRS 9 requirements—enabling robust stress testing, capital planning, and provisioning.
- Stakeholder Management: Collaborate closely with global risk, finance, and regulatory teams to ensure model alignment with business goals and regulatory expectations.
Required Experience & Skills:
- 15+ years of experience in credit risk management, risk analytics, or quantitative finance, with progressive leadership responsibilities and hands on with credit risk model development.
- Master’s or Ph.D. in a quantitative discipline such as Finance, Economics, Statistics, Mathematics, Engineering, or a related field.
- Proven people management experience, leading large and diverse modeling teams.
- Experience within a global financial institution in roles involving credit risk modeling or analytics.
- Deep understanding of PD/LGD/EAD modeling, credit scoring, and portfolio risk management concepts.
- Strong hands-on skills in Python for model development and analytics.
Please note that due to the high number of applications only shortlisted candidates will be contacted. If you do not hear from us in the next 5 business days, we regret to inform you that your application for this position was unsuccessful.