Associate – Risk Management – Model Validation – Securitised Products Black Turtle

The Corporate Institute; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a seasoned quantitative professional to join its Global Model Validation Group. The role focuses on validating models used across Agency mortgage and securitized products, assessing conceptual soundness, and monitoring frameworks to ensure proper use.

You will analyze model risk, performance, and outputs, and prepare comprehensive validation documentation for senior management and governance committees. Collaboration with stakeholders is essential.

Qualifications

• Ph.D. in a quantitative discipline strongly preferred. A Grad/Post Grad degree with strong relevant experience will be considered.
• Minimum 3 years of experience in model validation or a front-office quantitative group at a major financial institution.

Responsibilities

• Serve in a Global Model Validation Group role, responsible for validating models used across the Agency mortgage and securitized products businesses.
• Evaluate model conceptual soundness, ongoing monitoring frameworks, and model outcomes to assess appropriateness for intended use.
• Identify, analyze, and quantify potential model risk, including sensitivity to assumptions, calibration accuracy, performance stability, and robustness of model outputs.
• Produce comprehensive model validation documentation, including validation findings and risk-based assessments of model limitations and assumptions.
• Present validation results and risk assessments to senior management, model risk governance committees, and business stakeholders.
• Build collaborative partnerships with stakeholders while maintaining independent and principled challenge.

Skills

Performance data analysis

Prepayment modeling

Mortgage credit modeling

Statistical modeling

Time-series forecasting

Machine learning

Team player

Education

Ph.D. in quantitative discipline

Tools

Python

R

SQL

Job description

Roles and Responsibilities:

• Serve in a Global Model Validation Group role, responsible for validating models used across the Agency mortgage and securitized products businesses.
• Evaluate model conceptual soundness, ongoing monitoring frameworks, and model outcomes to assess appropriateness for intended use.
• Identify, analyze, and quantify potential model risk, including sensitivity to assumptions, calibration accuracy, performance stability, and robustness of model outputs.
• Produce comprehensive model validation documentation, including validation findings and risk-based assessments of model limitations and assumptions.
• Present validation results and risk assessments to senior management, model risk governance committees, and business stakeholders.
• Build collaborative partnerships with stakeholders while maintaining independent and principled challenge.

Mandatory Qualifications & Domain Expertise:

• Education: Ph.D. in a quantitative discipline (Statistics, Mathematics, Economics, or a related field) strongly preferred. A Grad/Post Grad degree with strong relevant experience will be considered.
• Experience: Minimum 3 years of experience in model validation or a front-office quantitative group at a major financial institution.

Technical Skills:

• Hands-on experience working with mortgage pool- and loan-level performance data to identify behavioral drivers of prepayment and default.
• Proven ability to build and/or validate Agency MBS prepayment models and mortgage credit models.
• Strong knowledge of the U.S. mortgage market, statistical modeling, survival analysis, time-series forecasting, and/or machine learning techniques.
• Advanced proficiency in Python, R, and SQL for quantitative modeling and data analysis.

Soft Skills:

• A team player with strong verbal and written communication skills.