Assurance - Risk Modeling Services - Banking - Manager

PwC Acceleration Center India; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

PwC Acceleration Center India seeks an experienced actuarial professional to develop, validate and implement complex risk models for banking clients. You will lead diverse teams, manage client deliverables and ensure high quality outputs across engagements.

You will use SAS, R and Python to analyse data, assess model performance and support regulatory compliance, with opportunities to mentor juniors and drive business development.

Qualifications

• Masters/BA/Honors in Finance, Economics, Mathematics or Statistics with 5+ years’ experience.
• Proven ability to lead and deliver complex actuarial models and risk engagements.
• Strong communication with clients and cross‑functional teams, across jurisdictions.

Responsibilities

• Develop, validate and implement risk models for banking and financial institutions.
• Lead multiple engagements, manage budgets, timelines and resources.
• Mentor teams of actuarial and banking professionals to ensure quality deliverables.
• Engage with clients, present results and contribute to business development.
• Ensure compliance with regulatory guidance and industry best practices.

Skills

Analyse linkages between components

Ownership of projects

Team leadership

Mentoring others

Conflict resolution

Professional standards

Data analysis skills

Education

Masters or Bachelors in Finance / Economics / Mathematics / Statistics

Tools

SAS

R

Python

SQL

Tableau

PowerBI

Qlik

Job description

At PwC, our people in risk and compliance focus on maintaining regulatory compliance and managing risks for clients, providing advice, and solutions. They help organisations navigate complex regulatory landscapes and enhance their internal controls to mitigate risks effectively.

In actuarial services at PwC, you will be responsible for analysing and managing financial risks for clients through statistical modelling and data analysis. Your work will generate valuable insights and recommendations to help businesses make informed decisions and mitigate potential risks.

Enhancing your leadership style, you motivate, develop and inspire others to deliver quality. You are responsible for coaching, leveraging team member’s unique strengths, and managing performance to deliver on client expectations. With your growing knowledge of how business works, you play an important role in identifying opportunities that contribute to the success of our Firm. You are expected to lead with integrity and authenticity, articulating our purpose and values in a meaningful way. You embrace technology and innovation to enhance your delivery and encourage others to do the same.

Skills

Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:

• Analyse and identify the linkages and interactions between the component parts of an entire system.
• Take ownership of projects, ensuring their successful planning, budgeting, execution, and completion.
• Partner with team leadership to ensure collective ownership of quality, timelines, and deliverables.
• Develop skills outside your comfort zone, and encourage others to do the same.
• Effectively mentor others.
• Use the review of work as an opportunity to deepen the expertise of team members.
• Address conflicts or issues, engaging in difficult conversations with clients, team members and other stakeholders, escalating where appropriate.

Uphold and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm's code of conduct, and independence requirements.

Role

You will play an integral role in developing, validating and implementing models that perform a variety of complex calculations for our banking and financial institution clients, in addition to managing various teams to deliver on such engagements. These include the following but are not limited to:

• Supporting the audits of major Australian banks, small to medium banks and other financial institutions, including fintech companies.
• Designing, building, and testing new models for our consulting clients, which are used for financial and capital reporting, as well as for testing clients’ models.
• Providing model validation services, ensuring alignment with industry best practices and regulatory requirements.
• Conducting conceptual reviews of modelling approaches and technical reviews of model performance.
• Assessing the model risk management frameworks and governance of our clients.
• Working with a range of risk models, particularly credit risk models, such as IFRS 9 Expected Credit Loss models and Basel III Internal Ratings-Based models.
• Primarily leveraging statistical analysis software such as SAS, R, and Python, but also using other software as required by our client

Specific Responsibilities Include But Are Not Limited To

Participating in a wide range of projects and collaborating across multiple work streams or teams; consistently demonstrating creative thinking, individual initiative and timely completion of assigned work.

Consistently demonstrating teamwork dynamics by working as a team member:

• understanding personal and team roles; leading junior team members; contributing to a positive working environment by building solid relationships with team members; proactively seeking guidance, clarification, and feedback.
• Preparing deliverables within stringent deadlines, often for audits or regulatory compliance.
• Keeping up to date with local, national, and international banking regulations, industry trends and economic issues.
• Contributing to the development of your own and team’s technical acumen.
• Serving as a participant in communications with various engagement teams and clients.
• Managing and mentoring teams of actuarial and banking professionals, ensuring high quality deliverables and timely completion of projects.
• Overseeing multiple client engagements simultaneously, managing budgets, timeline, and resources effectively.
• Building and maintaining relationships with key client stakeholders and senior internal management.
• Contributing to business development activities, including proposal writing and client presentations .
• A career in this practice will provide you the opportunity to help financial organisations by providing technical actuarial, risk modelling and risk management services. You will have the opportunity to specialise in some of the following:
• Demonstrating thorough knowledge of technical actuarial and risk modelling subject matter specialisation, especially in banking industry and regulatory developments.
• Demonstrating problem-solving and analytical thinking skills
• Developing expertise in various risk models, particularly credit risk models
• Demonstrating knowledge of database structures and data process flows, particularly in handling large datasets common in the banking industry

Demonstrating Some Proven Abilities And/or Success As a Leader

• creating a positive environment, monitoring workloads, meeting client expectations, and providing meaningful feedback.
• Demonstrating skills in writing, communicating, facilitating, and presenting to all levels of industry audiences, clients, and internal staff and management.
• Demonstrating strong people management skills, including talent development, and team building.
• Showcasing business acumen and the ability to translate technical concepts for non-technical audiences.
• Developing a robust professional network within the industry and contributing to the firm’s market presence.
• Masters or Bachelors in Finance / Economics / Mathematics /Statistics (B. Com, B.A (Economics) / B.Sc. with Economics / Mathematics / Statistics Hons) Work experience required – 5 years and above.
• Proven track record of managing complex projects and client relationships
• Advanced knowledge of Microsoft Office, especially Excel.

Proficiency In At Least Some Of The Following

• Data / Statistical Analytics – SAS, R, Python, SQL.
• Visualisation Tools (Tableau, PowerBI, Qlik).
• Excellent written and verbal English communication skills.
• Commitment to continuous training and proactively learning new processes.
• Team player – committed to providing high quality and maintaining timeliness.
• Demonstrate self-motivation and a desire to take responsibility for personal growth and development.