Manager -Risk Model Validation/ Monitoring

Mastermind Network; Chennai District, Mumbai, Gandhinagar; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Mastermind Network is recruiting a Model Validation professional in India with 5–8 years of experience in financial services. The role involves validating fraud risk, credit risk and regulatory models across the lifecycle, delivering compliant, robust models and providing business insights to improve strategies.

Required skills include Python, SAS and SQL, with a strong foundation in financial mathematics and time-series modelling.

Qualifications

• 5-8 years in Model Validation for Financial Services.
• Strong Python, SAS and SQL programming skills.

Responsibilities

• Validate and develop fraud risk, credit risk, regulatory and loan models across portfolios.
• Deliver robust, predictive models compliant with internal and external regulations.
• Provide insights to improve strategy and processes with model outputs.
• Develop SAS/Python code and maintain model documentation.
• Ensure accurate implementation, interpretation and monitoring of models.

Skills

Python

SAS

SQL

Model validation

Education

B.Tech / Masters / MBA in Economics/Math/Statistics/Finance/CS

Job description

We are hiring for a leading Banking/Financial Services based at Mumbai/ Chennai/ Gandhinagar.

Role & Responsibilities

• Validate and develop fraud risk, credit risk, regulatory and loan models across the life cycle of various portfolios (PD, LGD, EAD, Scorecard) etc.
• This includes regulatory models (capital/impairment), credit decisioning and stress testing models.
• Deliver robust, predictive models and tools that are compliant with both internal and external regulations.
• Identify and use cutting‑edge techniques to develop best‑in‑class models.
• Deliver high levels of accuracy and internal consistency/validation within own project.
• Provide business with insights and recommendations in order to improve strategy and process.
• Develop high‑standard SAS/Python code and model documentation.
• Ensure accurate implementation of models and support their use, interpretation and monitoring.

Qualifications

Experience: 5-8 years in Model Validation for Financial Services with strong Python, SAS and SQL programming skills.

• Education: B.Tech / Masters / MBA in Economics, Mathematics, Statistics, Finance or Computer Science with good knowledge of financial mathematics, including stochastic calculus, statistical modelling, non‑linear modelling, regression models, IRBB models, IFRS 9 models and time‑series modelling.