Senior Auditor - Business Audit (Credit Model Audit)

Societe Generale Global Solution Centre; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

A leading financial services company located in Bangalore is seeking a Senior Auditor to assess risks in credit model audits. The ideal candidate should hold a Master’s or Ph.D. in a quantitative field and have 8+ years of experience in developing and validating credit risk models. Strong teamwork, communication skills, and a rigorous approach to risk management are essential. Join us to contribute to a diverse and equal opportunity workplace.

Qualifications

• Minimum 8 years of experience in development or validation of credit risk models.
• Expertise in PD and LGD models under Basel framework.
• Strong autonomy and teamwork skills.

Responsibilities

• Evaluate risks related to model use and governance.
• Analyze and discuss hypotheses and model parameters.
• Prepare high-quality audit deliverables.

Skills

Development/Validation of regulatory credit risk models

Understanding of risk frameworks

Teamwork and communication

Rigor and reliability

Education

Master's or Ph.D. in a quantitative discipline

Job description

Senior Auditor - Business Audit (Credit Model Audit)

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Responsibilities

• Identifies and evaluates the risks inherent in the use of models both from a methodological and a global governance point of the model (input quality, modeling assumptions, quality and use of model outputs, existence, respect and relevance of the internal procedures relating to the model and its validation)
• analyzes the relevance of the hypotheses used to construct the models, the choices and the methods of estimating the parameters, as well as the adequacy to the current economic and financial context ("back-testing")
• discusses the consistency and effectiveness of the risk management system in which the models are used and the steering decisions based on this use
• defines areas for improvement, formulates recommendations and contributes to the monitoring of their implementation
• Prepare high quality audit deliverables including working papers, finding sheets and audit reports and present the results to various levels of Internal Audit leadership, as well as the business organization.
• Maintain effective working relationship with key stakeholders responsible for modeling processes and model risk management

Required Skills

• Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics.
• Having 8+ years of experience in development/ Validation regulatory (Basel 2) credit risk models
• Expertise in development or Validation of Credit risk models such as PD and LGD in the context of regulatory framework.
• Understanding of risk frameworks like Basel, IFRS9 etc
• Autonomy
• Ability to work in a team: integrate, adapt and share information
• Rigor, reliability and toughness
• Oral and written communication, assertiveness, relational
• Ability to popularize messages
• Ease of writing

Why Join Us

“We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status”.