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Assistant Manager job in Gurgaon

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Gurgaon Genpact

Job Ref:	BFS032893
Employer:	Genpact
Sector:	Actuarial Consultancy Banking & Finance Professional/Financial Services
Qualifications:	Part Qualified Actuary
Software:	Excel SQL VBA
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	India
City:	Gurgaon
Post Code:	Not specified
Map:	(Show on map)
Description
With a startup spirit and 115,000 + curious and courageous minds, we have the expertise to go deep with the world's biggest brands-and we have fun doing it! We dream in digital, dare in reality, and reinvent the ways companies work to make an impact far bigger than just our bottom line. We're harnessing the power of technology and humanity to create meaningful transformation that moves us forward in our pursuit of a world that works better for people. Now, we're calling upon the thinkers and doers, those with a natural curiosity and a hunger to keep learning, keep growing. People who thrive on fearlessly experimenting, seizing opportunities, and pushing boundaries to turn our vision into reality. And as you help us create a better world, we will help you build your own intellectual firepower. Welcome to the relentless pursuit of better. Inviting applications for the role of Assistant Manager, Model Validation In this role, you will be responsible for model development, implementation & documentation - for a BFS client in the US Responsibilities You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models, as necessary. It will also involve interaction with various stakeholder groups including model development, model owners/lines of business, auditors, and client model validators. You will be expected to work hands-on to validate models, build and lead validation teams, and bring in thought leadership and domain/quantitative best practices to present effective challenge to the models. Your activities will include, but will not be limited to the following: • End-to-end independent validation of actuarial and regulatory models • Assess the models conceptually and quantitatively to ensure the model is suitable for the stated use • Conduct necessary assessments to challenge the model effectively. Assess adequacy of model documentation in line with regulatory guidelines • Development of benchmark models for derivatives valuation and sensitivity analysis. • Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques • Prepare model validation report summarizing findings and provide recommendations • Assessment of model risk current state and gaps for clients, along with recommendations to address the gaps Qualifications we seek in you! Minimum Qualifications • Post-graduation in Actuarial Sciences, Mathematics, Statistics, or related major. • Relevant years' experience in Banking and Financial services, with US ASA or Canada CCIR equivalent relevant years' experience in independent validation of either Life or Non-Life insurance models • Understanding of and experience in regulatory risk modeling/validation - SR 11-7, Basel III regulations or Canada/US regulations - IFRS 17 concepts. • Specific knowledge of tools - Any actuarial modeling tool (such as Poly Systems, AXIS or MGAlfa), Excel, VBA, SQL, Word, PowerPoint • Strong client management and communication/presentation skills - written & verbal • Self-driven, proactive, "can-do" attitude. Ability to work under ambiguity and with minimal supervision Preferred Qualifications/ Skills • Strong networking, negotiation and influencing skills • Knowledge of Actuarial Modelling in US/Canada, Risk and Regulatory guidelines and MRM practices Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. For more information, visit www.genpact.com . Follow us on Twitter, Facebook, LinkedIn, and YouTube. Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.

ref: (BFS032893) 12 days ago

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