Business / Operational Audit Assistant Vice President
New
IndiaFull-TimeManager
Salary not disclosed
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Job Details
- Languages
- English
- Experience
- 5+ years
- Required Skills
- PythonR
Requirements
- Master’s degree in quantitative finance, mathematics, statistics, economics, or a related analytical discipline.
- 5+ years of experience in model validation, model development, quantitative research, auditing, or risk analytics within financial services or consulting.
- Strong understanding of model risk management frameworks, regulatory standards, and financial products (credit, market, liquidity, derivatives, FX, etc.).
- Experience reviewing model code, assumptions, datasets, and performance testing to evaluate model integrity and control effectiveness.
- Proficiency in at least one programming language such as Python or R for quantitative analysis.
- Strong analytical, problem-solving, and critical thinking skills with the ability to synthesize complex technical findings into clear insights.
- Proven leadership experience managing audit engagements or cross-functional projects in a global environment.
- Excellent communication, stakeholder management, and report-writing skills in English.
- Strong organizational and project management abilities in fast-paced, regulated environments.
- CFA and/or FRM certification is considered a strong advantage.
Responsibilities
- Lead and execute model risk audit engagements across financial, operational, treasury, market, liquidity, and financial crime risk domains, including AI and quantitative models.
- Plan and deliver audits aligned with internal risk-based audit methodologies, regulatory frameworks, and industry best practices (e.g., SR 11-7, ECB guidelines).
- Review model documentation, validation results, implementation logic, and ongoing monitoring to assess control effectiveness and model risk exposure.
- Conduct continuous monitoring of model risk trends and audit findings to identify systemic issues and thematic risk patterns.
- Prepare high-quality audit reports summarizing scope, methodology, key findings, root causes, and risk impacts for senior stakeholders.
- Review audit workpapers to ensure compliance with internal audit standards and methodological rigor.
- Communicate audit progress, issues, and remediation recommendations clearly to senior management and key stakeholders.
- Build and maintain strong relationships across the three lines of defense to support effective risk governance and control execution.
- Coordinate global audit activities and contribute to cross-functional alignment within the model risk audit function.
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