Overview
Credit Rating Model Development – Manager/Senior Manager – HDFC Bank
Job Title: Manager/Senior Manager, Credit Risk Model Development (Wholesale)
Job Description:
– We are seeking a dynamic and detail-oriented professional to join our team as a Credit Risk Model Developer for our wholesale portfolio.
– The ideal candidate will play a pivotal role in developing, monitoring, and enhancing credit risk rating models while ensuring compliance with internal and regulatory guidelines.
– This position offers an excellent opportunity to leverage analytical expertise and collaborate across key teams in a fast-paced environment.
Key Responsibilities:
Model Development & Monitoring:
– Develop, monitor, and track the performance of credit risk rating models for wholesale low-default corporate portfolios.
– Propose enhancements or refinements to existing models and methodologies to ensure robust performance.
Innovation in Statistical Techniques:
– Explore alternative statistical methods to support credit risk modeling initiatives and advance internal knowledge development projects.
Stakeholder Collaboration:
– Work closely with ratings, policy, and underwriting teams to align models with changing underwriting standards and the operating environment.
Documentation & Compliance:
– Prepare comprehensive model documentation and monitoring reports as per internal and regulatory requirements.
Performance Improvement:
– Regularly track model performance, suggest improvements, and implement approved changes to optimize efficiency and accuracy.
Implementation & Deployment:
– Assist in the implementation and deployment of models. Collaborate with the Business Solutions Group and other stakeholders to improve processes and systems.
Qualifications & Requirements:
Experience:
– 1 to 3 years of experience in model development for wholesale low-default portfolios.
– Exposure to criteria research, methodology development with rating agencies, or validation of rating models is highly desirable.
– Candidates from a credit rating background looking to transition into model development are encouraged to apply.
Education:
– MBA in Finance or Chartered Accountant (CA) qualification is required.
– Additional certifications such as CFA or FRM will be considered an asset.
What We Offer
– An opportunity to work on cutting-edge credit risk modeling techniques.
– Collaboration with a highly skilled and diverse team across business functions.
– Career development opportunities in a growing, innovative environment.
– If you are passionate about credit risk modeling and eager to contribute to a dynamic team, we encourage you to apply!