Job Description
Responsible for executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for low-, moderate- or high-risk models. May coordinate a team of 1-2 quantitative model validators to test and evaluate the conceptual soundness of models and assess limitations and suitability for use. Subject matter expertise in a key model area such as Artificial Intelligence/Machine Learnings, Statistical and Stochastic processes, or Insurance and Actuarial Modeling.
Key Responsibilities
Conducts annual reviews of low-, moderate-, or high-risk models.
Responsible for validation scripts, validation report and report reviews of low-, moderate- or high-risk model validations.
Consults with model owners and model developers to promote best practices and resolve questions or deficiencies.
Establishes the scope and testing of low-, moderate- or high-risk model validations, providing guidance as necessary on complex issues
Supports model governance policies and procedures, templates, and risk reporting and provides level 2 technical support to business.
Required Qualifications
Has a minimum of 10 years of experience in model risk management in banking or insurance.
Has a masters degree in science, math, statistics, or related area.
Preferred Qualifications
PhD
Familiar with SR 11-7/OCC 2011-12.
About Our Company
Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years. We are a U.S. based financial planning company headquartered in Minneapolis with a global presence. The firm's focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work. You'll also have plenty of opportunities to make your mark at the office and a difference in your community. So if you're talented, driven and want to work for a strong ethical company that cares, take the next step and create a career at Ameriprise India LLP.
Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Timings
(2:00p-10:30p)
India Business Unit
AWMPO AWMP&S President's Office
Job Family Group
Finance
