About the company
INFOMERICS Valuation and Rating Private Limited is a SEBI registered and RBI accredited Credit Rating Agency. Infomerics employs credit rating models which have been developed in-house with the aid of inter-alia, ML based frameworks to estimate probability of default. Infomerics has its Registered Office and Head Office at New Delhi, Corporate office in Mumbai and Branches pan India. Infomerics has a JV for credit Rating at Nepal and has ambitious plan to expand overseas.
Job Description
Position- Manager
Role- Creative Member of the Risk Modelling Team in a Leadership role
Location- Mumbai
Qualifications
- Relevant Masters Degree
- Any progress towards CFA/FRM will be preferred.
Skill-sets Requirement
- Thorough understanding of credit risk assessment and rating process for corporates.
- Knowledge of Advanced Excel
- Good Knowledge of Statistical techniques.
- Preferrable to have knowledge of AI/ML techniques
Experience- Experience of 4 to 5 years in the relevant field
Compensation- Upto 20 LPA
Responsibilities
Model Development
Development of various general and sector specific risk assessment models
- Conceptualization and development of excel based sector specific risk assessment models using expert judgment and statistical techniques.
- Testing, finetuning and finalization of models.
Model Validation
- Out of Sample / Out of Time Validation of Rating Models using quantitative tests like Gini Coefficient, Confusion Matrix etc.
Model Recalibration/Review
- Recalibration/Review of existing models on the basis of Model Validation results, statistical and AI/ML based analysis and expert judgment.
Computation of Cumulative Default Rates (CDRs), Average Rating Transition Rates and Gini Coefficient.
Mentoring and Team Management
- Effective Communication and motivation to the team.
- Providing guidance to the team.
- Delegation and Performance evaluation.
General
- Benchmarking exercise using internal and external data from sources like Capitlaline and Prowess (CMIE).
- Presentation to the Model Development and Review Committee (and to the Rating Sub Committee of the Board, if necessary).
- Preparation of related documentation like User manuals with the help of the team.
- During the regulatory inspections, handling issues related to rating models and other statistical computations like CDRs, rating transition rates, Gini Coefficient etc.
- Preparation of related responses to regulatory queries.
- Co-ordination with vendor teams for configuration of new and revised models in the software application.
- User Acceptance Testing (UAT) of models and various functionalities in the software system.
- Conducting regular training programmes related to rating models for the rating team.
