MRM - Intern
At Deloitte, we do not offer you just a job but a career in the highly sought after Risk Management field.
We are the business leader in the risk market. We work to make the world more prosperous, trustworthy, and safe. Our clients are large, complex organizations that constantly evolve and innovate to build better products and services. In the process, they encounter various risks and the work we do to help them address it is increasingly important to their success-and to the strength of the economy and public security.
By joining us, you will get to work with diverse teams of professionals who design, manage, and implement mission critical solutions across a variety of risk domains mostly for clients based outside of
India. In the process, you will gain exposure to the challenges of a range of industry sectors and become subject matter specialists.
Financial institutions use a wide variety of quantitative financial models for everything from operations such as banking and trading to risk management and regulatory adherence. The increasing use of predictive modeling techniques such as AI/ML in today's financial world has meant a heightened focus
from regulators across the globe on MRM {Model Risk Management). To remain profitable and compliant, they not only need to develop robust models but also perform related activities such as validation and monitoring. Our team assists these clients in navigating these challenges. For example, we assist banks build or validate models that decide if an applicant should be given a credit card, models that estimate how much capital should be held in reserve to maintain capital ratios, or models that predict what the banks revenues and losses will look like a stress scenario. We are the global leader in providing modeling services to the financial clients and are looking for professionals with strong statistical / mathematical understanding in addition to a good finance knowledge.
Work you will do
- Deliver high quality and timely financial risk analytics services to clients
- Develop or Validate financial risk models across risk types - market risk, credit risk, operational risk etc. and modeling techniques
- Employ data science and financial engineering techniques e.g. Linear Regression, Logistic Regression, Time Series Forecasting, Decision Tree, Monte Carlo Simulation, Random Forest, Gradient Boosting, Value at Risk (VaR), Derivative Pricing Models {Options,Forwards, Interest Rate Swaps etc.)
- Perform quantitative and qualitative assessment of model design, data, performance and model risk in line with industry standards and regulatory expectations
- Learn about and work in areas such as fraud modeling, customer behavior modeling, and cuttingedge techniques in Machine Learning and Artificial Intelligence
- Apply strong programming skills including experience with statistical and quantitative tools: Python, R, SAS, VBA, c+ +
- Draft succinct written reports to explain model methodologies, key risk areas and recommendations for enhancement
- Interact with clients and communicate effectively with senior stakeholders, explain complex topics to a diverse range of audiences, including non-technical clients
- Apply analytical skills, isolate and solve issues using large amounts of data The team
Deloitte Advisory's MRM team is comprised of Masters in statistics, Masters in financial engineering,Data Scientists, MBA and Ph.Ds etc. focused on quantitative modeling in the areas of Market Risk, Credit Risk, Operational Risk, Liquidity Risk as per regulatory guidelines like CCAR / Stress Testing, BASEL , CECL/IFRS9, FRTB in us and CRD IV/CRR in EMEA regulations. It also involves assistance in development and validation of non-regulatory models including machine learning models. Our team also assist clients with derivative pricing models and valuation of complex financial products such as - structured products, derivatives etc.
Qualifications Required (anyone):
- Pursuing Masters in Statistics/ Economics/Mathematics/advanced degree in Quantitative Finance
- Pursuing MBA with Finance major Preferred
Preferred:
Certifications: CFA / FRM / CQF / SAS Programming
How you'll grow
At Deloitte, we've invested a great deal to create a rich environment in which our professionals can grow. We want all our people to develop in their own way, playing to their own strengths as they hone their leadership skills. And, as a part of our efforts, we provide our professionals with a variety of learning and networking opportunities-including exposure to leaders, sponsors, coaches, and challenging assignments-to help accelerate their careers along the way. No two people learn in exactly the same way. So, we provide a range of resources including live classrooms, team-based learning, and eLearning.
DU: The Leadership Center in India, our state-of-the-art, world-class learning Center in the Hyderabad
offices is an extension of the Deloitte University (DU) in Westlake, Texas, and represents a tangible
symbol of our commitment to our people's growth and development. Explore DU: The Leadership Center
in India.
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