Model Risk Management
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 and financial advisory 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 experts.
In today’s financial world, MRM (Model Risk Management) has received heightened importance from the regulators across the globe and as a result of which the financial institutions are required to perform risk assessments periodically. We are looking for professionals with strong statistical / mathematical understanding in addition to a good finance knowledge.
Work you will do
· Develop, or validate financial risk models using statistical software and write associated reports
· Apply conceptual and quantitative depth in modeling methodologies and concepts for risk models for banks as required by regulatory guidance
· Apply strong analytical and computer skills including experience with statistical and quantitative analysis technical tools such as: SAS, STATA, R, SPSS, MatLab, Crystal Ball, @Risk, is a plus.
· Understand credit and market risk management concepts and quantitative modeling methods for calculation of PD, LGD, EAD, VaR etc.
· Explain difficult statistical modeling concepts to diverse, non-quantitative client contacts and to experts at various clients
The team
Deloitte Advisory’s MRM team is comprised of Masters in Statistics, Finance, Financial Engineering and Ph.Ds etc. focused on qualitative assessment and quantitative modeling in the areas of Market Risk, Credit Risk, Operational Risk, Liquidity Risk as per regulatory guidelines like CCAR / Stress Testing, BASEL II.5 / III in US and CRD IV/CRR in EMEA regulations. The team also does valuation of complex financial products such as derivatives and structured products. Our value proposition includes industry, financial accounting and business process knowledge, proven methodologies that include risk and control concepts, deep expertise in advanced quantitative, data extraction, data mining and analytical skills.
Qualifications
Required (any one):
· Masters in Stats / Maths / Economics / Quantitative Finance
· MBA with Finance major
Preferred:
· Certifications: SAS programming / CFA / FRM
How you will 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
Benefits
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
Deloitte’s culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture that is inclusive, invites authenticity, leverages our diversity, and where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte.
Corporate citizenship
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte’s impact on the world.
Qualifications - External
Required (any one):
Masters in Stats / Maths / Economics / Quantitative Finance
MBA with Finance major