Job Opening -Model Audit

The role involves:

• Review and assess the model governance, development, validation, documentation, and implementation to

evaluate the effectiveness of the models.

• Opportunity to contribute to one or more areas of audit covering Risk/BIU models like audit of Credit Risk models,

Market Risk, Operational Risk, Fraud Risk as per RBI guidelines.

• Experienced in record-keeping, collaborating with diverse stakeholders. Good communication (both verbal &

written) and inter-personal skills.

• Good to have knowledge of or hands on experience in programming language(s).

Key Responsibilities

• Review and assess the model governance, development, validation, documentation, and implementation to

evaluate the effectiveness of the scoring, economic capital, and rating models using statistical, machine learning

techniques.

• Drafting of detailed audit reports with assessment details, preparation of supporting workpapers, clearly

documenting the observations noted with implications and recommending corrective actions to auditee units.

• Create or review of Risk Control Matrix (RCMs), publishing the audit reports in Pentana and AWMS systems.
• Engage with stakeholders and manage audit discussions to ensure effective communication and resolution of

issues.

• Act as a central point of contact between internal or external auditors and auditee units.