DBS Bank India | Vice President, Specialist, Model Validation, Risk Management Group

Responsibilities

• We are seeking a highly motivated and skilled individual to lead the Model Validation function with Risk Management Group.
• The successful candidate will be responsible for independently validating a diverse range of credit risk models used across both wholesale and retail banking businesses.
• This role involves assessing model design, data quality, implementation, and ongoing performance to ensure models are fit for purpose, compliant with regulatory requirements, and effectively manage financial risk.
• Present findings to model owners, developers, and relevant committees.

Requirements

• O Wholesale Banking Models: PD, LGD, EAD models for corporate, commercial real estate, and other institutional exposures; stress testing models; counterparty credit risk models; credit rating models.
• 10+ years of experience in model validation or model development, specifically with exposure to credit risk models.
• Demonstrable experience with model review and validation pertaining to both wholesale banking and retail banking.
• Understanding of technical modelling requirements throughout model life cycle covering data analytics, coding, development, deployment, monitoring and maintenance for both traditional AI and Gen AI models.
• Understanding of model governance requirements and principles.
• Post -graduate/ Graduate degree in quantitative discipline (such as Statistics, Mathematics, Quantitative Finance, Data Analytics or equivalent) is preferred.
• Deep understanding of credit risk concepts, including PD, LGD, EAD, ECL, credit ratings, credit scores, and stress testing.
• Familiarity with relevant RBI and Basel guidelines.
• Understanding of financial products and business processes in both wholesale and retail banking segments.
• Analytical & Critical Thinking: Exceptional analytical, problem-solving, and critical thinking skills with the ability to identify subtle model weaknesses and propose practical solutions.
• Communication: Excellent written and verbal communication skills, with the ability to articulate complex technical concepts clearly and concisely to both technical and non-technical audiences.
• Attention to Detail: Meticulous attention to detail and a commitment to producing high-quality work.
• Collaboration: Ability to work independently and as part of a team in a fast-paced environment.
• Experience in a regulated financial institution environment.
• Strong proficiency in statistical modeling techniques: regression analysis, econometrics, time series analysis, machine learning algorithms (e.g., logistic regression, decision trees, random forests, gradient boosting).
• Expertise in programming languages for data analysis and statistical modeling: Python, R, SAS.
• Familiarity with database querying tools (SQL) is a plus.
• Experience with large datasets and data manipulation.

DBS Bank India

DBS Bank India Limited is the Indian arm of DBS Group of Singapore, one of Asia's largest banks. DBS opened its first Indian office in Mumbai in 1994 and was among the first large foreign banks to operate in India as a wholly owned, locally incorporated subsidiary. After the amalgamation of Lakshmi Vilas Bank in November 2020, it serves customers through branches in around 19 states.

For finance professionals, DBS hires across consumer banking, institutional banking, treasury and markets, finance and controllership, risk, internal audit and compliance. CA, CFA and MBA (Finance) profiles suit its credit analysis, relationship management, regulatory reporting and audit roles.

• Industry: Banking
• Headquarters: Mumbai, India (parent: DBS Group, Singapore)
• In India: Branches across around 19 states, with large technology and operations hubs in Hyderabad and Chennai