Job Opportunities in India


October 17, 2024

Ameriprise India

FULL TIME


Quant Model Validator

Responsible for executing model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals for Tier 1, 2 or 3 models. May coordinate a team of 1-2 quantitative model validators to test and evaluate the conceptual soundness of models and assess limitations and suitability for use.
Subject matter expert in a key model risk area such as Artificial Intelligence/Machine Learnings, Statistical and Stochastic processes, Finance/Banking/Econometrics, or Insurance
Key Responsibilities:
  • Responsible for managing and executing model validation activities, including validation, annual review, ongoing monitoring, assess model tiering (Tier 1, 2 or 3 models)
  • Assessment of conceptual soundness of the models, including the model limitation, assumption, model performance and suitability of model parameters.
  • End-to-end independently validation of models and finalize validation findings along with remediation plans followed by preparation of model validation report.
  • Facilitate clear and effective communication to the stakeholder and internal teams on model validation results.
  • Assessment of model monitoring and implementation process along with calibration technique.
  • Review internally and externally developed risk models across the model risk management space.
  • Subject matter authority in the key model risk area of Stress testing and Capital Adequacy Analysis, Financial and Investment Risk, and Market Risk.

Required Qualifications:
  • Has a minimum of 7 years of experience in model risk management in banking or insurance.
  • Has a master’s degree in science, math, statistics, or related area.

Preferred Qualifications:
Ph D
Familiar with SR 11-7/OCC 2011-12.



About Our Company

Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years. We are a U.S. based financial planning company headquartered in Minneapolis with a global presence. The firm’s focus areas include Asset Management and Advice, Retirement Planning and Insurance Protection. Be part of an inclusive, collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work. You’ll also have plenty of opportunities to make your mark at the office and a difference in your community. So if you're talented, driven and want to work for a strong ethical company that cares, take the next step and create a career at Ameriprise India LLP.


Ameriprise India LLP is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, genetic information, age, sexual orientation, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time
Full time
Timings

India Business Unit
AWMPO AWMP&S President's Office
Job Family Group
Finance

Latest Job Opportunities


October 19, 2024

Seacom Group
Training and Placement Officer

FULL TIME & OTHER

View Details

October 19, 2024

Hemocean outsourcing
Tele Caller Evecutive

OTHER & FULL TIME

View Details

October 19, 2024

Quincare Pharmaceuticals Private Limited
Medical Representative

Bankura

FULL TIME

View Details

October 19, 2024

DTC Projects (P) Ltd.
Sales Executive

OTHER & FULL TIME

View Details

October 19, 2024

DTC Projects (P) Ltd.
Junior Accounts Executive

OTHER & FULL TIME

View Details

Similar Jobs


August 20, 2024

Mukesh Associates
Quantity Surveyor
View Details

September 20, 2024

Binni Construction Pvt Ltd
Quantity Surveyor

Silchar

FULL TIME

View Details

September 3, 2024

IBT KATHUA
QUANT

Kathua

PART TIME

View Details

September 19, 2024

Kaluwala Construction Pvt Ltd
Assistant Quantity Surveyor

FULL TIME

View Details

June 20, 2024

Perfect Engineers & Consultant
Quantity Surveyor

FULL TIME

View Details

December 28, 2022

Alliance Engineers & Consultants
Quantity Surveyor / Documentation Expert
View Details

New Jobs from This Company


October 16, 2024

Ameriprise India
GL-Investmt Risk-CM IND

FULL TIME

View Details

September 20, 2024

Ameriprise India
Administrative Assistant

FULL TIME

View Details

September 19, 2024

Ameriprise India
Compliance Coordinator Ameriprise Franchise Group

FULL TIME

View Details

September 13, 2024

Ameriprise India
Controllership Associate

FULL TIME

View Details

September 11, 2024

Ameriprise India
Administrative Assistant

FULL TIME

View Details