Dear Candidate,

We have a Job Opening for Senior Business Auditor at Banking Based Company in Bangalore

About Convate Consultancy:

Estd in 2004, Convate (team of 60 recruiters) is a leading International Recruitment Company having operations in Bangalore and Dubai. We specialize in the recruitment of IT/Healthcare/Engineering in India and the Middle East. Convate provides learning-based work culture with a strong opportunity to grow in the years to come.

Requirement Details:

•

Location:
Bangalore
• Designation: Senior Business Auditor
• Experience: 6.5 to 10 years
• Mandatory Key Skills: Model validation, OTC Derivatives, Pricing and Regulatory, very strong in mathematics
• Good to have CQF certification
• Education - post graduates, phd, CA Only can apply



Responsibilities:

• Identifies and evaluates the risks inherent in the use of models both from a methodological and a global governance point of the model (input quality, modeling assumptions, quality and use of model outputs, existence, respect and relevance of the internal procedures relating to the model and its validation)
• Analyzes the relevance of the hypotheses used to construct the models, the choices and the methods of estimating the parameters, as well as the adequacy to the current economic and financial context ('back-testing'),
• Discusses the consistency and effectiveness of the risk management system in which the models are used and the steering decisions based on this use,
• Defines areas for improvement, formulates recommendations and contributes to the monitoring of their implementation
• Assess the remediation of regulator and audit identified issues
• Responsible for working independently on complex pricing model audit
• Prepare high quality audit deliverables including planning memoranda, audit programs, working papers, drafts of audit issues, audit reports and present the results to various levels of internal audit leadership, as well as the business organization.
• Ensure effective and efficient execution of audits in conformance with professional and departmental standards, budgets, and timelines.
• Maintain effective working relationship with key stakeholders responsible for modeling processes and model risk management
Required Skills:
• Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics.
• Having 6+ years of experience in Pricing and Regulatory market model development or Validation
• Having excellent mathematical skills including stochastic calculus, numerical methods and Montecarlo simulations
• Knowledge of OTC derivative products(including exotics and Hybrids) across multiple asset classes (Equity ,IR and FX)
• Having CQF certification is an added advantage
• Knowledge specific to Market regulations like FRTB, ECB and CFTC is an added advantage

If interested and relevant please share your updated CV on cg21(at)convate(dot)com with Below Details

Current CTC:
Expected CTC:
Notice period :( if serving/ immediate joiner please mention Last working Day)

Request you to kindly refer any of your friends or colleagues relevant and interested to the opportunity shared.

Thanks and Regards,
Manisha
Convate Consultancy Services Pvt Ltd

Job Opening for Senior Business Auditor at Banking Based Company in Bangalore

Skills: model validation, Otc Derivatives

Experience: 6.00-10.00 Years

Education: Chartered Accountancy (C.A), Masters in Technology (M.Tech/M.E), Master of Commerce (M.Com)