OVERVIEW

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 156 countries and have 152,000 people working in member firms around the world.

KPMG in India, a professional services firm, is the India member firm of KPMG International and was established in September 1993. Our professionals leverage the global network of firms, providing detailed knowledge of local laws, regulations, markets and competition. KPMG in India provide services to over 4,500 clients, in India. KPMG has offices across India in Delhi, Chandigarh, Ahmedabad, Mumbai, Pune, Chennai, Bangalore, Kochi, Hyderabad and Kolkata. The India firm has access to more than 7,000 India and expatriate professionals, many of whom are internationally trained. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the India business environment.

KPMG Advisory professionals provide advice and assistance to enable companies, intermediaries and public sector bodies to mitigate risk, improve performance, and create value. KPMG firms provide a wide range of Risk Consulting, Management Consulting and Transactions & Restructuring services that can help clients respond to immediate needs as well as put in place the strategies for the longer term.

With increasing regulatory requirements, the need for greater transparency in operations, and disclosure norms, stakeholders require assurance beyond the traditional critique of numbers. Hence assurance is being increasingly required on industry issues, business risks and key business processes. The Governance, Risk & Compliance Services practice assists companies and public sector bodies to mitigate risk, improve performance and create value.

We assist our clients to effectively manage business and process risks by providing a full spectrum of corporate governance, risk management, and Compliance Services. These services are tailored to meet client’s individual needs, and provide effective support to management in meeting the challenges and opportunities presented by today's complex business environment.

Our professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival. Our services enable clients to effectively co-ordinate their key growth, quality and operational challenges and working in partnership with us, clients have the benefits of KPMG's experienced, objective, and industry-grounded viewpoints.

Retail Credit Risk Model development/Validation

Location: Bangalore

Employment Type: Full-time

Role :

Experience on Retail Credit Risk model development/validation specifically comprising stress testing models (example: CCAR, PRA etc.) and reserving models such as CECL and IFRS9.
Experience on Retail PD/LGD/EAD model development methodology and its validation for different retail portfolios such as Credit Cards, Mortgage, PIL, etc.
Strong statistical knowledge with hands on working experience in various modelling techniques such as linear regression, logistic regression, time series modelling, survival models etc.
Sound understanding of different Retail portfolios such as Credit Cards, Mortgage, PIL, etc.
Knowledge on OCC/FRB, EBA, ECB, UAE Guidelines and PRA regulations.
Knowledge of internal procedures and local regulations and those of other country regulators would be an advantage.

Experience:

Minimum 5-10 years of experience of model validation/development experience in Risk Management in Retail domain
Experience with some statistical modelling software / programming language e.g. SAS, Python, R, Matlab, C++, VBA.
Experience with some statistical modelling software / programming language e.g. Python, R, Matlab, C++, VBA.
Experience of presenting recommendations to Senior Management.
Experience of conducting independent model reviews.

Skills:

Ability to present complex statistical concepts and results to non-technical audiences in a persuasive and compelling manner.
Team-oriented mentality combined with ability to complete tasks independently to a high-quality standard.

Qualifications:

Master’s or PhD degree in a quantitative discipline like Financial Mathematics, Statistics, Econometrics, Quantitative Finance, Economics or Engineering.

Others

The job holder will be required to:

Support the management of model risk across a large complex banking group.
Support multiple senior stakeholder relationships across the HSBC matrix.
Manage model risk whilst significant transformational activity is being implemented, both regionally and globally.
Operate within a changing and rapidly developing regulatory environment.
Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarise themselves and adhere at all times with the role and supporting responsibilities they play in the Three Lines of Defence.

Equal Opportunity

We are an equal opportunity employer and value diversity. All employment decisions are based on business needs, merit, and qualifications.

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