Job Description

: ob Brief - Model Risk Governance SpecialistsProject Context:As part of a key strategic initiative, the Bank has rolled out its Model Risk Management Framework and is now establishing supporting sub-frameworks. We are looking to onboard experienced professionals to support this effort in the following roles:1. Model Risk Governance Specialists (2 Positions)Focus Areas: Model Development Standards, Model Validation Standards, Model Monitoring StandardsLocation: Pan IndiaExperience: 6-10 yearsKey Responsibilities:Develop end-to-end standards for model lifecycle processes: development, validation, deployment, and monitoring.Define governance principles, documentation templates, control checklists, and review protocols aligned with regulatory expectations.Support stakeholder workshops to gather inputs and iterate framework design.Draft performance monitoring frameworks with defined metrics (e.g., stability index, accuracy, overrides, drift).Ensure alignment with the Bank's Model Risk Management (MRM) framework and any applicable regulatory guidance (e.g., Basel, IFRS9, SR 11-7, SS1/23).Support handover and operationalization including training, documentation, and stakeholder alignment.Ideal Candidate Profile:Strong understanding of model lifecycle governance in a banking or regulatory environment.Prior experience in credit risk, market risk, or regulatory modeling (IRB, IFRS9, scorecards, etc.).Familiar with industry standards on model validation and monitoring practices.Excellent documentation and stakeholder management skills.Experience working with Model Risk Governance or Independent Validation Units preferred. ;
About the Team: EXL is the indispensable partner for leading businesses in data-led industries such as insurance, banking and financial services, healthcare, retail and logistics. We bring a unique combination of data, advanced analytics, digital technology and industry expertise to help our clients turn data into insights, streamline operations, improve customer experience, and transform their business. Our partnerships with clients are built on a foundation of collaboration - and we've been chosen as a partner by nine of the top ten leading US insurance companies, nine of the top 20 global banks, and six of the top ten US health care payers. We function as one team to make your goals our goals, whether that's unlocking the value of generative AI or embedding analytics into workflows that reduce risk or power your growth. Clients choose EXL as their transformation partner for many reasons. Our geographic diversity make talent all over the world instantly accessible. Digital accelerators enable unmatched speed-to-value, letting you realize results fast. It's our people that truly set us apart, though, including the 1,500 data scientists we have dedicated to our generative AI practice. And our more than twenty years of experience in delivering business services, garnering stellar client references, and maintaining a solid balance sheet are reassuring to our C-suite clients. Find out for yourself why clients, employees, and analysts think we're some of the best in the business. Contact us to see how we can help you achieve your goals.

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