Crisil is hiring for model validation work supporting Canadian clients, based in Mumbai, Bengaluru or Pune. You will validate risk and business models end to end: check the quality and suitability of input data and data processing, review model design, segmentation, variable selection and assumptions, review and replicate model code, assess in-sample and out-of-sample back-tests, sensitivity, scenario and stress tests, build challenger or benchmark models when needed, identify model risks and recommend fixes, and review ongoing monitoring against regulatory expectations such as SR 11-7. You will also help with audit and regulator requests and the annual review of model risk policies.
The posting asks for 1-3 years of relevant experience in model development or validation.