India Job Openings

Ameriprise India

Quant Model Validator

FULL TIME

September 6, 2024

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.

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India Business Unit

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