Model Risk Management Consultant - London, United Kingdom - Wipro Limited

Wipro Limited
Wipro Limited
Verified Company
London, United Kingdom

1 month ago

Tom O´Connor

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Tom O´Connor

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Description

Overview:
Are you interested in working in an agile and delivery driven organization? Are you passionate about designing the future credit risk management framework for leading Banks? Are you confident in designing and implementing Model Risk Management (MRM) practices involving increased automation and AI/ML?

Wipro is an exciting organisation to work for.

In our first year entering, we ranked as a "Top Employer" as part of the Top Employer Institute annual listings, and we were assessed on several key HR practices including People Strategy, Work Environment, Talent Acquisition, Learning and Development, Wellbeing and Diversity and Inclusion.

This is accompanied by exciting business growth as well where Wipro has posted continued growth in the last 6 quarters coming into May'2023.


Our vision is to help large Banks and Capital Market participants across the world in transforming their risk management functions to address the emerging industry challenges and regulatory expectations through consulting and technology offerings.

You will be part of a large global consulting team with significant presence in the US, UK and India specialising in various areas of risk and compliance.

Working with this team will give you the opportunity to work with leading banks in the world and help them to transform their risk and control functions while providing ample opportunities for you to learn the leading practices adopted by these institutions.


The role:


As part of expansion of our footprints in Financial Risk offerings, we are hiring specialist Model Risk Management (MRM) consultants with prior practical experience in providing consulting services.


  • Support Wipro risk leaders in MRM offerings for BFSI clients
  • Participate in transformation programmes involving changes to MRM practices to define model risk appetite, policies, procedures and technology implementations
  • Build or validate models (credit or market risk models) with ability to work effectively with model development, validation teams
  • Modelling and validation experience across different products or portfolios will be an advantage
  • Work with Wipro leadership team to publish point of views on MRM
  • Providing technical guidance and interpretation of prudential regulations related to MRM from PRA and other European regulators
  • Work effectively as part of broader Wipro and client project teams to support our clients manage their regulatory programmes
  • Lead and manage teams and individuals to support meeting client demands as well as people development, mentoring and leadership

Key Skills, Competencies & Experience:


  • Technical understanding of Credit Risk:
  • Regulatory definition of Model vs Methods and Model Risk Appetite
  • Model risk rating and relevant metrics to quantify model risk for various models types (risk models, pricing / valuation models, finance models)
  • Model Risk Management Governance and Reporting
  • Model Life Cycle management including knowledge of Technology Solutions and key functionalities to support model life cycle management
  • Significant knowledge of the financial services industry and in particular leading industry practices around model risk management
  • Ability to communicate complex concepts to nonexpert audiences
  • Programming Skills
  • Advanced skills with modelling software such as SAS, Python and R in cloud
  • Knowledge of use of Machine Learning techniques in MRM would be an advantage
  • Consulting Skills:
  • Prior experience working in a reputed consulting firms (e.g., Big 4) or with modelling or model validation teams with global banks
  • Proactive and delivery focused with excellent communication skills and organised approach to completing activities and deliverables
  • Able to confidently present ideas to inform and influence leadership decisions
  • Strong facilitation skills to elicit information from key stakeholders, both internally and externally
  • Proven and demonstrable analytical and problemsolving skills
  • Ability to think laterally and generate creative solutions
  • Strong stakeholder management skills
  • Proactive and delivery focused attitude
  • Ability to plan, coordinate, recognise and prioritise deadlines.
  • Attention to detail, completing tasks accurately and in a timely manner
  • Ability to form and develop an effective network.


Wipro is an Equal Employment Opportunity employer and makes all employment and employment-related decisions without regard to a person's race, sex, national origin, ancestry, disability, sexual orientation, or any other status protected by applicable law.

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