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Financial Markets Advisory - Market Analytics - Associate

Mumbai, MH
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  • Banking & Finance
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Providing/supporting model development, model validation services, and model risk management effortsas part of client engagements (e.g., work on a project team responsible for building a bespoke residentialmortgage model and supporting model validation efforts in order to challenge and enhance a top globalbanks residential mortgage modeling capabilities)Driving the evolution of the FMA platform based on market / regulatory trends, client objectives, andtechnological developments to ensure execution quality and to deliver state-of-the-art solutions to clientsDeveloping intellectual property (e.g., data science-based modeling techniques) to support FMA strategicproduct development initiatives (e.g., partner closely with FMA global business leaders to developanalytical solutions to support development of product offerings in the Enterprise Risk Management area)Supporting business development and lead qualification (e.g., be an active stakeholder in all aspects ofclient-level dialogue including executive level interaction related to FMA s analytical capabilities)Serving as the central FMA coordination point with other BRS analytical functions such as the PortfolioAnalytics Group (PAG), Financial Modeling Group (FMG) and other related teams (eg, develop a deepunderstanding of analytics, modeling, and technology at BlackRock while building a broad network acrossthe firm).ResponsibilitiesThe Modeling and Analytics Group within FMA team is responsible for leading custom model design, development and delivery as well as model validation advisory support for FMA clients. Custom model development responsibilities include leading the global execution of bespoke modeling engagements for banks and large financial institutions, implementing and executing model development standards for estimation, delivery and documentation of newly created models, and close coordination with other modeling teams within BlackRock.Model validation responsibilities involve leading the global execution of model validation advisory engagements,supporting model validation and documentation requirements and components of complex, high-profile clientprojects in accordance with supervisory and internal model risk management standards.Key responsibilities of the role includePlay a hands-on role in client project execution for customized model development, validation,governance, and implementation advisory assignments working in close collaboration with FMAengagement teams by participating in model development and data analysisDefine and develop procedures and standards for modeling content and related documentationsupporting project needs, and clients business and model validation requirementsGuide project teams to create state of the art custom model development (including relevant analyticsand reporting) and accompanying model documentation to fulfil clients business and model validationrequirementsProvide support for business development, lead qualification and strategic product development for allprojects with a custom model estimation or model validation componentLiaise/collaborate with other modeling teams within BlackRock on related project execution, staffing andresourcingLiaise/collaborate with asset/market experts in customized model development processBe accountable for content of customized modeling and supporting documentationCollaborate with FMG, Risk and Quantitative Analysis (RQA) and other related teams at BlackRock formodel development, model risk management and documentation best practices and approaches as wellas on any validation-related topics pertaining to BlackRocks proprietary models (e.g. Aladdin)Serve as subject matter authority on FMA model development and validation expertise, staying current onlatest regulatory guidance (such as CCAR, PRA, Basel etc.), industry best practices, developments, andtrendsSource, train and develop talent, including customized modeling staff and technical writers, to support thefunction
Degree: M.Com. (Commerce) | M.Pharm. (Pharmacy) | M.Sc. (Science) | MA (Arts) | MBA/ PGDM | MCA/ PGDCA

Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 4-9


Business Analysis | Business Strategy
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