Join our Regulatory & Financial Risk team as a Deputy Manager, Credit Risk Quant in Bengaluru. This role is integral to Deloitte's Strategy, Risk & Transaction practice, focusing on helping entities navigate risks and uncover opportunities. You will contribute to a team dedicated to comprehensive risk services, from strategic C-suite risks to cybersecurity threats.

Your responsibilities will include independently validating Advanced IRB/Foundation IRB models for PD, LGD, EAD, and CCF, assessing rating system performance, and evaluating RWA attribution. You'll critically examine model methodologies and assumptions for diverse wholesale exposures, including corporate, SME, project finance, financial institutions, CRE, trade finance, and leveraged finance. This involves evaluating conceptual soundness, data, risk differentiation, and calibration, as well as reviewing segmentation, collateral treatment, and default definitions. Ensuring regulatory compliance with Basel III/IV IRB and regional rules is paramount. You will also conduct model performance testing, prepare detailed validation documentation, support regulatory engagements, and collaborate with internal teams to ensure model efficacy.

We seek candidates with experience in corporate lending, project finance, commercial real estate, and private equity exposures. Familiarity with stress testing frameworks (CCAR/ICAAP) and IRB-to-IFRS 9 model linkages is essential. The ability to articulate quantitative findings to non-technical stakeholders is key. Core competencies include a strong challenge mindset, independent risk oversight, meticulous attention to detail, and excellent stakeholder management. You must be adept at managing multiple validations under pressure. Desired qualifications include experience in Wholesale IRB capital models, IFRS9, or Climate Risk Modelling, with strong technical skills in Python, R, SAS, or SQL, and a solid understanding of credit modelling statistics. A deep knowledge of IRB rating system architecture, Basel III/IV capital rules for wholesale credit, and model risk governance (e.g., SR 11-7) is required. A Master's degree or higher in a quantitative field and 4-6 years of relevant experience are preferred.