Join our Regulatory & Financial Risk team in Noida as a Deputy Manager, Credit Risk Quant. This role is integral to Deloitte's Strategy, Risk & Transaction practice, focusing on mitigating risks and creating value for our clients. You will be at the forefront of assessing and validating complex credit risk models, ensuring compliance with global regulatory standards and contributing to robust financial risk management strategies.

This position offers a challenging and rewarding career path within a dynamic and supportive team environment. You will gain exposure to diverse financial products and regulatory frameworks, honing your quantitative and analytical expertise.

Perform independent validation of Advanced IRB/Foundation IRB models, including PD, LGD, EAD, and CCF methodologies, rating system design, and RWA assessment. Evaluate model assumptions for various wholesale exposures like corporate lending, project finance, financial institutions, and real estate. Review model conceptual soundness, data representativeness, and calibration. Challenge model segmentation, collateral treatment, and regulatory compliance with Basel III/IV.

Conduct model performance testing and prepare comprehensive validation documentation. Support regulatory engagements and collaborate with Model Development, Credit Policy, and Data Governance teams to ensure models are fit-for-purpose.

A Master's degree or higher in a quantitative field such as Finance, Statistics, or Mathematics is required. We seek candidates with 4 to 6 years of experience in modelling or validation of Wholesale IRB capital models, IFRS9, or Climate Risk Modelling within large banking organizations. Proficiency in Python, R, SAS, and SQL is essential, along with a strong understanding of credit modelling statistics and IRB rating system architecture.

Experience with corporate lending, project finance, and commercial real estate exposures is necessary. Familiarity with stress testing frameworks (CCAR/ICAAP) and regulatory bodies like PRA, ECB, and Fed/OCC is highly valued. An effective challenge mindset, high attention to detail, and strong stakeholder management skills are crucial for success in this role.