Associate Director

Job description

**Associate Director- Credit Risk** **Reports To:** VP **Department:** Risk and Quant Solutions **Location**: Gurgaon **Job Summary** We are seeking an experienced and strategic leader to lead high-impact risk modelling engagements across global clients. The role involves hands-on leadership in developing, validating, and governing credit risk models, while driving strategic initiatives and managing senior stakeholder relationships. **Key Responsibilities** - Lead and drive end-to-end development, redevelopment, calibration, and validation of regulatory credit risk models including PD, LGD, and EAD - Provide strategic oversight while remaining hands-on in advanced data and quantitative analysis to support modelling decisions and ensure accuracy, integrity, and reliability of data sourced from multiple vendors - Design and enhance model methodologies, algorithms, and diagnostic frameworks to evaluate model robustness, sensitivity, stability, and performance - Establish and implement model performance metrics, monitoring frameworks, and governance standards to ensure sustained model effectiveness and regulatory compliance - Develop and oversee benchmark models to support validation, backtesting, and comparative analysis - Act as a senior advisor to stakeholders, presenting model insights, risk implications, and recommendations to clients, senior leadership, auditors, and regulators - Ensure strict adherence to global regulatory frameworks and guidelines such as SR 11-7, Basel IRB, CCAR, CECL, and IFRS9 - Collaborate with cross-functional and global teams (risk, technology, data, and business) to deliver scalable and high-impact risk solutions - Lead, mentor, and scale high-performing teams by driving capability building, technical excellence, and delivery quality - Drive strategic initiatives, process improvements, and innovation in risk modelling practices to enhance efficiency and business value - Operate effectively in ambiguous environments, demonstrating strong ownership, decision-making ability, and a proactive, solution-oriented mindset **Client Engagement & Sales Enablement** - Collaborate with sales teams to identify and pursue new business opportunities within the Risk & Quants domain. - Act as a subject matter expert (SME) in client discussions, RFPs, and solution design. - Drive revenue growth by supporting pre-sales initiatives, client pitches, and solutioning. - Build and maintain strong relationships with senior client stakeholders **Required Qualifications** - Bachelors/Masters degree in Statistics, Mathematics, Economics, Finance, Engineering, or related field - MBA / FRM / CFA preferred Experience: - 15+ years of experience in credit risk modelling, validation, or risk analytics - Strong experience working with regulatory risk frameworks and global banking clients **Technical Skills:** - Expertise in credit risk modelling (PD, LGD, EAD) - Strong understanding of IFRS9, Basel IRB, CECL, PPNR , DFAST, CCAR, SR 11-7 guidelines - Advanced proficiency in statistical techniques and quantitative modelling - Hands-on experience in SAS / Python / R / SQL - Experience with model development, model validation, and model monitoring, stress testing, and model governance frameworks **Disclaimer:** The above job description serves as an informative reference for the tasks you may be required to perform. However, it does not constitute an integral component of your employment agreement and is subject to periodic modifications to align with evolving circumstances. **Please Note**: We appreciate the accuracy and authenticity of the information you provide, as it plays a key role in your candidacy. As part of the Background Verification Process, we may verify your employment, education, and other details. Please ensure all information is factual and submitted on time. For any assistance, your recruiter is available to support you.