Ready to shape the future of work? 

At Genpact, we don’t just adapt to change—we drive it. AI and digital innovation are redefining industries, and we’re leading the charge. Genpact’s AI Gigafactory, our industry-first accelerator, is an example of how we’re scaling advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. From large-scale models to agentic AI, our breakthrough solutions tackle companies’ most complex challenges. 

If you thrive in a fast-moving, tech-driven environment, love solving real-world problems, and want to be part of a team that’s shaping the future, this is your moment. 

Genpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions – we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. 

Inviting applications for the role of Assistant Manager/Manager, Model Validation

In this role, you will be responsible for model development, implementation documentation - for a BFS client in North America.

Responsibilities

You will be working with the independent model validation function of a large banking client and will involve end-to-end validation of risk and regulatory models across business functions, and development of challenger models as necessary. Your activities will include, but will not be limited to the following:

Independent model validation, especially comprehensive model validation within 2nd line of defense, using SR 11-7 or similar guidelines

Exhaustive model validation will include conceptual assessment of model’s use, methodology, assumptions, limitations and on-going monitoring and control, model’s outcome analysis

Development of benchmark models may be required.

Assessment of the model monitoring and implementation process. Assessment of the model calibration techniques

Prepare model validation report summarizing findings and provide recommendations

Qualifications we seek in you

Minimum Qualifications / Skills

Post-graduate degree / diploma in any of Statistics, Mathematics, Economics / Econometrics, Physics from reputed institutes with courses in Financial Engineering or FRM / CQF Level 1

Undergraduate degree in Engineering from reputed institutes with courses in Financial Engineering or FRM / CQF Level 1

Relevant experience in Banking or Capital Markets, with experience in market risk model validation.

Good understanding and experience in at least one of the regulatory risk modeling / validation guidelines – SR 11-7, FRTB, Stress Testing, Basel III IMA, CAR: Chapter 9,etc.

Exposure to any treasury system such as Murex, Calypso, etc. or market data providers such as Bloomberg and Reuters.

Knowledge of VaR, Expected Shortfall or Counterparty Credit Risk modelling.

Knowledge of product valuation in any of Fixed Income or Derivatives

Knowledge of stochastic models such as Black Scholes, Hull White, SABR etc) will be added advantage.

Working knowledge of Excel, Python/R in this field.

Good communication/presentation skills – written verbal

Self-driven, proactive, “can-do” attitude. Ability to work under ambiguity and with minimal supervision

Preferred Qualifications/ Skills

Strong networking, negotiation and influencing skills

Some understanding and experience in at least one of the regulatory risk modeling/validation guidelines – SR 11-7, FRTB etc

Why join Genpact? 

Be a transformation leader – Work at the cutting edge of AI, automation, and digital innovation 

Make an impact – Drive change for global enterprises and solve business challenges that matter 

Accelerate your career – Get hands-on experience, mentorship, and continuous learning opportunities 

Work with the best – Join 140,000 bold thinkers and problem-solvers who push boundaries every day 

Thrive in a values-driven culture – Our courage, curiosity, and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress 

Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters: Up. 

Let’s build tomorrow together. 

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity, customer focus, and innovation.  
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.