Senior Principal Consultant - Senior Data
- Genpact India
- 5 to 10 Yrs
- Pune
- 4 years ago
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Job Description
Senior Data Scientist Model Validation
This position is accountable for performing statistical / machine learning model validation, assessing model s risks and implementing controls to mitigate identified risks.
The Data Scientist acts in an oversight role to ensure that risks associated with model implementation/application have been outlined and mitigated, validates the model design and adheres to the model risk management policy and the overall risk management strategy. The successful candidate will document the process and the recommendations and communicate with the business and model owner throughout the engagement.
Responsibilities:
- Reviews documentation, meets with the business, model owner to ensure understanding of the business problem.
- Ensures that proper and adequate model documentation and model risk mitigation processes are in place to appropriately assess and mitigate model risk.
- Assesses the data for model development, checks assumptions, inputs to the model and performs in-depth analysis to identify potential issues.
- Independently develops benchmark model to assess whether submitted model behavior is consistent with the documented specifications and intended use.
- Compares validation results with model developer results for replicability.
- Ensures the transparency and interpretability of the models by keeping current with new research and methodologies that can explain black box models.
- Keeps informed of current practices and research in statistical and machine learning modelling techniques and risk management by reading academic literature, attending academic and practitioner workshops and conferences.
- Develops and maintains in-depth knowledge of business and related model validation/risk management requirements and regulatory guidelines.
Qualifications:
- Advanced degree in Statistics, Math, Comp Sci, Engineering or other related discipline (post-grad preferred)
- Specifically in building statistical/ machine learning models, data analysis and data mining
- Model validation experience is preferred
- Experience with model risk management practices, model life cycle
- Proficient in either Python, R, SQL with working knowledge of the others
- Experience with Big Data platforms
- Adaptable and open to change with strong collaboration and communication skills
- Insurance/Financial Services experience desired
- Experience with Natural Language Processing, unstructured data, use of APIs
Employement Category:
Employement Type: Full timeIndustry: IT - SoftwareRole Category: General / Other SoftwareFunctional Area: Not ApplicableRole/Responsibilies: Senior Principal Consultant - Senior DataContact Details:
Company: Genpact IndiaLocation(s): Pune
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Genpact India
Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and ...
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