Team Overview
TransUnion CIBIL is India's leading credit information company, a key anchor in the country's credit ecosystem for the past 25 years. As an information and analytics provider, it bridges the gap between stakeholders across multiple ecosystems, analyzing credit information to generate solutions for institutions and consumers.
Dynamics of the Role
The Internal Audit and Advisory (IAA) team is an independent and objective assurance function performing consulting activity to add value to improve the operations of TU. IAA assists the organization in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization's risk management, control, and governance processes. IAA provides assurance services regarding internal control systems to TransUnion CIBIL management and the Audit and Risk Committee, auditing financial reporting controls, operational processes, IT and IT security and compliance to laws and regulations.
We are looking for a DVP - Model Risk Auditor and Data Analytics Lead to join the Internal Audit & Advisory Department, responsible for auditing/reviewing all aspects of Model Risk Management from model risk governance and control, independent model validation to model performance monitoring. The selected candidate will be responsible for auditing/reviewing model life cycle and measuring the effectiveness, accuracy, and adequacy of the models. In addition, the candidate will be expected to perform complex data research and analysis to support internal audits by designing and executing data and analytic audit procedures, including creating processes, reporting, and data analysis methodologies to identify trends in large data sets. The position also focuses on providing thought leadership and technical expertise across multiple disciplines to internal audit stakeholders and is recognized internally as "the go-to person" for the most complex data & analytics assignments.
This job is assigned as On-Site Essential and requires in-person work at an assigned TU office location as a condition of employment.
Role Overview and Core Responsibilities
•Lead planning, execution and reporting of internal audits related to model risk management and data analysis for senior management and regulators. Prepares analytics to summarize audit results to inform decision making and evaluation of audit conclusions.
•Establishes and drives innovative analytical audit processes leveraging technology to maximize benefits from traditional audits and replace manually intensive control testing.
•Analyzes large complex data sets, identifies anomalies/trends/risks, and provides usable business insights.
•Sources and uses data analysis tools to automate audit testing. Develops techniques that support the established continuous auditing methodology.
•Identifies critical areas for continuous monitoring, both from a Concurrent Audit perspective, and develops the necessary reports for monitoring.
•Makes, or assists in making, oral or written presentations to management throughout each engagement, discusses deficiencies, recommends corrective actions, and suggests best practice improvements.
•Reviews and tests model governance, development, implementation, and validation to evaluate efficacy of generic scoring models built by TUCIBIL using statistical, ML and mathematical concepts.
•Identifies and assesses model risks, controls, and issues and highlights gaps and recommendations for improvement.
•Evaluates compliance with applicable company policies and procedures and regulatory standards and best practices.
•Communicates audit findings and recommendations to senior management and stakeholders.
•Follows up and verifies the resolution of audit issues and actions.
•Performs other related duties as assigned.
•Builds collaborative working relationships with internal stakeholders (appropriate levels of management).
•Confidently leads meetings to discuss audit issues with management, ensuring their understanding of associated risks, root causes, and the actions needed to remediate.
•Maintains and updates knowledge of relevant regulations, standards, and best practices for model risk management.
•Operates autonomously and manages tasks independently.
•Takes ownership of assigned tasks and interacts with other IAA members in working towards departmental goals.
•Monitors ongoing remediation of deficient systems or processes and develops updates or modifications to recommendations and findings as needed.
Required Knowledge and Experience
•12+ years of experience in the financial services industry, ideally in model risk governance, model risk audit, risk management and data analytics.
•A master's degree in Statistics, Mathematics, Data Analytics, or related fields from Tier 1 institutes.
•Certification of CFA, FRM (or actively working towards) or other similar certifications is an added advantage.
•Have worked in model development or model validation in the past.
•Ability to review models from multiple functional areas – Consumer, Commercial, Microfinance, Fraud and Matching algorithms.
•Strong proficiency in tools and technologies like R, Python, Spark, SQL, Pyspark, Hive, Tableau, Alteryx, Microsoft Access, PowerPoint, Excel, and SharePoint.
•Familiar with data movement and file transfer methods and tools. Experience designing and evaluating data and analytical audit procedures to drive efficiency and insights to stakeholders.
•Experience in building/auditing with predictive modeling; exposure to risk scorecards will be an advantage.
•Demonstrated ability to understand complex technologies, business processes, regulations, and emerging risks.
•Self-starter with the ability to manage and prioritize responsibilities.
•Ability to work independently, handle ambiguous situations and exercise judgement in a variety of situations.
•High degree of responsibility and ownership, strong multitasking, coordination and tenaciously looking for ways to get results.
•Team player with proven skills in influencing people without having direct management authority.
•Self-driven performer with established skills in tracking self and project performance, anticipating and recognizing problems and escalating issues appropriately.
•Strong ability to interact and communicate both written and verbally with people at all levels, both technical and non-technical, in a dynamic environment where interactions are not always in person.
•Strong risk analysis and problem-solving skills.
•Must be flexible to ensure assessments are performed timely and manage multiple assessments simultaneously.
Internal TransUnion job title: Manager II, Audit and Advisory.
