Job Description
Title Senior Manager/Manager - Model Risk
Department Model Risk, which is part of larger Enterprise Risk team
Location Gurgaon Office / Bangalore Office
Reports To Associate Director - Model Risk
Level Level 6
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Model Risk team and feel like you’re part of something bigger.
About your team
Global Risk:
The risk team in Fidelity covers the management oversight of Fidelity’s risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partner with the businesses to ensure Fidelity manages its risk profile within defined risk appetite.
The team is circa 120-strong, and growing, covering all facets of risk management including investment, operational, enterprise, and technology risk.
Enterprise Risk Management (ERM):
The ERM function is lead by the Head of Enterprise Risk and the primary purpose of ERM is to ensure that the business is managing risk within its agreed risk appetite, and in accordance with the associated ERM Framework. The ERM function is also responsible for capital management, 2nd line oversight of strategic and financial risks, risk regulatory reporting, risk appetite, risk culture and the ERM framework. It also acts as the oversight function for model risk and EUC Risk. The team is currently 35+ strong and is being invested in further to strengthen the function.The Model Risk team size is 12.
About your role
A senior model validation professional for conducting validation of investment management models and other financial models with a primary focus on AI and ML models, including advanced language models like GPT and broader Generative AI (GAI) systems. This role requires a deep understanding of AI and ML models, their underlying mathematics, and the technology used for implementation. The ideal candidate will have a strong grasp of current trends in AI and ML model usage, especially within the investment management space. Additionally, the role involves staying informed about responsible AI and ML usage and evolving regulatory expectations in different geographies. The Model Risk Manager will tackle challenges related to complex and extensive AI and ML models and innovate solutions to conduct effective model risk assessment and lead validation of AI/ML models, including client facing LLMs/chatbots and GAI used for investment research, advice and recommendations to clients. In addition, Model Risk Manager will provide qualitative SME analysis of asset management and pricing models used for asset allocation, pricing and/or risk calculations.
As Senior Model Validation Quant, this role focuses on engaging with business, i.e. model owner and developers in a model validation exercise, conducting in-depth validation analyses, identifying potential issues and communicate effectively to relevant stakeholders. Facilitate knowledge sharing and effective risk management to benefit the team and the wider business. while maintaining strict adherence to FIL's Model Risk Policy and procedures.
Key Responsibilities
About you
Experience and Qualifications Required
Feel rewarded
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.