Genpact Model Validation Jobs in Gurgaon| ₹8–12 Lakh| Apply

Genpact Model Validation Jobs is seeking whose primary role is to perform an independent assessment and validate quantitative models. The responsibilities involve verifying model methodology, assumptions, limitations, calibration, and monitoring processes to ensure that they adhere to regulatory guidelines such as SR 11-7 and Basel III. The ideal candidate should have experience in market risk model validation, be familiar with derivatives and fixed income products, be good at Python/R and Excel, and possess strong analytical and communication skills.

• Position: Manager Model Validation
• Company: Genpact 
• Location: Gurgaon 
• Education: Any Graduate 
• Experience: 1-3 yrs
• Salary: ₹8–12 Lakh
• Employment Type: Full Time 

Genpact Model Validation Jobs Description 

The United States-based multinational company Genpact is looking for a manager – model validation who will carry out independent validation of quantitative models employed in the second line of defense at their location in Gurgaon. The work profile includes reviewing the model methodology, theoretical ideas, limitations, calibration, and monitoring processes, all while ensuring that the requirements laid down by regulatory guidelines such as SR 11-7, Basel III, and FRTB are met. Candidates will be asked to create benchmark models, conduct result analysis, and validation exercises write detailed reports on the same. Experience in market risk model validation along with a postgraduate degree in Statistics, Mathematics, Economics or Engineering is the minimum requirement. The candidate must be skilled in Python/R, Excel and also have enough knowledge of financial products like derivatives and fixed income to be able to work with them.

Key Responsibilities of Manager Model Validation at Genpact 

The Manager Model Validation is likely to be the supervisor responsible for a wide range of works that require the blending of technical precision with business acumen:

1. Independent Model Validation

• Within the second line of defense, exhaustively validate risk and financial models.
• Check the models against regulatory guidelines (e.g., SR 11-7, FRTB, Basel III IMA, Stress Testing).
• Review the conceptual framework, assumptions, methods, limitation, and performance.

2. Benchmarking and Calibration

• If required, create benchmark models for the better comparison of the models.
• Identify the calibration methods used to ensure the accuracy and the strength of the model.

3. Monitoring and Reporting

• Be responsible for model implementation processes as well as for the continuous model performance.
• Check the model results, detect inaccuracies, and propose the needed corrective actions.
• Prepare and submit the validation reports outlining the primary conclusions and recommendations.

4. Collaboration and Communication

• Work together with the risk management, treasury, and business teams.
• Break down complex model results in simple language while discussing with non-technical stakeholders.

5. Regulatory Compliance

• Makes sure that models conform to the standards set by internal governance and regulations externally.
• Keep abreast of changes in regulatory frameworks and implement the best practices.

6. Tools and Systems Exposure

• Operate treasury systems e.g., Murex or Calypso.
• Utilize market data from Bloomberg, Reuters, or similar sources.

Company Overview

Genpact is a global professional services company that focuses on digital transformation and business process management. After being established in 1997 and having its main office in New York, Genpact works with Fortune 500 clients from different sectors to attract the need for change, implement the practice of efficiency, and provide insight based on data. The company uses the combination of the most modern analytics, AI, and domain expertise to solve the most intricate business problems. Having businesses in more than 30 countries, Genpact presents its employees the opportunity to participate in international projects, be exposed to the latest technologies, and have access to career development. Learning, collaboration, and excellence are the core values of its culture which make it one of the most appealing employers in the fields of finance, analytics and technology.

Required Qualifications for Manager Model Validation at Genpact 

If a candidate wishes to be successful in a similar job, he/she should meet the following educational and professional criteria:

• A postgraduate degree/diploma in Statistics, Mathematics, Economics/Econometrics, or Physics from well-known universities and stable reputed institutions, preferably with courses in Financial Engineering, FRM, or CQF Level 1.
• An undergraduate degree in Engineering from reputed institutes with relevant finance courses.
• One to three years of banking or capital markets experience, with a focus on market risk model validation.

These qualifications are the base that the candidate should be well-versed in the concepts of financial risks, quantitative analysis, as well as the regulatory framework.

Essential Skills for Manager Model Validation

The candidates meeting the requirements of the post should possess a combination of these technical, analytical, and interpersonal abilities:

1. Technical Skills

• The use of Excel, Python, or R for data analysis should be at the advanced level.
• The knowledge of the stochastic models such as Black-Scholes, Hull & White, SABR.
• The acquaintance with VaR, Expected Shortfall, and counterparty credit risk modeling.

2. Analytical Skills

• Capability of conducting conceptual assessments, statistical analysis, and scenario testing.
• Strong problem-solving skills that are necessary to spot the weak spots of the models and come up with the solutions.

3. Regulatory Knowledge

• The knowledge of SR 11-7, FRTB, Basel III, stress testing, and other regulatory standards.

4. Product Knowledge

• The experience of the fixed income and derivatives valuation field.
• The exposure to the treasury systems (Murex, Calypso) and market data providers.

5. Soft Skills

• The excellent communication and presentation skills that would help a person to do it.
• A self-starter, proactive, and also the capability of working under ambiguous conditions.
• The skill of collaborating with other teams without losing one’s own independence in validation tasks.

Benefits of Working at Genpact

Genpact provides its employees with a comprehensive set of benefits that are tailored to the well-being, growth, and work-life balance of the employees:

1. Competitive Compensation: A good salary and the possibility of additional remuneration based on performance.
2. Health & Wellness: Complete medical, dental, and vision insurance coverage.
3. Professional Development: The chances for certifications, attending workshops, and improving the skills.
4. Global Exposure: Handling projects with Fortune 500 clients and foreign teams.
5. Work-Life Balance: 5-day workweek and good office culture.
6. Recognition Programs: The programs that provide incentives for achievements and contributions.

Manager Model Validation of Salary Overview

Genpact does not reveal the salary for this role. However, the pay for a Manager – Model Validation position in India is generally as follows:

• Experience Estimated Salary (INR per annum)
• 1–2 years ₹8–12 Lakh
• 2–3 years ₹12–18 Lakh

Moreover, the employee will also receive a performance bonus, have access to a health insurance plan, and be granted professional development support.

Career Growth Opportunities at Genpact 

The position of Manager Model Validation at Genpact is commendable with vast career progression:

1. Technical Track

• Senior Manager – Risk Model Validation
• Lead – Quantitative Risk Analytics
• Director – Model Risk Management

2. Cross-Functional Opportunities

• Shift into Market Risk or Credit Risk teams
• Involvement in treasury operations, regulatory reporting, or financial engineering

3. Skill Development

• Develop skills in the area of regulatory frameworks, advanced analytics, and risk modeling techniques.
• The chance to get a certification like FRM, CFA, or CQF while being employed.

Indeed, this position fits perfectly those professionals who desire to create a successful and enduring career in risk management and financial modeling.

How to Apply for Genpact Job Vacancy in Gurgaon?

Candidates can apply for the Manager Model Validation at Genpact through the following steps:

1. Visit the official Genpact Careers page.

2. Search for “Manager – Model Validation” in Gurgaon.

3. Submit your updated resume highlighting relevant experience in model validation, risk management, and quantitative analytics.

4. Include a cover letter emphasizing your experience with regulatory frameworks, financial models, and treasury systems.

5. Monitor your email for interview communication from the recruitment team.

Interview Preparation Tips for Genpact Careers 

1. Understand Regulatory Guidelines

• Study SR 11-7, Basel III, FRTB, and stress testing principles.
• Be prepared to discuss how these guidelines influence model validation processes.

2. Technical Skills

• Refresh Python/R for data analysis and model validation tasks.
• Review VaR, Expected Shortfall, and stochastic modeling concepts.

3. Financial Products Knowledge

• Understand derivatives, fixed income instruments, and valuation techniques.

4. Scenario Questions

• Expect case studies on validating models, detecting errors, and assessing calibration techniques.

5. Behavioral Skills

• Showcase your problem-solving, communication, and collaboration skills.
• Use STAR method (Situation, Task, Action, Result) for behavioral questions.

6. Practical Preparation

• Prepare to interpret model outputs and provide actionable recommendations.
• Practice explaining technical concepts to non-technical stakeholders.

FAQs for Genpact Job Vacancy in Gurgaon 

Q1. What is Model Validation?

A1. Model validation is the process of assessing a quantitative model to ensure it is accurate, robust, and compliant with regulatory and business standards.

Q2. Which programming languages are essential for this role?

A2. Python and R are commonly used for model validation. Advanced Excel skills are also required.

Q3. What are SR 11-7 and FRTB?

A3. SR 11-7 is a U.S. regulatory guidance for model risk management. FRTB (Fundamental Review of the Trading Book) is a global regulatory standard for market risk.

Q4. What is the career progression for this role?

A4. Managers can progress to Senior Manager, Lead, and Director roles in model risk management or risk analytics.

Q5. Is prior experience in banking mandatory?

A5. Yes, experience in banking or capital markets, particularly in risk model validation, is highly preferred.

Conclusion

The Manager Model Validation at Genpact is one of those opportunities that you just cannot let go, if you have a background in quantitative, good analytical skills, and have worked in the area of risk modeling. This role offers you the chance to get acquainted with different regulatory frameworks, and work with sophisticated financial instruments, and also with clients located all over the world.Attractive salary and benefits.Professional growth and upskilling.Chances to be involved in the development of innovative financial and risk models

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