Deputy Manager | Credit Risk Quant | Delhi | Regulatory & Financial Risk

Job requisition ID :: 108560

Date: Jul 16, 2026

Location: Delhi

Designation: Deputy Manager

Entity: Deloitte Touche Tohmatsu India LLP

• *Deputy Manager \| Credit Risk Quant \| Delhi \| Regulatory \& Financial Risk**

• **Job requisition ID** : 108560
• **Location**: Delhi
• **Entity**: Deloitte Touche Tohmatsu India LLP

• *The Team**

Deloitte Strategy, Risk \& Transaction helps entities mitigate risk while discovering new opportunities to create value. Our end\-to\-end risk services span all domains, from managing strategic risks in the C\-Suite to improving board oversight, and from balancing financial and environmental policies to addressing cyber threats.**Learn more about Risk, Regulatory \& Forensic**)

• *Your work profile**

• Perform independent validation of Advanced IRB / Foundation IRB models including:
• PD, LGD, EAD, and CCF modelling methodologies
• Rating system design and performance
• RWA attribution and capital impact assessment
• Assess model methodologies and assumptions for diverse wholesale product exposures including:
• Corporate and SME lending (term loans, revolving credit, working capital facilities)
• Project and infrastructure finance
• Financial institutions \& sovereign portfolios
• Commercial Real Estate (CRE) and income\-producing real estate
• Trade finance, supply chain, and asset\-based lending
• Leveraged finance and private capital exposures
• Evaluate model conceptual soundness, data representativeness, risk differentiation, and calibration methodology
• Review and challenge:
• Model segmentation, overrides, downturn calibration, and economic cycle considerations
• Treatment of collateral, guarantees, credit mitigants, and default definitions
• Regulatory compliance with Basel III/IV IRB requirements and regional supervisory rules
• Conduct model performance testing including:
• Discriminatory power, back\-testing, stability monitoring, sensitivity, and benchmarking
• Prepare high\-quality validation documentation with clear findings, limitations, and remediation actions
• Support regulatory engagements, addressing model findings, remediation evidence, and audit requests
• Partner with Model Development, Credit Policy, Data Governance, and Capital Management teams to ensure models are fit\-for\-purpose and well\-controlled

• *Key skills required:**

• Experience with Corporate lending, project finance, commercial real estate, private equity exposures
• Stress testing frameworks (CCAR/ICAAP) and IRB\-to\-IFRS 9 model linkages
• Regulatory interactions with PRA, ECB, Fed/OCC, OSFI, etc.
• Ability to articulate quantitative findings to non\-technical senior stakeholders
• Core Competencies
• Effective challenge and independent risk oversight mindset
• High attention to detail and documentation discipline
• Stakeholder influencing and relationship management
• Ability to manage multiple validations under tight timelines
• Desired qualifications
• Experience in modelling or validation of Wholesale IRB capital models, IFRS9, Climate Risk Modelling experience within large banking organizations
• Strong technical skills in Python, R, SAS, SQL and knowledge of credit modelling statistics
• Deep knowledge of:
• IRB rating system architecture and approvals
• Basel III/IV capital rules for wholesale credit
• Model risk governance expectations (e.g., SR 11\-7\)
• Strong analytical judgment and written communication skills
• Desired qualifications Master’s degree or higher in Quantitative Finance, Statistics, Mathematics, Engineering, or related field
• 4 to 6 years of experience in modelling or validation of Wholesale IRB capital models, IFRS9, Climate Risk Modelling experience within large banking organizations
• Strong technical skills in Python, R, SAS, SQL and knowledge of credit modelling statistics