Senior Manager/Manager - Model Risk

Senior Manager/Manager - Model Risk

About the Opportunity

Job Type: PermanentApplication Deadline: 01 August 2026

Job Description

Title         Senior Manager/Manager - Model Risk
Department    Model Risk, which is part of larger Enterprise Risk team
Location     Gurugram/Bengaluru
Reports To     Head of Model Validation
Level        6/5

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 team and feel like you’re part of something bigger.

About the 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 140 plus strong, and growing, covering all facets of risk management including investment, operational, enterprise, and technology risk.

Enterprise Risk Management (ERM) Function:
The ERM function is lead from Singapore and the primary purpose of the ERM team is to ensure that the business is managing risk within its agreed risk appetite, and in accordance with ERM Framework in place. The ERM function is also responsible for capital management, key risk regulatory reporting, policy governance and the ERM framework. It also acts as the oversight function for model risk, strategic risk, financial risk, ESG risk and strategic ventures.

About the role 

We are seeking a Model Validation professional to perform independent validation of models used in Risk Management, Finance, and Investment Management (IM) support activities, including models supporting regulatory submissions, fair valuation, NAV calculations, and related processes.

This role will lead or support end-to-end validation of models across these domains, combining strong quantitative expertise with a solid understanding of model risk frameworks and regulatory expectations. The role involves rigorous theoretical and empirical analysis, assessment of model design and implementation, and evaluation of model use within key business processes.

You will work closely with model owners, Finance, Risk, and Investment teams to ensure models are robust, fit-for-purpose, and compliant with FIL’s Model Risk Policy and evolving regulatory standards. The role also requires developing strong knowledge of applicable regulatory expectations and contributing to the ongoing enhancement of model governance practices, including model inventory, risk assessments, and validation frameworks.

While the primary focus is on Risk and Finance models, experience with Investment Management models, AI/ML techniques, and broader model risk governance activities will be advantageous.

About you

Key Responsibilities
•    To develop a strong understanding of FIL's Model Risk Policy and procedures and support education efforts with internal and external stakeholders
•    Independently lead model validation exercises, applying rigorous analysis to assess model accuracy, robustness, and compliance with FIL's Model Risk Policy or other relevant regulations.
•    Identify potential issues and discrepancies and engage in open discussions with stakeholders to reach consensus on appropriate remediation actions.
•    Translate complex technical findings into clear and actionable recommendations for both technical and non-technical stakeholders.
•    Act as a subject matter expert, providing guidance and insights to model owners and developers, ensuring compliance with FIL's Policy and procedures.
•    Develop a strong understanding of regulatory expectations (e.g., models used in financial reporting, regulatory submissions, and valuation processes) and ensure validations are aligned accordingly.
•    Foster a collaborative environment within the Model Risk Team, promoting knowledge sharing and teamwork.
•    Establish and maintain highly effective working relationships with all key internal stakeholders
•    Support model governance activities

Experience and Qualifications Required
•    Strong understanding of models used in Risk Management (e.g., market, credit, liquidity risk) and/or Finance (e.g., valuation, P&L, regulatory reporting). 
•    7-12 years of experience in quantitative modelling and model validation and risk related roles within the financial industry - investment banking or asset management is preferable.
•    Advanced degree in a quantitative field such as Mathematics, Statistics, Computer Science, or a related discipline preferred.
•    Strong programming skills with proficiency in Python, R and Excel.
•    Working knowledge of regulatory frameworks and expectations related to model risk and financial models.
•    Experience in model risk governance activities, including model inventory, policy implementation, and control frameworks.
•    Support the development of modelling standards 
•    To provide SME advisory and assurance that models meet policy and regulatory requirements.
•    Ability to demonstrate project delivery across model validation, model documentation will be highly advantageous.
•    Hands-on mentality with excellent analytical, problem-solving and written skills.
•    Excellent at providing innovative ideas and comfortable working under pressure
•    Hands on experience building, enhancing and running model validation processes is essential.
•    Professional certifications (CFA, FRM, CQF) are advantageous

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.

Experience Level

Senior Level