Director, Risk Advisory Head of Modelling, Mumbai

By stepping into a role here, you will help shape the strategic decisions of the world’s leading organizations. As a member of our team, your role will go beyond conventional boundaries. You will collaborate with industry experts, thought leaders, and visionary executives, collectively working towards shaping the future of businesses that span a multitude of sectors. Our people are at the heart of everything we do, and we continuously strive to offer our colleagues a great place to work, with opportunities to learn, innovate, develop their careers, and serve the community.\n\nWant to learn more about a career at BMI?

Visit: https://careers.fitch.group/content/BMI/\n\nAbout the Team\n\nWe are looking for a highly skilled Quantitative Credit Risk Subject Matter Expert to join our Risk Advisory team in Mumbai. With extensive experience of hands-on experience in credit model development, this individual will play a key role in design, build, and validation of new credit risk models across a range of asset classes and methodologies.\n\nStrong Python proficiency is a prerequisite, and the ability to translate complex quantitative outputs into compelling client narratives is equally critical.\n\nThe role carries direct client exposure, requiring the candidate to engage confidently in technical discussions, present model frameworks, and support advisory mandates with rigorous analytical insight.\n\nThis is a rare opportunity to combine deep quantitative craft with meaningful client impact within a globally recognised risk brand.\n\nHow You’ll Make an Impact:\n\nTeam Leadership and Culture\n\nOwn the leadership and day-to-day management of the Mumbai analyst team, creating a positive, inclusive, and high-performance culture aligned to BMI/Fitch Solutions values.\n\nEstablish clear team norms for collaboration, communication, and knowledge sharing; run effective stand-ups, one-to-ones, and retrospectives.\n\nRole-model: project excellence, client management excellence, constructive feedback, a growth mindset and accountability; manage interpersonal dynamics proactively.\n\nDevelop and grow your own and your team’s capabilities, provide thought leadership and act as a driver of innovation.\n\nPerformance Management and People Development\n\nBuild and manage a high performance and highly engaged team, founded in a positive local employee experience.\n\nSet and track objectives and KPIs for analysts aligned to team and business goals; conduct regular one-to-ones.\n\nBuild individual development plans focused on technical, analytical, and consulting skills; track progress and adjust plans as needed.\n\nIdentify skills gaps and implement a structured training and coaching agenda; coordinate with L&D to leverage formal programmes.\n\nManage underperformance fairly and promptly; recognise and reward high performance.\n\nMentor, develop talent pipelines and maintain succession plans, including for senior subject matter experts.\n\nProject and Client Management\n\nRole model excellence by personally executing on projects and engagements to the highest standard.\n\nDeliver impactful client presentations.\n\nOwn the intake, prioritisation, and resourcing of work across your team; balance short-term deadlines with overlapping project timelines with strategic initiatives.\n\nBuild and maintain delivery plans, milestones, and capacity models; escalate risk to timelines/quality early with data-driven options.\n\nConduct structured quality assurance reviews of deliverables; ensure outputs meet methodological and editorial standards and are client-ready.\n\nPartner with the SME on scoping complex work, defining analytical frameworks, and ensuring methodological consistency.\n\nBring a commercial mindset to client engagements, proactively identify opportunities for additional work.\n\nThought Leadership and Innovation\n\nDevelop your own subject matter expertise within the practice.\n\nManage own and the team’s development to create strong talent profiles and succession plans.\n\nCreate thought leadership content (whitepapers, webinars, by attending events) to develop both your personal and the organisation’s brand.\n\nStay abreast with market developments and trends to support the development of the Risk Advisory offer and thought leadership.\n\nProvide innovation, by identifying and piloting new methodologies and technologies.\n\nEnsure that your own and the team’s domain expertise is continuously developing.\n\nTo manage your own development as the second most experienced team member, towards the level of the senior SME.\n\nDesign solutions based on client requirements, with limited support.\n\nStakeholder, Client and Commercial Partnership\n\nAct as primary operational point of contact for internal stakeholders and project sponsors; provide clear status updates, issue management, and expectations setting.\n\nSupport pre-sales scoping and level-of-effort estimates; align resources to commercial priorities.\n\nSupport with solution design for proposals.\n\nJoin client meetings as a subject matter expert to support pitches.\n\nGather feedback from clients and stakeholders; translate insights into continuous improvements to process, tools, and training.\n\nFacilitate your own and the team’s ongoing knowledge sharing and learning with stakeholders e.g. local SMEs and following all projects.\n\nSupport the Advisory’s teams go to market efforts by supporting with project ideation and case study production.\n\nTo be the champion of Advisory in interactions with the wider BMI and Fitch Solutions teams.\n\nMaintain awareness of regulatory developments and trends, both in terms of their influence on Risk Advisory’s work, and to spot opportunities for future value add.\n\nCollaboration with the SME\n\nCoordinate closely with the Senior Subject Matter Expert, who owns methodological authority and advanced analytics.\n\nConvert SME guidance into practical workflows, templates, and training for the team.\n\nEnsure effective separation of responsibilities: SME leads technical depth; Team Lead owns people leadership, delivery discipline, and team capability uplift.\n\nProcess, Governance, and Continuous Improvement\n\nOwn and embed standard operating procedures for research, modelling, QA, and documentation.\n\nTrack and report on key team metrics (throughput, cycle time, utilisation, quality scores, rework rates, stakeholder satisfaction).\n\nDrive continuous improvement using retrospectives and root-cause analysis; implement automation and knowledge management where feasible.\n\nEnsure compliance with policies, data security, and editorial standards.\n\nLead a diverse and inclusive team environment, applying Fitch Solution’s DEI policies and guidelines to your work.\n\nResource Planning and Hiring\n\nForecast capacity and skills needs; create hiring briefs and partner with HR Talent Acquisition.\n\nLead onboarding for new joiners and ensure structured ramp-up with clear success metrics.\n\nKPIs and Measures of Success\n\nDelivery: On-time, in-scope delivery rate; reduction in rework and cycle time.\n\nQuality: QA pass rate; stakeholder/client satisfaction scores; adherence to methodology.\n\nPeople: Engagement scores; retention of high performers; completion of development plans; closure of skills gaps.\n\nEfficiency: Utilisation and capacity accuracy; improved throughput; adoption of SOPs and knowledge assets.\n\nInnovation and thought leadership: Development as a subject matter expert, innovations deployed by the team.\n\nCommercial partnership: Contribute with solution designs, sales meetings attended and impact.\n\nYou May be a Good Fit if:\n\nStrong proficiency in Python — including model build, testing, and documentation\n\nKnowledge of machine learning techniques applied to credit risk\n\nAbility to independently design, develop, and validate new credit risk models with methodological support\n\nDirect client-facing experience, including presenting technical outputs to non-technical audiences\n\nFamiliarity with PD, LGD, EAD modelling and/or IFRS 9 / stress testing frameworks\n\nWhat Would Make You Stand Out:\n\nAbility to contribute to thought leadership, white papers, or market-facing publications\n\nWhy Choose Fitch:\n\nHybrid Work Environment: 3 days a week in office required based on your line of business and location\n\nA Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity\n\nInvesting in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals\n\nPromoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing\n\nSupportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively\n\nInclusive Work Environment : A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe\n\nDedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community\n\nFitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions.

To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.\n\nFitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluatequalified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.\n#LI-FC1 #LI-hybrid #LI-Solutions\n\n]]>