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🥝 Manager, Model Risk Management

PHH Mortgage | mumbai, India | Posted June 05, 2026

Job Description

Position Summary:

The Model Risk Manager reporting to the SVP, Credit and Market Risk Management will oversee the performance monitoring and testing of the company’s inventory of financial and analytical models. This role will serve as the primary second-line contact for the assessment of new model input/design/function prior to the promotion to production. In addition, the role will develop monitoring oversight via actual vs expected results analysis and perform coordinated stakeholder reviews of existing models on a risk-based rotation plan given model significance to the operating and financial results of the company. Model reviews should result in summary document output identifying model degree of fit and identify areas of potential improvement. The candidate will be a motivated, self-led individual responsible for directing the model risk assessment and ensuring reviews include comprehensive input from stakeholders, address developing trends in the market, and s...

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