BMI is currently seeking a Director, Risk Advisory Head of Modelling based out of our Mumbai office.
BMI's systematic, independent and data-driven market insights, analysis and forecasts enable customers to recognize and assess risks and opportunities across markets and industries. For almost 40 years, we have provided impartial views to support our customers’ strategic plans and investment decisions.
At BMI, we’re proud of the work we do to help our clients manage risks and opportunities in global markets, which began in 1984 and continues to this day. 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.
Want to learn more about a career at BMI? Visit: https://careers.fitch.group/content/BMI/
About the Team
We 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.
Strong Python proficiency is a prerequisite, and the ability to translate complex quantitative outputs into compelling client narratives is equally critical.
The 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.
This is a rare opportunity to combine deep quantitative craft with meaningful client impact within a globally recognised risk brand.
How You’ll Make an Impact:
Team Leadership and Culture
- Own 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.
- Establish clear team norms for collaboration, communication, and knowledge sharing; run effective stand-ups, one-to-ones, and retrospectives.
- Role-model: project excellence, client management excellence, constructive feedback, a growth mindset and accountability; manage interpersonal dynamics proactively.
- Develop and grow your own and your team’s capabilities, provide thought leadership and act as a driver of innovation.
Performance Management and People Development
- Build and manage a high performance and highly engaged team, founded in a positive local employee experience.
- Set and track objectives and KPIs for analysts aligned to team and business goals; conduct regular one-to-ones.
- Build individual development plans focused on technical, analytical, and consulting skills; track progress and adjust plans as needed.
- Identify skills gaps and implement a structured training and coaching agenda; coordinate with L&D to leverage formal programmes.
- Manage underperformance fairly and promptly; recognise and reward high performance.
- Mentor, develop talent pipelines and maintain succession plans, including for senior subject matter experts.
Project and Client Management
- Role model excellence by personally executing on projects and engagements to the highest standard.
- Deliver impactful client presentations.
- Own the intake, prioritisation, and resourcing of work across your team; balance short-term deadlines with overlapping project timelines with strategic initiatives.
- Build and maintain delivery plans, milestones, and capacity models; escalate risk to timelines/quality early with data-driven options.
- Conduct structured quality assurance reviews of deliverables; ensure outputs meet methodological and editorial standards and are client-ready.
- Partner with the SME on scoping complex work, defining analytical frameworks, and ensuring methodological consistency.
- Bring a commercial mindset to client engagements, proactively identify opportunities for additional work.
Thought Leadership and Innovation
- Develop your own subject matter expertise within the practice.
- Manage own and the team’s development to create strong talent profiles and succession plans.
- Create thought leadership content (whitepapers, webinars, by attending events) to develop both your personal and the organisation’s brand.
- Stay abreast with market developments and trends to support the development of the Risk Advisory offer and thought leadership.
- Provide innovation, by identifying and piloting new methodologies and technologies.
- Ensure that your own and the team’s domain expertise is continuously developing.
- To manage your own development as the second most experienced team member, towards the level of the senior SME.
- Design solutions based on client requirements, with limited support.
Stakeholder, Client and Commercial Partnership
- Act as primary operational point of contact for internal stakeholders and project sponsors; provide clear status updates, issue management, and expectations setting.
- Support pre-sales scoping and level-of-effort estimates; align resources to commercial priorities.
- Support with solution design for proposals.
- Join client meetings as a subject matter expert to support pitches.
- Gather feedback from clients and stakeholders; translate insights into continuous improvements to process, tools, and training.
- Facilitate your own and the team’s ongoing knowledge sharing and learning with stakeholders e.g. local SMEs and following all projects.
- Support the Advisory’s teams go to market efforts by supporting with project ideation and case study production.
- To be the champion of Advisory in interactions with the wider BMI and Fitch Solutions teams.
- Maintain 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.
Collaboration with the SME
- Coordinate closely with the Senior Subject Matter Expert, who owns methodological authority and advanced analytics.
- Convert SME guidance into practical workflows, templates, and training for the team.
- Ensure effective separation of responsibilities: SME leads technical depth; Team Lead owns people leadership, delivery discipline, and team capability uplift.
Process, Governance, and Continuous Improvement
- Own and embed standard operating procedures for research, modelling, QA, and documentation.
- Track and report on key team metrics (throughput, cycle time, utilisation, quality scores, rework rates, stakeholder satisfaction).
- Drive continuous improvement using retrospectives and root-cause analysis; implement automation and knowledge management where feasible.
- Ensure compliance with policies, data security, and editorial standards.
- Lead a diverse and inclusive team environment, applying Fitch Solution’s DEI policies and guidelines to your work.
Resource Planning and Hiring
- Forecast capacity and skills needs; create hiring briefs and partner with HR Talent Acquisition.
- Lead onboarding for new joiners and ensure structured ramp-up with clear success metrics.
KPIs and Measures of Success
- Delivery: On-time, in-scope delivery rate; reduction in rework and cycle time.
- Quality: QA pass rate; stakeholder/client satisfaction scores; adherence to methodology.
- People: Engagement scores; retention of high performers; completion of development plans; closure of skills gaps.
- Efficiency: Utilisation and capacity accuracy; improved throughput; adoption of SOPs and knowledge assets.
- Innovation and thought leadership: Development as a subject matter expert, innovations deployed by the team.
- Commercial partnership: Contribute with solution designs, sales meetings attended and impact.
You May be a Good Fit if:
- Strong proficiency in Python — including model build, testing, and documentation
- Knowledge of machine learning techniques applied to credit risk
- Ability to independently design, develop, and validate new credit risk models with methodological support
- Direct client-facing experience, including presenting technical outputs to non-technical audiences
- Familiarity with PD, LGD, EAD modelling and/or IFRS 9 / stress testing frameworks
What Would Make You Stand Out:
- Ability to contribute to thought leadership, white papers, or market-facing publications
Why Choose Fitch:
- Hybrid Work Environment: 3 days a week in office required based on your line of business and location
- A 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
- Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
- Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
- Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
- Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
- Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community
Fitch 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.
Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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