Anindya Nandy

Mobile
E-Mail
Mailing Address

:
:
:

+91 9986672712
aamianindya@gmail.com
Flat # 404, SBB Springfields, Thanisandra, Bangalore - 45

Key Skills

Project Management, Validation (internal rating) and Development of Basel Capital Models and
Scorecards, Training and Mentoring Junior Resources, Data Handling, SAS (Base SAS and Macro)

Work Experience
Manager Validation at ANZ, Bangalore (July 2014 Present)
Currently responsible for delivering the scheduled validation of the existing Basel models for the
New Zealand portfolios. The work includes guiding junior resources through the data preparation
and sense check for data accuracy, analysis of the models, assigning the ratings, and creation of
the validation reports which then need to be finalized internally with the head of the department
and finally with the corresponding business units. As the person responsible, I am expected to
ensure the entire validation process of data preparation to finalization of the reports and the
ratings is done accurately and within the timeline. Apart from this, I am also expected to manage
other projects at an ad hoc basis.
Major Projects:
Annual Validation of New Zealand Mortgage Rating Models
Delivered the validation reports for the New Zealand Mortgage PD, EAD, and LGD models with one
analyst working with me. For these models, monitoring reports are available which are created by a
separate team and therefore no data preparation was required for this project. Guided the junior
resource through how to use the monitoring reports and the corresponding data to do the
validation analysis, analyzing the stability, discrimination (For PD), and calibration of the models
using SAS and Excel and assigning appropriate ratings for each of the components, analyzing the
operational aspects of the models, and creation of the validation reports in Power Point. Followed
up to finalize the reports and ratings internally and with the business unit.
Annual Validation of New Zealand Personal Loan Rating Models
Completed the validation of the New Zealand Personal Loan PD, EAD, and LGD models with one
analyst working with me. Due to unavailability of any suitable monitoring report, this project
involved data extraction from SQL and Unix databases, combining data extracted from different
sources to prepare the account level validation data, and calculation of the realized default rate,
realized exposure at default, and realized loss given default from the account level raw data.
Guided the junior resource through the data preparation, data sanity checks, analyzing the
stability, discrimination (For PD), and calibration of the models using SAS and Excel, assigning the
ratings, analyzing the operational aspects of the models, and creation of the validation reports in
Power Point. Followed up to finalize the reports and ratings internally and with the business unit.
Other Experiences:

Experienced in interviewing candidates for recruitment at analyst and associate manager

level. Have conducted both telephonic and face to face interviews. Created interview
questions on SAS and data interpretation.

Associate Manager Validation at ANZ, Bangalore (June 2012 June 2014)

Worked as an independent contributor on the validation of both existing models, and new models
being developed for different ANZ portfolios in different geographies. Have worked on both
scorecards (application, behavior) and Basel rating models, and on portfolios such as Mortgage,
Credit Cards, Personal Loan, Small Business, Overdrafts, etc. The work included analyzing the
performance of the models by studying the stability, discrimination (for scorecards and PD
models), and calibration of the models and assigning appropriate ratings for each of the
components; and also analyzing the operational aspects of them. Some projects also involved data
extraction and preparation, and performing data integrity checks. The technical tools used for the
projects were SAS and Excel.
Major Projects:
Validating Scorecards in Asia Pacific Region
Was the lead resource in validating the application and behavior scorecards used in ANZ Asia
Pacific region which includes countries like Singapore, Indonesia, Taiwan, and Vietnam. For a year,
was also responsible for ensuring all the validations (for existing models as well as new models
being developed) for the Asia Pacific region were done accurately and on time. The validations
were done for scorecards used for Credit Cards and Personal Loan portfolios. The work included
data extraction and preparation, analyzing the accuracy and adequacy of sample design for new
model development, measuring and analyzing the performance of the models by examining the
stability, discrimination, and calibration and assigning ratings, analyzing the operational aspects of
the existing models, issuing validation reports, and finalizing the reports with the business units. If
junior resources worked on these projects, then it was also my responsibility to mentor them and
review the validation exercises done by them.
Annual Validation of New Zealand Capital Models
Was a key resource in performing the annual validation of the existing Basel PD, EAD, and LGD
models in New Zealand for portfolios including Mortgage, Personal Loan, Small Business, and
Overdrafts. The work included measuring and analyzing the performance of the models, analyzing
the operational aspects of the models, issuing validation reports, and finalizing the reports with the
business units.
Validation of Application Scorecard Development for Credit Cards Australia
Development of application scorecard for Credit Cards Australia was one of the major modeling
projects in ANZ in 2013. Was the sole resource to validate the development of the model which
included ensuring the accuracy of the data extraction and preparation, analyzing the adequacy of
the sample design, ensuring the model was developed following the standard methodology with
justified explanation for any deviation, measuring and analyzing the performance of the model, and
issuing and finalizing the validation report.
Other Experiences:

Mentored junior resources and helped them gain business knowledge and technical skills.
Was instrumental in improving the internal processes and methodology for validating
models.

Analyst Model Development at ANZ, Bangalore (June 2009 May 2012)

Worked as an analyst on the development of scorecards and Basel capital models for different ANZ
portfolios in different geographies. The technical tools used were SAS and Excel.

Major Projects:
PD Model Development for New Zealand Mortgage
Was a key resource in a six people project team that developed a PD model for ANZs New Zealand
Mortgage portfolio using a new methodology that was used for the first time in a project. Project
work included data extraction and preparation flagging exclusions and account performance, sanity
checks, characteristics generation, analysis of macro-economic data, PD model building using the
new methodology, analyzing the robustness of the model, calculating the impact of the model on
CP and RWA, and documentation. Statistical tools used were linear regression and logistic
regression
Application Scorecard Development for Australia Credit Cards
Was a key resource in a four people project team that developed an application scorecard for a
certain product under ANZs Australia Credit Cards portfolio. Project work involved data extraction
and preparation flagging exclusions and account performance, sanity checks, segmentation
analysis, characteristics generation, binning of the characteristics, KGB Modeling, AR Modeling,
Reject Inference, KIGB Modeling, analyzing out of time and down the road data, and
documentation. Logistic regression was used for building the models.
Other Experiences:

As part of the induction training program in the modeling team, have provided training to
new joiners hired through campus recruitment on basics of scorecard and rating models,
calculation of CP & RWA, and hands on training on scorecard development. Have also
provided technical training to the modeling team in Chengdu during the formation of the
modeling team in China.

Academic Qualification

M.Sc in Statistics from IIT Kanpur in 2009

B.Sc with Honors in Statistics from Calcutta University in 2007

Personal Information
Hobbies and Interests:
Marital Status: Married

Watching movies, reading literatures, playing indoor games (chess,

cards), social networking, etc.