Manager Model Validation and Governance & IFRS 9

Company: XR Corporation Management Consultancy

Our client is a leading financial institution in UAE. The job is a full-time position at middle-management level reporting to the Senior Manager primarily responsible for assisting the Senior Manager Model validation and governance in the validation of models related to credit risk, market risk, ALM and operational risk to ensure the overall risk measurement soundness. This role includes collaboration with the model development teams to ensure models and methodologies are appropriate given overall framework and regulatory requirements. In addition, the candidate should be able to assist in end to end implementation of IFRS 9 impairment modelling including economic forecasting and stress testing.

Responsibilities:

• Assist Senior Manager to conduct robust and comprehensive validation of the financial institution internal and external models.
• Assist Senior Manager to develop sound and efficient model validation process and techniques
• Assist Senior Manager to assess model risk and make recommendations on model use. Generate validation reports and present findings and recommendations to model owners.
• Assist Senior Manager to develop and maintain a model inventory and ensure the inventory is complete, accurate, and consistent with the model validation policy.
• Assist Senior Manager to help establish the model validation scope, assessment of validation results, and lead internal communication with stakeholders.
• Ensure accuracy and completeness of archived information and related documentation to allow independent third-party review of the validation work performed.

Minimum qualification, Desired Skills and Experience

• Bachelor’s degree in Applied Math, Applied Statistics, Applied Physics, Engineering, Computer Science.
• 2+ year of modelling experience in market risk and credit risk preferred with min. 5 years of experience in credit risk, market risk and/or operational risk
• Sound understanding of various modelling techniques and comfortable to conduct various tests
• Knowledge of financial risk management
• Excellent written and presentation skills to provide advice and explanation to various users of the market risk, credit risk and liquidity risk models
• Proficient programming skills, such as C++,SAS, Matlab, SQL, R.
• Knowledge of stochastic calculus and probabilities is preferred
• Other industry certifications or credentials will be pluses (e.g. CFA, FRM/PRM).

Job Type: Full-time

Required education:

• Bachelor's

Required experience:

• credit risk, market risk or operational risk: 5 years
• model validation and governance: 2 years

Required language:

• English

Required license or certification:

• of IFRS 9

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