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Job Purpose
Manage the risk modeling & stress testing activities which includes model validation and governance to develop scientific models, in order to analyse and predict risk impacts affecting the bank.
Key Responsibilities
- Responsible to conduct robust and comprehensive validation of Bank’s internal and external models, in order to assess the risk impacts.
- Develop sound and efficient model validation process and techniques, in line with the department’s standards.
- Assess model risk and make recommendations on model use.
- Develop and maintain a model inventory and ensure the inventory is complete, accurate, and consistent with the model validation policy.
- Help establish the model validation scope, assessment of validation results, and lead internal communication with stakeholders.
- Ensure validation of conceptual design & system, data & processes for models, in line with the department’s standards.
- Coach, train and develop team member skills by identifying training needs and assign appropriate learning platform to the team.
Education
Qualified Actuary (SOA) or PhD/Master’s degree in a quantitative field e.g. engineering, statistics, econometrics required. FRM/CFA will be a plus.
Work Experience
Minimum of 7-8 years of work experience in model development or model validation in the Banking industry.
Job Types: Full-time, Permanent
Ability to commute/relocate:
- Dubai: Reliably commute or planning to relocate before starting work (Required)
