Company Description

Join the UAE\'s largest bank and one of the world\'s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.



JOB PURPOSE:

The job holder shall be a key player in enterprise wide model risk management at group level, i.e., design and implementation of a consistent and robust model risk governance framework across the organization to help ensure full compliance with regulatory requirements, with guidance and requirements for the three lines of defense across the model lifecycle. The job, besides having sound technical knowledge of model lifecycle, is required to be adept at management of internal and external stakeholders. The job holder should have a combinaison of a strong quantitive background, advanced knowledge of model lifecycle management techniques and related regulatory requirements/relevant banking experience. The person would report to the Head of Policy & Quality Assurance.

KEY ACCOUNTABILITIES:

This role would consist in working closely with internal teams to execute activities leading to fulfillment of related to the Model Risk Management policies and procedures. The primary responsibilities, among other things, would be to:

• Aggregate model risk assessment, model risk exposure profile versus appetite and reporting across the organization;

• Management of aggregate model Inventory
• Produce timely model risk dashbaords
• Update to the MRM Policy and of any relevant guidelines and documentation.
• Planned review of model artifacts: Challenge modelling documentation independent from Validation in context of MRM policy

• Annual review of model risk policies and procedures, in between amendments as requiredTracking of Model risk committee action items
• Work towards enhancement of model risk management technology platform and capability

• Adhere to the Policy and Procedures, Policies and Code of Conduct of the bank

#LI-SD1

Qualifications

Minimum Qualification

• Master degree in finance, economics or quantitative science (statistics, mathematics, physics) from a premier institution, or equivalent professional experience and/or qualifications.

Minimum Experience

• Minimum 7+ years proven experience in banking and/or consulting
• 5+ years experience across model development, validation, model risk governance domains
• Strong experience in model risk management aspects for traded risk (market risk, counterparty credit risk), IRRBB, Liquidity Risk domains
• Knowledge about the regulatory framework and CBUAE Model Management Standards & Guidance
• Good analytical skills
• Experience in producing dashboards, reporting results of analysis in clear written form, and in presenting results
• Excellent interpersonal & communication and organizational skills (verbal and written), and Team oriented.
• Should have advanced level knowledge of Python, AI/ML Modelling techniques and Evaluation Criteria[s].

Good to Have Experience

• FRM or PRM certification would be an advantage.

First Abu Dhabi Bank