دبي, الإمارات
تم النشر قبل 3 ساعات
تنتهي خلال 2 اشهر
الرقم المرجعي:JB1100014499
جديد
وصف الوظيفة

EDUCATION

Qualified Actuary (SOA) or Master’s degree in a quantitative field e.g. engineering, statistics, econometrics is required. FRM/CFA will be a plus.

JOB PURPOSE

Manage the risk modeling & stress testing activities which includes model development and governance to
develop scientific models, in order to analyze and predict and quantify the impact of risk affecting the bank. Such model development and computation work shall also encompass the IFRS-9 domain.

KEY RESPONSIBILITIES

Develop a sound and efficient model development process and technique, in line with the
department / Bank’s standards.
Comply with the regulatory Model Risk Management Standards.
Assess model risk and make recommendations on model use.
Responsible to assist in conducting robust and comprehensive validation of Dubai Islamic Bank’s internal and external models, in order to assess the risk impact.
Review validation reports and share/present findings with the team (owners) along with recommendations.
Develop and maintain a model inventory and ensure the inventory is complete, accurate, and consistent with the Bank’s policy and regulation.
Help establish the model validation scope, assessment of validation results, and lead internal communication to guide model redevelopment / optimization / recalibration.
Oversee and validate conceptual design & system, data & processes for models, in line with the Bank / department’s standards.
Complete ECL computation under IFRS 9, not limited to TTC PD, PIT PD, macro models, LGD, EAD, collateral haircuts in particular for wholesale portfolios. In particular, ensure that all underlying models are fit for purpose and meet model risk standards duly evidenced through relevant statistical tests and back tests.
Provide support, feedback, mentoring, and work oversight to the team.
Keep abreast of industry and regulatory developments, and evolving expectations.
Coach, train and develop team member skills by identifying training needs and assign appropriate learning platform to the team.
Review own performance and deliverables in line with the approved KPI’s to ensure meeting desired objectives.
The above modelling, computational work, governance to get approvals and putting documentation in-place, shall also encompass the IFRS-9 domain.
الكفاءات/المهارات