This position is responsible for supporting the MRM team with the day-to-day departmental activities, which may include enterprise-wide exercises aimed at the assessment of model risk, supporting model governance activities, and independent model validation. The role includes supporting the MRM in tracking and delivering model validation projects and following up on model governance aspects.
Ready to apply for roles like this?
Unlock the company name and direct application link. Subscribers get instant access to fresh jobs across Dubai, Abu Dhabi and Riyadh, many with visa support.
Unlock employer & apply directly
Location
United Arab Emirates
Key Responsibilities
- Providing proactive support to the MRM team on all required matters.
- Embedding a culture of improved risk decision-making and accountability.
- Implementing MRM initiatives and tracking delivery.
- Supporting with the preparation of materials and analyses for committee reporting and risk oversight purposes.
- Learning the principles of MRM, including model inventory management, supporting model validation, and addressing model risk issues and findings.
- Monitoring adherence to the organization’s 'model risk appetite'.
- Liaising with other internal and external stakeholders.
- Developing corresponding communication requirements for new and updated policy documents and working with communication partners in developing communication plans.
- Operating a MI and reporting mechanism to demonstrate governance of policy and control frameworks, awareness of compliance against risk appetite, and reporting.
- Enhancing and executing ongoing model monitoring and model validation codes and reports.
- Regularly reviewing the model risk inventory and supporting the identification of models.
- Updating the model risk tiering and coordinating with stakeholders to ensure timely submission of model risk reports and monitoring results.
- Following up with governance aspects of model risk management activities and model lifecycle components.
Requirements
- Foundation-level analytical capabilities, communication, and interaction with all key stakeholders within the bank.
- Robust quantitative skills, independent thinking, and articulate communication skills to interact with a diverse range of stakeholders within Group Risk.
- Keen eye for detail and a strong appetite to learn and be tested in different areas.
- Sound work ethic and desire for self-development are essential for success.
- Excellent communication skills.
- Highly self-motivated and ability to learn rapidly.
- Strong problem-solving, analytical (including qualitative analysis), research, and quantitative skills.
- Computer skills (e.g., Microsoft Office Suite, R or Python or SAS).
- Relevant degree in Quantitative aspects such as Quantitative Finance, Mathematics, Statistics, Actuarial Science, etc.
- This position is for UAE Nationals only.
