Mashreq - Lead - Model Developement / Risk Management

Job Purpose : Wholesale Risk Model result & Delivery Responsibilities :

• Support the data preparation and model development, validation, and lifecycle management of Wholesale Rating Models.
• Support model development and validation including :
• Corporate / Wholesale Rating Models including Large Corporate, Mid Corporate, SME, Sovereign, FI, HNWI, Project Finance, and Specialized Lending.
• Explore new approaches for rating model development for low default portfolios.
• Master Rating Scale (MRS) calibration.
• Wholesale Model Monitoring.
• Outline the goals of model monitoring, considering factors like accuracy and other relevant metrics based on the model purpose.
• Determine the expected performance of the respective models on historical data.
• Implement monitoring tools to continuously assess model performance.
• This includes monitoring input data quality, predictions.
• Communicate the model performance to relevant stakeholders to ensure the prompt attention to potential problems.
• Regularly review and improve the model performance process based on the feedback, change in underlying data and evolving business requirement.
• Data Management.
• Lead end-to-end data lifecycle management for model development, including sourcing, profiling, transformation, and documentation.
• Identify data requirements for model development.
• Coordinate with IT and data engineering teams to streamline data pipelines required for model Skills and Experience :
• Strong foundation in Statistics and Mathematics.
• At least 4-5 years of banking experience, out of which 1-2 years are spent in related areas.
• Strong analytical skills and knowledge on Financial Risk Management.
• At least 2-3 years of banking experience in related areas.
• Excellent computer skills (especially R, Python, SAS, Excel, Visual Basic, SQL & Oracle).
• Postgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM.
• Experience of developing teams in a multi-jurisdictional and matrixed organization.
• Understanding and experience of BCBS frameworks, CBUAE regulations relating to model management standards.

(ref : iimjobs.com)