Mashreq - Senior Manager - Model Risk Management

Senior Manager Model Risk Management.

• The primary role of the incumbent is to conduct and manage the end-to-end validation and governance of models across the bank, in line with regulatory requirements.
• The role requires regular coordination with stakeholders, management of the Model Oversight Committee, maintenance of the model inventory, and supervision / training of junior team members.
• The incumbent will work closely with the Head of MRM to ensure all model risk related regulatory requirements are met.
• Manage and conduct validation / governance activities related to models used across the bank, including Credit, Market, Operational, AML, Marketing and other non-risk models.
• Examples of models include : PD, EAD, LGD, Stress Testing, IFRS9, VaR / PSRE / CVA etc.
• Maintain the Model Inventory and assist in regular reporting of model risk.
• Prepare responses to questions / findings from Audit and / or Regulators.
• Manage stakeholder interaction with model developers and business owners during the model life cycle.
• Prepare and / or review validation reports to ensure they meet regulatory guidelines and best industry standards.
• Review model validation reports published by external vendors to ensure compliance to Model Risk Management policy.
• Review adherence to Model Risk Management policy and regulatory requirements for each model listed in the inventory.
• Active participation in activities related to Model Oversight Committee.
• 5-8 years of experience in the BFSI sector with understanding of risk management and modelling processes.
• Experience should specifically be in a quantitative role in either model development or validation areas.
• Bachelor's in Statistics, Mathematics, Quantitative Finance, Engineering, or related fields.
• Practical experience with handling large datasets and building / testing models using Python, R, and SAS.
• Good knowledge and understanding of a variety of model development and validation testing techniques covering risk and non-risk models.
• Excellent writing and communication skills in order to produce / finalize high quality validation reports and present them to various types of audiences.
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time.
• Outstanding interpersonal skills, to manage relationships with various stakeholders including model developers, business users, external consultants etc.
• The leading financial institution in MENA. While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first.

(ref : iimjobs.com)