Job Details
Type: Full Time
Post Date: 30+ days ago
Industry: Management
Job Description
Manager – Model Validation Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.
About the business area:
ADCB prioritises a disciplined approach to risk, recognizing its fundamental importance to the Bank’s long-term organizational and financial resilience.
Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework.
Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energies risk awareness among front office personnel and decision-makers.
Continuously tuning the risk organization in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.
We are actively seeking an ambitious professional to join our Risk Management team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking.
In this role, your key responsibilities include:
.-Model Validation: Assess the appropriateness and construction of models with respect to their current or planned use in order to determine the level of model risk associated, its assumptions, mathematical implementation, the underlying data and its system implementation Review appropriate model risk assessments consistent with the model’s risk content and intended usage in order to produce a validation report according to the policy and format including identification of model limitations, assumptions, conditions for model use and level of model risk Obtain and provide information on models, communicate model risk issues and suggestions during the validation process, reporting on findings to ensure effective two-way communication with the Model Owners/Developers/Users set expectations.
-Policies, Processes, Systems and Procedures: Adhere to all relevant organizational and departmental policies, processes, standard operating procedures, and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders.
Self-Management: Manage self in line with the Bank’s people management policies, procedures, processes, and practices to ensure adherence and to maximize own contribution to business performance.-
Customer Service: Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Bank’s required levels of service in all internal and external customer interactions.
Skills
The ideal candidate should have the following experience:
-At least 6 years of experience in quantitative risk management with an excellent understanding of Basel II/III standards.
-Master’s Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar).
-Prior experience developing or validating risk models from end to end. Advanced programming skills using statistical/mathematical software.MS Office (Word, Excel, PowerPoint, Outlook, Access)
Ras Al Khaimah is one of seven emirates that joined to form the United Arab Emirates on December 2, 1971, with Ras Al Khaimah joining the UAE on February 10, 1972. The other six emirates are Abu Dhabi, Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah with Abu Dhabi being the capital of the UAE. The UAE has its own permanent constitution that illustrates the basic rules of the political system as well as the federation’s components and goals. The emirate is governed by a local government under the leadership and guidance of Supreme Council Member and Ras Al Khaimah Ruler, His Highness Sheikh Saud Bin Saqr Al Qasimi, and Crown Prince Sheikh Mohamed Bin Saud Bin Saqr Al Qasimi. Originally known as Julfar, Ras Al Khaimah’s history dates back several millennia with it being inhabited for as long. Over time, several historical and archaeological sites have been discovered throughout the emirate – dating from different time periods, including remnants of the Umm an-Nar Culture (3rd millennium BC). As recently as October 2012, ancient graves were found in the Emirate Today, the emirate boasts many heritage and tourism sites and is also considered the most fertile agricultural land amongst all the emirates. Thus, in addition to an active tourism sector, Ras Al Khaimah also had a vibrant industrial sector. With many widespread development plans in the pipeline, Ras Al Khaimah has an ambitious vision and looks forward to a promising future teeming with development and excellence.
View All JobsJoin Our MuslimJobs Community
Join our community of professionals looking to grow in our careers and in our deen