Job closed
Job description / Role
Head of Group Model Validation - Group Capital and Portfolio Risk Governance
- To lead the management of model validation function, including prioritizing the review of existing and new IRB models
- To train I coach senior management on IRB concepts required to support IRB approach
- To author model framework or standards in line with regulatory requirements or international standards
- To conduct technical training and implement model framework and standards
- To be authorized to endorse a model as Fit-for-Purpose (FFP) within the scope of the model validation standards
- To highlight modelling issues that are not consistent with IRB requirements
- To perform annual IRB model review and recommendations
- To provide technical advice to portfolio analytical models (e.g. Economic Capital Modelling)
- To review appropriateness of analytical models used in stress testing and ICAAP
- To lead technical discussion with Group Risk Model Committee
- To update GRC, BRC, EXCO or other risk committees on technical assessment and application
- To represent Group at technical events in Central Bank, external stakeholders to discuss technical issues
- To lead, manage and train technical staff in more advanced risk techniques
- To support the revised IFRS9 reporting standards using Expected Loss
Requirements
- Accurate and meticulous in delivery of work
- Focus on timelines, while maintaining quality
- Patient, while result and achievement driven
- Good listener and perceptive
- Experienced people manager (5 years)
About the Company
Cobalt is part of a leading international recruitment provider with offices in Europe, Singapore and New Zealand. Cobalt offers high quality HR consultancy, executive search, contingency recruitment and Emiratization services in Dubai and the wider MENA Region. It works extensively within the fields of Construction & Engineering, Banking & Finance and HR & Business Support.
Contributing to the regions development, we play a key role in identifying and attracting the very best talent to ensure the regions potential is realized. We also understand the importance of Emiratization in ensuring the long-term success of the UAE economy and have therefore pro-actively developed a strong network of UAE Nationals within our specialist areas.