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Job description / Role
- Manage monitoring of retail and wholesale credit risk scorecards and models that are developed in-house and/or externally on an ongoing basis.
- Be the single point of contact for credit risk model monitoring across Emirates NBD Group — comprising Emirates NBD Bank, Emirates Islamic, Emirates Money, Emirates NBD Egypt and Emirates NBD KSA.
- Establish model monitoring best practices and processes within the organization.
- Develop model monitoring framework document including benchmarks, guidelines and monitoring schedule.
- Publish and present monitoring results to RISK management, Group Risk Committee and INA.
- Liaise closely with the retail and wholesale model development teams by sharing monitoring results and findings, highlighting any model performance concerns and suggesting relevant action in order to maintain high model performance standards across the organization.
Build and Lead the credit risk model monitoring team with the mandate to monitor the performance of:
- Retail Application, Behaviour, Collection and Recovery Scorecards
- Wholesale (Large corporate, Sovereign, SME etc.) rating models
- Basel II models — PD, EAD, LGD
- Long run and PIT PD models
- RAROC models
- Expected Loss models (IFRS 9 compliant)
Requirements
- Knowledge areas in Internal Rating Model Monitoring for retail as well as wholesale portfolios - PD, EAD, LGD, Other scorecards like application, collection and recovery, Basel II IRB approach for Credit Risk, IFRS 9.
- Excellent verbal and written communication abilities, including presentations to all levels of the organization.
- Ability to articulate ideas and develop recommendations.
- Presentation skills, sales skills.
- 8 to 10 years experience.
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.