Job description / Role
A leading bank in Kuwait is currently expanding their risk team and they are looking to find a Portfolio Risk Manager. This role is responsible to support the Division Head in effective management of team resources within the Portfolio Risk Management unit.
Duties and Responsibilities:
• Assist Division Head to support the designing of a robust and fit-for-purpose process to generate Impairment-related data and metrics in constant engagement with stakeholders and team members.
• Assist in Program Design and implementation of the IFRS 9 impairment framework
• Engage closely with the MIS team and Business Units on developing the data requirements for implementation of the various aspects of IFRS 9 requirements on impairment.
• Develop, discuss and explain application of the appropriate methodologies and model outputs on PD, LGD and EAD and de-mystify IFRS 9 elements with the respective stakeholders / business units
• Assist in development and update of the various policies that will be required under the IFRS 9 impairment regime.
• Assist in the development and evaluation of appropriate models.
• Functionally assist the Division Head as a Risk lead and subject-matter expert on the Impairment aspects of IFRS
Candidate Profile & Requirements:
• Minimum 7-10 years of working experience in Corporate Credit Risk Modelling and analytics preferably with a banking and credit background.
• Strong working knowledge of Loss estimates such as PD, LGD and EAD
• Relevant Bachelor's degree / Masters in Statistics and Mathematics OR Engineering with Professional certifications in Quantitative Credit Risk Analytics
• Excellent knowledge in PC-associated techniques like MS Office along with an understanding of industry-standard Statistical tools/techniques for modeling credit-risk losses
About the Company
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We've helped thousands of professionals find permanent, contract and interim roles with leading global corporations, small to medium sized companies and innovative start ups. Our specialist recruitment focus includes: accountancy and finance, banking, engineering, operations, legal, IT, sales, marketing, procurement & logistics, HR and support/administration.
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