AVP Credit Risk Analytics

Tandem Search

Dubai, UAE

Ref: KP709-2297

Job description / Role

Employment: Full Time

The purpose of Group Risk Management unit is to ensure sound risk management practices in the organization and meet regulatory requirements. The unit has several deliverables that include Basel II compliance, Central bank reporting, ALM, Internal ratings and embedding them in business processes, AML & compliance, operational loss reporting, risk reviews etc.

The prime responsibility of AVP Credit Risk Analytics is to manage and support the development, validation, implementation and maintenance of credit risk models. Manage internal implementation of credit bureau specific processes, practices, trainings and any related IT developments and contribute towards there conceptualization, design, execution and internalization. Perform reviews of any new initiative that is undertook by any team across the bank for which an internal risk assessment is deemed necessary from a credit risk perspective. IFRS 9 methodology and Implementation is also to be looked in totality and is one of the major responsibilities of AVP Credit Risk Analytics.

Main tasks:
- Interact with Internal clients to understand their needs in terms of credit risk tools and ensure that those are made available to them in a timely manner.
- Work with cross-functional teams spanning across the Group to plan and oversee quantitative and quantitative credit risk models for corporate banking portfolios.
- Deliver documentation of all models as per Basel II standards and communication of model results.
- Effective implementation of IFRS 9 methodology to estimate provisions for the entire wholesale portfolio.
- Manage development and execution of efficient model implementation strategies in corporate.
- Use scorecards to help internal client understand the inherent risk and provide further clarity towards management of risk.
- Introduce team members to modern model development techniques and ensure model development oversight for all corporate models of the Group.
- Ensure that approaches used to build internal models and scorecards are statistically sound and compliant with the regulatory criteria (i.e., Basel II) and practical for implementation.
- Manage the planning and implementation of the internal models and scorecards in the IT systems and streamline the usage of models.
- Build and maintain the IT infrastructure (tools / SAS and databases) required to meet the needs of model development, validation and implementation.
- Manage Corporate Credit Risk team, introduce them to modern model development techniques and ensure model development oversight for all corporate models across the Group.
- Set, establish, and deliver on multiple priorities in a timely manner.
- Validate internal rating models and ensure predictive power of the models on a regular basis.
- Coordinate with IT to ensure maintenance and upgrade of internal rating systems.
- Relay of critical information received from bureau to relevant stakeholders.
- Discuss impact, resolution strategy and future course of action
- Regularly track developments and seek update on planned action items and regularly update management.
- Seek closure and future enhancements of implemented solutions

Key Results:
- Oversee the internal credit risk models for corporate portfolios.
- Drive usage of credit risk models for various portfolio management strategies across the Bank.
- Use advanced modeling techniques to develop and refine internal models and scorecards.
- Ensure data quality, and timely implementation of scorecards and models.
- Team/Project Management.
- Maintain, monitor and validate internal rating models and systems.
- Credit Bureau Implementation.

Internal / External Relationships and Committee Memberships
- Business and Product - model development, variable selection.
- Teams - discussions and guidance on internal rating system usage.
- GCD - interaction during all stages of model development, policy alignment, strategy development and scorecard monitoring.
- IT - interaction on systems & data related requirements.

Problems / Decisions and Desired Outcome
- Model Performance and Strategy Performance - validate the performance of internal models and strategies and if necessary calibrate these on regular frequency to maintain/improve predictive power and/or any other desired objective.
- Credit Bureau Implementation - identify stakeholders and co-ordinate with them for an effective solution which may involve - establishing a new process, new IT development, modifying existing practices and/or policies or simply man hours of a nominated personnel to perform a specific task.
- External / Central Bank Validation Team - documentation of internal rating model & systems to the satisfaction of validation teams and regulators.

Job Dimensions
- Internal credit risk models - resolve issues pertaining to models, monitor & update them.
- Model based strategies - resolve issues pertaining to model based strategies.
- Credit Bureau - manage and co-ordinate implementation of credit bureau.
- Team Management - manage team of 1 credit risk manager.
- IFRS 9 - devise and oversee the IFRS 9 implementation. Ensure that complete Wholesale portfolio is provisioned based on IFRS 9 standard.

Requirements

- Knowledge areas: Internal Rating Model Development and Validation, IFRS 9 implementation.
- Technical / Functional Skill Areas: SAS, SQL, Statistics.
- Educational Qualifications: Masters Degree in Math, Statistics, Physics, Engineering

Desirable:
- Managerial / Leadership Skill Areas: excellent verbal and written communication abilities, ability to articulate ideas and develop recommendations, presentation skills.
- Work experience: 5-7 years.
- Certifications: FRM.

About the Company

Building businesses, changing lives

At Tandem, we’ve built a vast network of top-tier professionals across the globe. We empower businesses to thrive by delivering unmatched talent solutions. With our global reach, collaborative approach, and unwavering commitment to excellence, we drive transformative growth and shape exceptional teams.

Who we are.

We are a team of industry experts, driven by a passion for innovation and excellence. We are dedicated to providing unique talent solutions and nurturing collaborative partnerships that redefine success.

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Vice President salaries in UAE

Average monthly compensation
AED 80,000

Breakdown available for industries, cities and years of experience