Senior Risk Management Specialist

tendersglobal.net

The purpose of the job is to manage the implementation and execution of the bank’s model risk management framework. This includes participating in the implementation of model risk management policies and procedures, performing ongoing model risk monitoring, undertaking model validation, identifying & reporting on model risk, and maintaining a model inventory.

 Accountabilities:

  • Formulate and quantify model risk appetite.
  • Develop and maintain the Model Risk Management policy, management directives, procedures, and guidelines.
  • Maintain and updated the model risk monitoring tools, systems, and methodologies to ensure on-going quality of model risk management processes.
  • Independently review financial and risk models in use by the Bank and periodically perform independent model validation of these models.
  • Perform independent model risk assessment and model performance monitoring in accordance with the defined model risk appetite and the pre-defined model performance targets.
  • Review model development and re-development/re-calibration proposals from model owners.
  • Perform periodic procedural compliance on model development and management process within the Bank along with review of adequacy and comprehensiveness of model documentation with the approved policy, directives and guidelines and highlight deviations with recommendations to achieve compliance.
  • Undertake ongoing management of model tiering, perform model risk assessments, and maintain model inventory, model documentation, model performance reports and model validation reports.

Operational Excellence & Knowledge Share:

  • Provide technical guidance and review the work delivered by less experienced team members.
  • Monitor the effective implementation and adherence to respective risk management policies, procedures, and controls so that all relevant procedural / legislative requirements are fulfilled.
  • Keep abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
  • Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.

Academic and professional qualifications:

  • Bachelor’s Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar).
  • Professional certifications like CFA/ PRM/ FRM/ CQF would be preferred.
  • Advanced programming skills using statistical/mathematical software.
  • Proficiency in SAS, MATLAB, R, Python, VB or other statistical modeling. Software and database management languages such as SQL Database.
  • Minimum 8 years of relevant experience in a financial modelling or risk management function, of which at least 3 years in Model Risk, preferably in a Multilateral Development Bank.

Skills & Necessary Knowledge:

  • Risk Assessment and Risk Quantification skills
  • Quantitative Analytical skills
  • Asset Valuation Techniques
  • Familiarity with External Rating Methodologies
  • Governance, Risk and control
  • Islamic Finance
  • Stress Testing
  • Analytical Thinking
  • Problem Solving
  • Attention to detail.
  • Stakeholder Management
  • MS Office

Languages:

  • English – Mandatory
  • Arabic – Preferred
  • French – Preferred

Source:  https://www.isdbcareers.com/careers/isdb/VacancyDetail.aspx?VacancyID=168567

To help us track our recruitment effort, please indicate in your cover/motivation letter where (tendersglobal.net) you saw this job posting.

Share

Recent Posts

Aktion: Rückzahlung des Weihnachtsgeldes – geht auf uns Krankenpfleger (m/w/d) – Intensivpflege in Berlin

Job title: Aktion: Rückzahlung des Weihnachtsgeldes - geht auf uns Krankenpfleger (m/w/d) – Intensivpflege in…

1 minute ago

Medical Field Service Engineer, X-ray Imaging

Job title: Medical Field Service Engineer, X-ray Imaging Company TRS Consulting Job description Medical Field…

35 minutes ago

Consultant & Analyst Energiewirtschaft (m/w/d)

Job title: Consultant & Analyst Energiewirtschaft (m/w/d) Company Rabot Energy Job description ! ​ Unsere…

51 minutes ago

Inbound Optimisation Analyst

Job title: Inbound Optimisation Analyst Company Reiss Job description What's the role about?As part of…

1 hour ago

Senior Global Real Estate Management Specialist

tendersglobal.net Job Description As Global Real Estate Management Specialist/Senior Global Real Estate Management Specialist, you…

2 hours ago

South-South Coordination and Project Support Analyst

tendersglobal.net Background  Diversity, Equity and Inclusion are core principles at UNDP:  we value diversity as…

2 hours ago
For Apply Button. Please use Non-Amp Version

This website uses cookies.