Assistant Manager – Model Risk Management

🕒 June 8

🇪🇬 Egypt – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

🔒 Insurance

👻 Ghost score 43%

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Logo of Mashreq

Mashreq

1001 - 5000 employees

Founded 1967

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Mashreq is a leading financial institution based in the UAE, offering a wide range of banking services including personal, corporate, and investment banking. The bank focuses on providing innovative financial solutions to its customers and has a strong digital banking presence.

📋 Description

• Assist in end-to-end management of model risk within Mashreq group • Focus on model validation and related activities • Work on PD, EAD, LGD and Macroeconomic models from Credit Risk • Work on VaR, PSRE, CVA and FRTB models from Market Risk • Assist in maintaining enterprise-wide model validation standards • Assist in managing model risk governance issues, including integrity, data validation and related modeling activities • Measure key model performance metrics and risk capital • Prepare model performance reports for senior stakeholders within the bank • Interact regularly with Wholesale Risk Management, Retail Risk Management, Market & Operational Risk Management, Group Finance and CAD, Audit & Compliance, and Business Units

🎯 Requirements

• 3+ years of experience in the BFSI sector with understanding of risk management and risk quantification processes • Master’s in Statistics, Mathematics, Operations Research, Engineering or related fields, or Bachelor’s degree with at least 2 extra years of experience • Knowledge of Credit, Market, Operational and other risk types • Understanding of model development and validation processes • Strong quantitative skills • Strong written and communication skills • Hands-on experience with SAS, Python and R for model development/validation • Knowledge of Microsoft Office tools including Excel, PowerPoint and Word • Professional qualification such as FRM is a plus • Team player, self-starter, innovative and highly motivated

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