Senior Associate – Analytics, Credit Risk Modelling, IFRS9

🕒 June 9

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Mashreq

WebsiteLinkedInAll Job Openings

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

• Support enhancement and implementation of Bank-wide IFRS 9 Models and Assess Risk Appetite for retail portfolio. • Review and Create various Risk and Regulatory models and recommend remedial actions • Responsible for support towards development, implementation and maintenance of credit scoring models/assessment tools, strategies and capital estimate modeling of PD, LGD, EAD and macroeconomic that apply to retail portfolios across life cycle • Develop and enhance regulatory models related to ICAAP and Stress Testing • Monitor, Document and communicate the functionality of credit risk methods & models to various stakeholders • Provide recommendations to update the model based on latest data and analysis • Prepare / support ERM on regulatory reports relating to retail credit portfolio in-line with internal & regulatory requirement • Assist in enhancement of IFRS 9 methodology, development of Basel models for the retail portfolio • Enhance and maintain model governance framework for retail portfolio • Deploy the models on decision system and work with IT for effective maintenance of the scoring related information • Identify analytical opportunity across credit life cycle – Acquisition, Portfolio Management and Collection • Required to develop data-driven analytics to monitor the asset quality and minimize the credit risk of retail portfolio • Carry out analytical projects together with policy when credit events warrant as required • Ensure timely communication of scorecard monitoring and validation along with insights and recommendation • Drive Expected Credit Loss (ECL) computation that is necessary for the impairment reporting of assets classified as amortized cost and fair value through other comprehensive income • Liaise with IT and respective parties to source and determine the data for impairment • Analyze data and perform back-testing/stress-testing of the IFRS 9 models to measure the model performance • Identify the model risk and provide solution and recommendations to the stakeholders; influence stakeholders to close the gaps in the recommendation • Perform risk analysis and risk identification of all processes conducted in the IFRS 9 ECL computation according to guidelines under the Bank-wide Risk Framework • Define new controls and key control indicators of relevant processes and remedial actions in case of ineffectiveness of existing controls • Prepare IFRS 9 model validation report for board submission and monitor all outstanding matters in the validation and report to the board • Extensive coordination and communication with all stakeholders • Manage interface with regulators, external and internal auditors in relation to models in use and validation • Provide support to Impairment committees and relevant meetings coordinating agenda, presentation packs and preparation of minutes • Oversee and coordinate submission of documents to Internal as well as External Audit and ensure action plans address audit issues raised and are closed on a timely basis • Perform maintenance and changes of policies and documentation • Set, establish, and deliver on multiple priorities in a timely manner • Contribution to the formulation of a successful growing team • Perform other duties as assigned

🎯 Requirements

• One-year of experience in risk analytics/risk modeling • One-year hands on experience in model building methodologies, implementation and compliance • Good understanding of IFRS 9 standards driving Expected Credit loss computational activities and impairment measurement in Financial Reporting • Understanding of Data Quality Management Framework • Experience/ understanding of process mapping, governance activities, writing of policies and committee management in a Risk function of a financial institution • Degree in Quantitative / Statistics / Actuarial Science / Mathematics (Finance exposure would be a plus) • Strong analytical, numerical, research and problem-solving skills • Have programming experience of SAS, Oracle, Python/R, Microsoft and web-based systems • Ability to present technical concepts for business understanding • Self-motivated person with a high level of drive, dedication and desire to excel consistently • Team player, self-starter, innovative and highly motivated

🏖️ Benefits

• Competitive salary • Flexible working hours • Professional development budget • Home office setup allowance • Global team events