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Manager, Model Monitoring

National Bank of Dubai

Posted on July 4, 2018

6 - 7 years Dubai - United Arab Emirates

Any Nationality

Opening 01

Job Description

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Grade: P
Job Purpose:
The prime
responsibilities of Manager, Model Monitoring will be:
Obtain analysis data and information from disparate sources,
link and analyze the information, perform data integrity checks and conduct
Perform model monitoring as per the adopted monitoring
methodology and share the results with relevant stakeholders;
Built and maintain necessary IT infrastructure (tools, SAS
and databases) required to meet the needs of model monitoring, validation and
Ensure techniques and approaches used to monitor internal
models and scorecards are statistically sound and compliant with any regulatory
criteria as well as practical for implementation;
Communicate with wholesale and retail model development team
to share monitoring results, identified shortcomings and suggested enhancements
to credit risk measurement through scorecards and models;
Liaise with the business and credit policy teams to
prioritizing specific areas on non-performance /shortcoming which can be
addressed through monitoring and subsequent corrective actions with respect to
the underlying models/ scorecards
Keep relevant documentation on model monitoring results and
model monitoring standards updated.
Main Task:
the Monitoring Schedule updated incorporating new models to be monitored with
clear timelines for sharing and publishing results.
analysis and data from several sources, link and analyze the information,
perform data integrity checks and conduct analysis.
model monitoring according to monitoring guidelines and share results to
appropriate stakeholders.
and maintain adequate infrastructure (SAS codes, databases and other tools)
required to meet monitoring and audit needs
stablish and deliver on multiple priorities in a timely manner.
with development teams to share monitoring results, identified shortcoming,
shifts in population, discrimination and calibration, as well as suggested
enhancements to credit risk measurements through scorecards and models.
with internal customers on necessary requirements, including SAS codes for
creation of data base, scoring, default tagging.
from model development specific information regarding delivered models, such as
benchmarks for monitoring and development period, OOT validation period etc.
model inventory updated.

Banking / Financial Services / Broking

Finance / Treasury

Desired Candidate Profile

Bachelor s Degree in Economics Math Statistics Physics or
Engineering Essential
Minimum 6 years of experience in a quantitative credit risk
role SAS Must
Knowledge & Skills:
Knowledge of Statistics Mathematics and preferable
Model monitoring for retail and wholesale portfolios,
applications, behaviors, collections, recoveries and other scorecards, Basel 11
IRB approach for credit risk IFRS9
Understanding fo retain and corporate loans portfolio
modelling, internal rating model development PD, EAD, LGD, Basel11 IRB
approach for credit risk, IFRS9, stress testing and regularity reporting
requirements, CBUAE s banking regulations and international stress testing frameworks,
able to handle macroeconomic time series data and sources. Knowledge of IFRS9
impairment testing norms would be highly desirable.
SAS, Excel, SQL, Stats and Math s


Sas Auditing Sql Econometrics Stress Testinglesale Publishing Data Integrity Irb It Infrastructure


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National Bank of Dubai

Emirates NBD was formed in the year 2007 with the merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD). Headquartered in Dubai, Emirates NBD is one of the leading banking groups in the Gulf region specializing in wealth solutions, banking solutions, mobile banking , etc., for individuals, corporates, and businesses. Over the years it has earned several awards and accolades of which some of the recent ones are listed below:

• Won global recognition at RBI 2018 Global Awards, 2018;

• Named Best Retail Bank in the Middle East by The Asian Banker, 2018;

• Named The Banker’s ‘Bank of the Year – UAE’ for the third consecutive year in 2017;

• Named Banking Company of the Year by Gulf Business, 2017; and many more.

The banking institution’s vision is to become a leading and globally recognized financial services provider. Towards this end, it is committed to consistently making its customers’ lives simpler by offering solutions that help accomplish their financial objectives.

As an employer, Emirates NBD is committed to the personal and professional growth of its people. In fact, the institution firmly believes that, both the growth of its employees and business goes hand in hand. It offers excellent salaries, compensation packages, and perks along with numerous learning and development programs for continuous growth of its employees.

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