Manager - Model Validation and Governance
Abu Dhabi Commercial Bank
Employer Active
Posted 12 hrs ago
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Nationality
Any Nationality
Gender
Not Mentioned
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
In this role, your key responsibilities include:
To conduct and complete all validation procedures and validate models under the purview of the Model Validation Unit (MVU) to ensure the model risk is correctly appropriately managed according to ADCB’s Model Risk Management Policy and Model Validation Guidelines and comply with regulatory requirements set forth by the Central Bank of the UAE (CBUAE).
Assess the appropriateness and construction of models with respect to their current or planned use in order to determine the level of model risk associated, its assumptions, mathematical implementation, the underlying data and its system implementation.
Obtain and provide information on models, communicate model risk issues and suggestions during the validation process, reporting on findings to ensure effective two-way communication with the Model Owners/Developers/Users set expectations.
Review appropriate model risk assessments consistent with the model’s risk content and intended usage in order to produce a validation report according to the policy and format including identification of model limitations, assumptions, conditions for model use and level of model risk.
Adhere to all relevant organizational and departmental policies, processes, standard operating procedures, and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders.
The ideal candidate should have the following experience
Bachelor’s/Master’s Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar) is a mandatory requirement.
A minimum of 6 years of experience in quantitative risk management with an excellent understanding of Basel II/III standards.
Prior experience developing or validating risk models from end to end is a mandatory requirement.
Knowledge of advanced programming skills using statistical/mathematical software.MS Office (Word, Excel, PowerPoint, Outlook, Access).
Company Industry
- Banking
- Financial Services
- Broking
Department / Functional Area
- Administration
Keywords
- Manager - Model Validation And Governance
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