Senior Risk Management Specialist Market & Model Risk

Islamic Development Bank

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.