Associate Model Validation

ADIB Group; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

A leading company in the UAE is seeking an Associate Model Validation to support the MRM team with model governance and validation projects. The ideal candidate will have strong quantitative abilities, robust analytical skills, and excellent communication skills. This position is exclusively for UAE Nationals, offering an opportunity to work closely with stakeholders on model risk issues while enhancing governance practices in the organization.

Qualifications

• Strong problem solving and analytical skills are essential.
• Highly self-motivated with rapid learning capabilities.
• Relevant degree in Quantitative fields is required.

Responsibilities

• Support MRM team with model validation projects and governance.
• Monitor adherence to the organization's model risk appetite.
• Develop communication plans in collaboration with stakeholders.

Skills

Communication

Analytical skills

Problem-solving

Quantitative skills

Education

Relevant degree in Quantitative Finance, Mathematics, Statistics, Actuarial Science

Tools

Microsoft Office Suite

R

Python

SAS

Job description

Description

Role: Associate Model Validation

Location: Abu Dhabi

Role Purpose:

• This position is responsible for supporting the MRM team with the day-to-day departmental activities which may include enterprise-wide exercises aimed at assessment of model risk supporting model governance activities and independent model validation.
• The role will include supporting the MRM deal with the tracking and delivery of model validation projects and following up on model governance aspects.
• The role requires foundation-level analytical capabilities communication and interaction with all key stakeholders within the bank.
• The role requires robust quantitative skills independent thinking and articulate communication skills to interact with a diverse range of stakeholders within Group Risk.
• The role holder will be required to have a keen eye for detail and a strong appetite to learn and be tested in different areas.
• A sound work ethic and desire for self-development are essential for success.

Key accountabilities / responsibilities:

Providing proactive support to MRM team on all required matters. Over time and with appropriate training the role holder should assist with:

• embedding a culture of improved risk decision making and accountability
• implementing MRM initiatives and tracking delivery
• supporting with the preparation of materials and analyses for committee reporting and risk oversight purposes
• learn the principles of and provide support across key areas of MRM including model inventory management supporting model validation following up on model risk issues and findings.
• Monitoring adherence to the organizations model risk appetite
• Liaison with other internal and external stakeholders
• Developing corresponding communication requirements for new and updated policy documents and working with communication partners in developing communication plans
• Operating a MI and reporting mechanism to demonstrate governance of policy and control frameworks awareness of compliance against risk appetite and reporting
• Enhancing and executing ongoing model monitoring and model validation codes and reports
• Regular review of the model risk inventory support in identification of models updating the model risk tiering and coordinating with stakeholders to ensure timely submission model risk reports and monitoring results.
• Following up with governance aspects of model risk management activities and model lifecycle components

Specialist skills / technical knowledge required for this role (education & experience):

• Excellent Communication skills.
• Highly self-motivated and ability to learn rapidly
• Strong problem solving analytical (including qualitative analysis) research and quantitative skills
• Computer skills (e.g. Microsoft Office Suite R or Python or SAS)
• Relevant degree in Quantitative aspects such as Quantitative Finance Mathematics Statistics Actuarial Science etc.
• This position is for UAE Nationals only.

Required Experience:

IC