ECL Valuation Specialist

Ernst & Young AE; Dubai; On-site; AED 223,200 - 334,800; Full time

Job summary

Ernst & Young AE is seeking a Credit Risk Modelling Audit Specialist in Dubai to perform external audits of credit risk models under IFRS 9. The role requires strong analytical skills, experience in credit risk modelling, and proficiency in programming languages.

The ideal candidate should have a postgraduate degree and at least three years of relevant experience. Responsibilities include conducting reviews and substantive testing, along with mentoring junior staff in an agile environment.

Qualifications

• 3+ years of relevant experience in credit risk modelling or audit.
• Experience with data extraction and model validation.
• Ability to mentor junior staff.

Responsibilities

• Act as a technical specialist on external audit of credit risk models IFRS 9.
• Conduct technical reviews of model development and validation.
• Perform substantive testing and analysis for credit risk modelling.

Skills

Credit risk modelling experience

Knowledge of regulatory requirements (IFRS9, CECL)

Programming skills (SAS, R, Python)

Project management and planning

Analytical and problem-solving skills

Education

Postgraduate degree in Finance, Economics, Mathematics, Statistics

Job description

An EY Credit Risk Modelling Audit Specialist will focus on the external audit of credit risk models IFRS 9 for MENA audit clients, delivering high‑quality assurance.

Key Responsibilities

• Act as a technical specialist on the external audit of credit risk models IFRS 9 at audit entities.
• Conduct technical reviews of model development and validation documentation, including assessment of model performance and independent replication.
• Review end‑to‑end credit risk processes, including governance, policy, and procedures.
• Perform substantive testing and technical analysis for workstreams within IFRS 9 and credit risk modelling engagements.
• Support a broad range of banking risk‑related issues, contributing to both regional and national propositions.
• Stay abreast of changing requirements in IFRS 9 and validate or build credit risk measurement models, including challenger models.

Skills and Attributes for Success

• Experience in credit risk modelling within a financial or professional services firm.
• Practical knowledge of credit risk modelling techniques and regulatory requirements (IFRS9, CECL).
• Hands‑on experience in model development, validation, and performance assessment, including PD/EAD/LGD models for retail/wholesale banking.
• Proficiency in programming languages such as SAS, R, Python.
• Strong understanding of credit risk processes, governance, and documentation.
• Excellent oral and written communication skills.
• Strong planning, project management, and networking abilities.
• Ability to communicate risk/finance requirements across functions.
• Flexibility and agility to contribute to a broad range of banking risk engagements.
• Ability to mentor junior staff and enhance model creation.
• Strong analytical and problem‑solving capabilities.

Qualifications

• Postgraduate degree in Finance, Economics, Mathematics, Statistics, or a related field.
• 3+ years of relevant experience in credit risk modelling or audit; 5+ years expected for managerial role.
• Experience with data extraction, pre‑processing, modular model development, and model validation and performance assessments.