Multiple Roles ECL Valuation Specialist MENA Region

FP&A; Dubai; On-site; AED 180,000 - 300,000; Full time

Benefits offered by this job

Continuous learning

Transformative leadership

Diverse and inclusive culture

Success as defined by you

Job summary

EY is seeking a Credit Risk Modelling Audit Specialist to join the Assurance ECL Valuation team in the UAE. You will audit credit risk models (IFRS 9) for MENA clients, applying technical expertise to deliver high-quality assurance across banking institutions.

Key responsibilities include reviewing model development, governance, and validation, and performing substantive testing. You will stay current with IFRS 9 requirements and mentor junior staff as needed.

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 of relevant experience for managerial role.

Responsibilities

• Act as a technical specialist on the external audit of credit risk models (IFRS 9).
• Conduct technical reviews of model development and validation documentation.
• Review end-to-end credit risk processes including governance policies and procedures.
• Perform substantive testing and technical analysis for IFRS 9 and credit risk modelling engagements.
• Support banking risk-related issues across regional and national propositions.
• Stay updated on IFRS 9 changes and validate or build credit risk measurement models.

Skills

Credit risk modelling

IFRS 9 CECL

Model development & validation

Programming: SAS

Programming: R

Programming: Python

Governance & documentation

Education

Postgraduate degree in Finance/Economics/Math/Statistics or related

Tools

SAS

R

Python

Job description

From small businesses to some of the worlds best-known brands our clients count on reliable financial statements information and processes to inform their on-going strategies. More than ever business is about interpreting and reacting to complex data - and our clients look to us for advice and services they can trust every time. You will use your professional skills and experience to make it happen across a broad range of industries and responsibilities.

Our tailored external audit services help build trust and confidence through transparency clarity and consistency. We are 79000 professionals based worldwide across 150 countries. Audit services involve reporting on the fairness in all material respects with which a clients audited financial statements are presented in conformity with the applicable financial reporting framework.

The Opportunity

EY is seeking a Credit Risk Modelling Audit Specialist to join our Assurance ECL Valuation team focusing on the external audit of credit risk models (IFRS 9) for our MENA audit clients. This is a unique opportunity to work with leading financial institutions leveraging your technical expertise to deliver 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

Technical Skills:

• Experience in credit risk modelling within a financial or professional services firm.
• Practical knowledge of credit risk modelling techniques and regulatory requirements (IFRS 9 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 or Python.
• Strong understanding of credit risk processes governance and documentation.

Soft Skills:

• 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

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

What we look for

We are interested in entrepreneurs who have the confidence to develop and promote a brand-new strategic vision both internally and externally. You will be business savvy with a passion for innovation as well as the motivation to create your own EY journey.

What we offer

We offer a competitive compensation package where youll be rewarded based on performance and recognized for the value you bring to our business. Plus we offer:

• Continuous learning:Youll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you:Well provide the tools and flexibility so you can make a meaningful impact your way.
• Transformative leadership:Well give you the insights coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture:Youll be embraced for who you are and empowered to use your voice to help others find theirs.

The exceptional EY experience. Its yours to build.

EY Building a better working world

EY exists to build a better working world helping to create long-term value for clients people and society and build trust in the capital markets.

Enabled by data and technology diverse EY teams in over 150 countries provide trust through assurance and help clients grow transform and operate.

Working across assurance consulting law strategy tax and transactions EY teams ask better questions to find new answers for the complex issues facing our world today.

Required Experience:

IC