Senior Model Risk Officer

Nair Systems LLC; Sharjah; On-site; AED 300,000 - 450,000; Full time

Job summary

Nair Systems LLC is seeking a Senior Officer - Model Risk for its UAE operations. The candidate will contribute to the design, development, and validation of IFRS9 and AIRB compliant credit risk models, including PD, LGD, and EAD, and support end-to-end impairment processes in a dynamic financial services context.

The role requires strong SQL and analytics skills, experience with macroeconomic default modeling, and ability to communicate effectively across levels while managing data extraction

Qualifications

• Masters in Economics or Statistics.
• 5 years of experience in Risk & Financial services, Quantitative Modelling.
• Strong IFRS9 regulations understanding with end-to-end impairment process experience.
• Designing, development and implementation of IFRS9 and AIRB compliant credit risk models – PD, LGD and EAD.
• Experience in developing Application, Behavioural & Collections Scorecards and macroeconomic default models using Linear & Logistic Regression.

Skills

Analytical

IFRS9 knowledge

Credit risk modeling

Education

Master's degree in Economics or Statistics

Tools

SAS

Python

R

Excel with VBA

SQL

BO Reports

Job description

Nair Systems is currently looking for Senior Officer - Model Risk for our UAE operations with the following terms & conditions.

Minimum Qualifications:

• Masters in Economics or Statistics

Minimum Experience:

• 5 years of experience in Risk & Financial services, Quantitative Modelling.

Job-Specific Knowledge & Skills:

• Analytical – Excellent Analytical skills and attention to detail.
• Strong understanding of IFRS9 regulations with previous experience of managing end-to-end IFRS 9 impairment process including ECL calculation and reporting in a business as usual environment.
• Designing, development and implementation of IFRS9 and AIRB compliant credit risk models – PD, LGD and EAD.
• Experience in developing Application, Behavioural & Collections Scorecards and macroeconomic default models using Linear & Logistic Regression techniques, CHAID segmentation & Custer analysis.
• Monitoring and Validation of credit risk models in line with the Basel and other regulatory guidelines;
• Extraction and transformation of data from databases using SQL & BO Reports for analysis and reporting;
• Ability to understand and communicate clearly and effectively at all levels;
• Planning/Organizing and Control- Prioritizes and plans work activities, uses time efficiently.
• Programming skills in: SAS, Python, R, Excel with VBA, SQL