Senior Officer - Model Risk

Nair Systems LLC; Sharjah; On-site; AED 240,000 - 480,000; Full time

Job summary

Nair Systems LLC in the UAE is seeking a Senior Officer - Model Risk to lead quantitative modelling initiatives within risk and financial services. The role focuses on designing and validating IFRS9 compliant credit risk models and supporting impairment processes.

You will apply SAS, Python and R to develop PD, LGD and EAD models, perform data extraction with SQL/BO Reports, and communicate results to stakeholders. A strong analytical mindset and experience in risk analytics are essential.

Qualifications

• Masters in Economics or Statistics.

Skills

Analytical

IFRS9 regulations

Communication

Planning & organizing

Quantitative modelling

End-to-end impairment process

Education

Masters in Economics or Statistics

Tools

SAS

Python

R

Excel 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
• 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