Manager - Model Development (AVP) - TJ / 1868324

Recruit AI; Karachi Division; On-site; PKR 2,000,000 - 4,000,000; Part time

Job summary

National Bank of Pakistan in Karachi seeks a Manager - Model Development (AVP) to lead model risk management activities. The role focuses on developing and validating IFRS-9 and credit risk models, with responsibilities for documentation and MIS reporting.

The candidate should have a strong quantitative background, 6+ years in banking or financial institutions, and experience in model risk assessment and interpretation of regulatory requirements. Based in Karachi with contractual terms.

Qualifications

• Minimum Graduation or equivalent preferably in Statistics / Finance / Economics / Actuarial Sciences from a local / international university recognized by HEC of Pakistan.
• Candidates having a Masters degree and/or any other relevant professional certification(s) will be preferred

Responsibilities

• To assist in developing and updating model risk management framework.
• To assist in developing and implementing IFRS-9 models, credit rating models, RAROC, etc.
• To validate and back test of credit risk ratings, IFRS-9 models.
• To maintain comprehensive documentation for all models, including methodologies and assumptions.
• To maintain MIS for model risk review and report results to risk committees and relevant stakeholders.
• To monitor model performance to assess model accuracy, reliability and ensure compliance with regulatory requirements and internal standards.
• To perform any other assignment assigned by the supervisor(s)

Skills

Quantitative analysis

Communication

Regulatory awareness

Risk awareness

Education

Bachelor's in Statistics/Finance/Economics/Actuarial Sciences

Masters or professional certification preferred

Job description

Our client National Bank of Pakistan is looking for a Manager - Model Development (AVP) in Karachi.

"The Nation's Bank", National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position in the area of Risk Management based at Karachi.

Position / Job Title

Manager - Model Development (AVP)

Reporting to

Unit Head - Model Risk Management

Educational / Professional Qualification

• Minimum Graduation or equivalent preferably in Statistics / Finance / Economics / Actuarial Sciences from a local / international university / college / institute recognized by HEC of Pakistan.
• Candidates having a Masters degree and/or any other relevant professional certification(s) will be preferred

Experience

• Minimum 06 years of experience in a Bank and/or Financial Institution out of which at least 03 years in Model Risk Management and/or Risk Assessment and/or Quantification

Other Skills / Expertise / Knowledge Required

• Good analytical skills with an aptitude for quantitative analysis
• Awareness of economic factors and their linkages / interrelationships
• Basic knowledge of risk, controls and regulatory requirements
• Good communication and presentation skills

Outline of Main Duties / Responsibilities

• To assist in developing and/or updating model risk management framework
• To assist in developing and implementing IFRS-9 models, credit rating models, RAROC etc.
• To validate and back test of credit risk ratings, IFRS-9 models
• To maintain comprehensive documentation for all models, including methodologies and assumptions
• To maintain MIS for model risk review and report results to risk committees and relevant stakeholders
• To monitor model performance to assess model accuracy, reliability and ensure compliance with regulatory requirements and internal standards
• To perform any other assignment assigned by the supervisor(s)

Place of Posting

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteria will be invited for panel interview(s).

Employment Type

The employment will be on contractual basis for three years which may be renewed on discretion of the Management. Selected candidates will be offered compensation package and other benefits as per Banks Policy / rules.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.