Credit Risk Consultant

Cognitud; Ad Dawadimi; On-site; SAR 200,000 - 300,000; Full time

Job summary

Cognitud seeks an experienced consultant for credit risk model validation in Riyadh. Candidates should have 8-12 years of relevant experience, particularly in regulatory compliance and AI/ML modeling. This role involves collaborating with development teams to address findings and improve model performance through thorough assessments and documentation.

Qualifications

• 8 to 12 years of experience in bank model development or validation.
• Experience with credit risk models, IFRS9 required.
• Experience in managing model validation teams.

Responsibilities

• Collaborate with model developers to repair findings.
• Conduct model risk assessments and performance monitoring.
• Manage documentation of model validations.

Skills

Credit risk model

AI/ML modeling

Model validation

Regulatory compliance

Model risk assessment

Job description

Job Description:

Job Location: Riyadh, Saudi Arabia

Background

• 8 to 12 years of experience in bank model development or model validation
• Experience in responding to regulatory reviews and external/internal model validation and audits relating to credit risk models

Functional Expertise

• Credit risk model (credit loss forecasting including IFRS9, loan loss allowance)
• Experience in AI/ML modeling his highly desirable
• Managing of model validation teams
• Experience in regulatory reviews and communication with regulators and internal risk and audit committees.

Relevant Experience

The consultant will be collaborating with the model developers and owners to remediate and respond to findings per the Independent MRM group and internal model risk management policy

Engagements Summary

• Model documentations (model white paper and technical specification and data validations)
• Model risk assessment and model performance monitoring
• Model calibration and parameter estimation and other model enhancements
• Validation or experience in AI/ML models highly desirable

Job Specification:

CreditRISK, IFRS9, loan loss allowance,modeldevelopment,model validation

The consultant will be collaborating with the model developers and owners to remediate and respond to findings per the Independent MRM group and internal model risk management policy

Engagements Summary

• Model documentations (model white paper and technical specification and data validations)
• Model risk assessment and model performance monitoring
• Model calibration and parameter estimation and other model enhancements

Validation or experience in AI/ML models highly desirable