Job Details
On a day-to-day basis you will be responsible for:
Perform periodic review on Compliance Models
Coordinate model validations conducted by external third parties
Raise modelling issues which are not in compliance with the regulatory requirements
Track resolution plan for modelling issues raised
Determine Fit-for-Purpose (FFP) or Conditional Approve (CA) for model based on validation outcome
Assist in the implementation of risk model governance framework and validation standards
Perform research on technical requirements for analytical models
Liaise with internal / external stakeholders on model related technical issues
Support the team head or senior manager in updates to GRC, BRC, EXCO or other risk committees on reports
To be successful in this role, you will need the following skills and experience:
Degree or postgraduate in quantitative discipline such as Statistics, Mathematics, Financial Engineering, Actuarial Science or similar from a recognized university
Statistical knowledge
Programming knowledge in VBA, C, SAS, Python, R, SQL
Banking industry knowledge in international and local regulatory standards
Integration of different skill sets within team (developer, modeler, analyst, implementation)
Strong verbal and written communication skills with the ability to work with quant and non-quant staff;
Company Description
Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Turkey) region with a presence in 13 countries, serving over 17 million customers. As at 31st December 2022, total assets were AED 742 billion, (equivalent to approx. USD 202 billion). The Group has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 879 branches and 4,130 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.6 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv., the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAEs main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is also an early supporter to Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
