Assistant Manager - Model Risk Management.MGN Egy - Model Risk Management.Risk Management-MEGPCOE

Job Purpose:The purpose of this role is to assist in end-to-end management of model risk within Mashreq group; focusing on model validation and its related activities. The role involves working on PD, EAD, LGD and Macroeconomic models from Credit Risk as well as VaR/PSRE/CVA/FRTB models from Market Risk.Operating Environment, Framework and Boundaries, Working Relationships:Regular interaction and working relationship with:- Wholesale Risk Management- Retail Risk Management- Market & Operational Risk Management- Group Finance and CAD- Audit & Compliance- Business UnitsProblem Solving:Candidate must possess the following skills:- Sound understanding Bank Wide Risk Analytics – especially in credit and market risk model development/validation including PD, EAD & LGD model development for Retail and Wholesale portfolios- Sound knowledge of regulatory frameworks such as Basel and IFRS 9.- Proactive and hands-on approach towards answering complex theoretical / quantitative questions,- Strong verbal and written communication skills.Decision Making Authority & Responsibility:Be a team player in- Assist in the adequate maintenance of enterprise-wide model validation standards,- Assisting in managing model risk governance issues i.e. integrity, data validation and related modeling activities,- Measurement of key model performance metrics, risk capital etc.- Preparing model performance related reports for consumption by senior stakeholders within the bank.Knowledge, Skills and Experience:- 3+ years of experience in the BFSI sector with understanding of risk management and risk quantification processes- Master’s (or Bachelor’s with at least 2 extra years of experience) in Statistics, Mathematics, Operations Research, Engineering or related fields- Knowledge of different types of risks such as Credit, Market, Operational etc.- Understanding of model development and validation processes- Strong quantitative skills- Strong written and communication skills- Hands-on experience of working on SAS, Python, R from model development/validation perspective- Professional Qualifications such as FRM is a plus- Sound knowledge of Microsoft Office tools such as Excel, Power point, Word- Team player, self-starter, innovative and highly motivated.