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

Job PurposeThe 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 RelationshipsRegular interaction and working relationship with:Wholesale Risk ManagementRetail Risk ManagementMarket & Operational Risk ManagementGroup Finance and CADAudit & ComplianceBusiness UnitsProblem SolvingCandidate 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 portfoliosSound 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 & ResponsibilityBe a team player inAssist 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 Experience3+ years of experience in the BFSI sector with understanding of risk management and risk quantification processesMaster’s (or Bachelor’s with at least 2 extra years of experience) in Statistics, Mathematics, Operations Research, Engineering or related fieldsKnowledge of different types of risks such as Credit, Market, Operational etc.Understanding of model development and validation processesStrong quantitative skillsStrong written and communication skillsHands-on experience of working on SAS, Python, R from model development/validation perspectiveProfessional Qualifications such as FRM is a plusSound knowledge of Microsoft Office tools such as Excel, Power point, WordTeam player, self-starter, innovative and highly motivated.