Manager Model Validation

Role Purpose To conduct and complete all validation procedures and validate models under the purview of the Model Validation Unit (MVU), to ensure the model risk is correctly appropriately managed according to ADCBs Model Risk Management Policy and Model Validation Guidelines and comply with regulatory requirements set forth by the Central Bank of the UAE (CBUAE).Job Description Manager Model Validation Role Purpose To conduct and complete all validation procedures and validate models under the purview of the Model Validation Unit (MVU), to ensure the model risk is correctly appropriately managed according to ADCBs Model Risk Management Policy and Model Validation Guidelines and comply with regulatory requirements set forth by the Central Bank of the UAE (CBUAE).Key Responsibilities Model Validation : Assess the appropriateness and construction of models with respect to their current or planned use in order to determine the level of model risk associated, its assumptions, mathematical implementation, the underlying data and its system implementation Review appropriate model risk assessments consistent with the models risk content and intended usage in order to produce a validation report according to the policy and format including identification of model limitations, assumptions, conditions for model use and level of model risk Obtain and provide information on models, communicate model risk issues and suggestions during the validation process, reporting on findings to ensure effective two-way communication with the Model Owners/Developers/Users set expectations.People Management : Manage self and team in line with ADCBs people management policies, procedures, processes and practices to ensure adherence and to maximize own and employee contribution to business performance Organize and supervise the activities and work of the team to ensure that targets and objectives are achieved and the business plan is delivered in line with the required policies, processes, procedures and systems.Policies, Processes, Systems and Procedures : Implement approved departmental policies, processes and procedures, and ensure employee adherence so that work is carried out to the required standard while delivering the required standards of service to customers and stakeholders.Continuous Improvement : Manage and motivate the team to ensure they contribute to, and participate in, the identification and implementation of change initiatives, programmes and projects in line with the banks standards.Customer Service : Demonstrate Our Promise and apply the ADCB Service Standards to deliver the banks required levels of service in all internal and external customer interactions.Required Skills And Experience Minimum Experience: At least 5 years of experience in quantitative risk management with an excellent understanding of Basel II/III standards.Minimum Qualifications : Masters Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar) .Knowledge and Skills : Prior experience developing or validating risk models from end to end. Advanced programming skills using statistical/mathematical software.MS Office (Word, Excel, Power Point, Outlook, Access) SAS, MATLAB, R, Python, VB or other statistical modeling software and database management languages such as SQL Database Management and Administration Financial Statement Analysis (MRA, scorecard, portfolio ratings) Financial Statement Review (MRA, scorecard, portfolio ratings) Regulatory and Compliance Knowledge (CBUAE and Basel) Planning, Forecasting and Monitoring (Stress Tests, ICAAP) Risk Evaluation and Management Statistical and Predictive Analysis.Apply Now!Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Other Industries Internet Publishing Referrals increase your chances of interviewing at Verified Jobs.ae by 2x Abu Dhabi Emirate, United Arab Emirates 1 week ago Store Manager

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