Unit Head Risk Modelling
Full time
at Job Portal - dinCloud Pakistan
in
Pakistan
Posted on March 27, 2024
Job details
Job Description Description
- Independent review and validation of risk models being used in the bank, including the following:
- Be responsible for the day-to-day management and coaching of all direct reports
- Maintain accurate data in the model inventory. Ensure Model inventory database updating on Annual frequency as per AMC process.
- Ensure Model Tier categorization are based on defined matrix (complexity, exposure and reliance) as per policy
- Designing tests to ascertain model accuracy and performance monitoring on an ongoing basis.
- Identification of model deficiencies and development of mitigation strategies.
- Govern and execute Annual Status Assessment to evaluate each Model health
- Communication & presentation of model performance and its issues with model owners and relevant stack holders.
- Development of a model risk governance framework and related documentation.
- Ensure compliance to regulatory requirements and support driving the adoption of industry best practices for Model Risk Management.
- Develop and implement model risk management policy and process.
- Reporting of model risk review findings & results to risk committees ( ORMC, MRC, BRMC) and relevant stakeholders on an ongoing basis.
- Formulate and develop the Model Validation processes with automation to enhance Model review.
- People Management Skills
- Provide for ongoing training of the department staff
- Manage, train, up-skill, motivate, retain and recruit staff
- Lead and motivate team to meet the objectives and priorities of Model Risk Management
- Bachelors in Statistics / Mathematics / Actuarial science/ Computational Finance. MBA/MSC or relevant certifications such as FRM or CFA preferred.
- At least 10 years of experience in a Financial Institution, preferably in a bank.
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