First Abu Dhabi Bank Looking for AVP, Model Validation & Monitoring at Abu Dhabi Full Time

Job Description

JOB PURPOSE:

The purpose of the job is to work with VP, Head of Model Validation and Monitoring, deliver key model validation/ monitoring projects, work closely across teams and overall make important contribution to the FAB model validation & monitoring process.

Following are the key expectations from this role.

• The candidate would be expected to perform data analysis, statistical tests, share validation findings and final report writing.
• Would be expected to have required programming skills for working hands on.
• Would be expected to work closely with both onshore HO team and remotely with GBS team to deliver Validation / Monitoring projects.
• Would be responsible for the periodic update of the Model Inventory viz. Onboarding of Models, changing the Model Risk status, Uploading Action items and their timelines.
• Wherever required, should mentor junior team members, review their deliverable for ensuring quality.
• Support the senior management in HO to prepare presentations and response for committee meeting, Audit etc.

KEY ACCOUNTABILITIES:

Quantitative Analysis

• Use programming skills for working hands on model validation data analysis, perform statistical tests.
• Use statistical knowledge to interprete and advise on the statistical tests results.

Stakeholder interaction

• Work across multiple teams ( Model Development, Credit, Credit Risk) to understand data issues, modelling and business related issues for performing good model validation.
• Work closely with HO and remote GBS validation team.
• Write final validation reports as per regulatory expectations.

Governance Functions

• Keep the Model inventory updated.
• Onboard new models, Action items and their timelines.
• De-commission retired models.
• Send follow up reminders on existing Action items.

Mentorship

• Beside working hands-on on validation projects, should also have the necessary aptitude to mentor junior team members, review their work and ensure high quality final delivery.

Senior Management Suppport

• Support the senior management in HO to prepare presentations and response for committee meeting, Audit etc.

Qualifications

Minimum Qualification

• Bachelors / Master’s degree in quantitative science (statistics, mathematics, economics) from a reputed institution.

Minimum Experience

• 8+ years of experience in successfully executing Model Validation and Monitoring role for a bank of similar product landscape and complexity.
• Should have hands-on validation experience on decision models (Application, Behavior and Collections) and Regulatory models (IFRS9 – PD, EAD and LGD)
• Should have understanding of traditional and new modelling techniques: linear and logistic regression, timeseries, Decision Tree etc. & Random Forest, XGboost, Neural Networks, etc).
• Should have experience and strong knowledge of SAS, Python and R. Should be willing to learn newer technologies which are open source based and should be comfortable in working in collaborative manner on a cloud based environment.
• Excellent interpersonal & communication skills – verbal and written, and have experience of working with stakeholder.