Vice President, Wholesale Risk Analytics

Vice President, Wholesale Risk Analytics (Mashreq Global Network Pakistan)

• Leadership
• Guide and manage a team of analytical professionals of varying backgrounds; ensure staff development and high levels of staff engagement.
• Provide managerial leadership to progress projects and activities of strategic value to completion, in alignment with Risk Management and Mashreq Bank's objectives.
• Accountability for the development and ongoing management of all Wholesale borrower rating methodologies and models along with other risk parameter methodologies and models.
• Overseeing the management of IFRS 9 Expected Credit Loss (ECL) measurement methodologies and associated tools.
• Ensure that measurement methodologies for IFRS 9 ECL in UAE and other overseas locations are sound and in alignment with Central Bank requirements in respective countries.
• Provide technical leadership on regulatory developments in order to drive a common understanding of the impact of these on IFRS 9 ECL and staging.
• Institute a model monitoring framework for all models to ensure they are fit for use.
• Overall responsibility for coordinating and ensuring the integrity of the risk components of ECL calculation and Borrower rating models including satisfactory validation from external and internal parties.
• Partner with Business teams to effectively manage the application of collateral information into both ECL and RWA.
• Support and the definition of acceptable risk grading standards within the Wholesale Credit Policy Manual.
• Manage key relationships with regulators across jurisdictions and align modelling analytics with regulatory and internal model management standards and guidance.
• Develop and Manage Centre of Excellence for all capital and wholesale quantitative analytics across Risk Management.
• ICAAP / Stress testing
• Support active management of Mashreq's capital position.
• Pillar 2 risk methodology quantification.
• Support Enterprise-Wide Stress Testing program within the Bank in order to meet ICAAP and other internal management requirements.
• Support senior management with forecast of ECL and pillar 2 risk computation, planning cycles and any capital raising activities.
• Develop Pillar 2 and Stress testing methodology for wholesale books in line with CBUAE requirement.
• Work with MRM to outline the goals of model monitoring, considering factors like accuracy and other relevant metrics based on the model purpose.
• Determine the expected performance of the respective models on historical data.
• Implement monitoring tools to continuously assess model performance. This includes monitoring input data quality, predictions.
• Communicate the model performance to relevant stakeholders to ensure the prompt attention to potential problems.
• Regularly review and improve the model performance process based on the feedback, change in underlying data and evolving business requirement.
• Develop statistical climate risk models, integrate economic and social data to understand how climate risks may impact.
• Develop different climate scenarios based on the various emission pathways and climate change projection. Assess the potential impact of each scenario on the identified financial risk.
• Based on the statistical models, develop adaption strategies to mitigate relevant risks.
• Establish a system for continuous monitoring of climate data and update the climate risk models regulatorily.
• Incorporate existing and potential future policies and regulations related to climate change into the model development.

• Undergraduate degree in Finance, Risk, Economics, Engineering or other related field
• 10-15 years of progressive, multi-discipline risk management experience within banking sector
• Deep understanding of risk management concepts and methodologies gained through development and practical application of risk policy/frameworks
• Demonstrated capability to apply risk management concepts, analysis and support to strategic decision-making processes
• Demonstrable people and managerial leadership experience in a matrixed and multi-jurisdictional organization
• Outstanding interpersonal and influencing skills; possess personal credibility and ability to influence stakeholders at all levels, particularly senior colleagues
• Postgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM
• Experience of developing teams in a multi-jurisdictional and matrixed organization
• Understanding and experience of BCBS frameworks, particularly those relating to risk and capital.

• Not Applicable

• Full-time

• Analyst
• Industries
• Banking