Risk and Compliance Manager

We are seeking a highly skilled Senior Risk Management Specialist to join our team. This role involves developing and implementing new solutions to meet the ever-changing needs of our clients in the financial services sector.

The ideal candidate will leverage their experience, knowledge, and passion to technically contribute and lead engagements, strongly contribute to business growth, build strategic relationships with clients, and deliver quality client services.

• Main Responsibilities:
• Design, assessment, and benchmarking of financial risk management policies, frameworks, methodologies covering credit risk, market risk, operational risk, liquidity risk, climate risk, and integrated risk topics such as capital adequacy and stress testing measurement methodologies in financial institutions.
• Evaluate emerging risk topics including model risk or climate risk.
• Develop AI/machine learning use cases in financial risk.
• Consistently deliver quality client services, support in designing offerings, managing risks, and ensuring key stakeholders are kept informed about progress and expected outcomes.

Key Requirements:

• Graduate or Post Graduate degree in Economics, Banking and Finance, Computational Finance, Mathematics, Statistics, Physics, or equivalent preferred.
• Minimum 6-10 years or more relevant experience in the risk management domain, with a few years in a consulting firm.
• Contributing to the creation of new Solutions/Services, tools, and materials and drive business development activities.
• Strong understanding of regulatory requirements, market standards, and key challenges for financial risk domains.
• Proficient in SQL, Python, Power BI, Machine Learning, and Artificial Intelligence.
• Experience in one of the following areas:
• Credit Risk:
  • Experience in working in Integrated Risk Management Department in Banks or Management consulting firms.
  • Proficiency in developing and implementing advanced risk models - IRB implementation, PD & LGD modelling capabilities for both corporate & retail portfolio.
  • Good knowledge of Credit Risk Model Development steps starting with exploratory data analysis, roll rate, vintage analysis, logistic/linear regressions, Time series, scorecard calibration.
  • Credit Risk Model Validation starting from data preparation and analysis, validation tests, back testing, scenario analysis.
  • Exposure to regulatory stress testing processes around credit risk & ICAAP.
  • Exposure to implementation of ICAAP.
• Liquidity Risk:
  • Experience in working in Treasury & ALM department in Banks or Management consulting firms.
  • Expertise in conducting ILAAP assessments to evaluate a bank's liquidity risk management framework.
  • Proficiency in liquidity stress testing and the development of contingency funding plans.
  • Knowledge of regulatory liquidity ratios, such as LCR (Liquidity Coverage Ratio) and NSFR (Net Stable Funding Ratio).
  • Ability to articulate liquidity risk appetite and align it with the bank's strategic objectives.
  • Expertise in conducting intra-day liquidity management and computing other Liquidity ratios.

Desirable Skills:

• Certifications such as CA, FRM, CFA, or knowledge/experience at that level.
• Regulatory knowledge/experience in areas such as Basel, CBUAE etc.
• Exposure in Interest Rate Risk in Banking Book (IRRBB).
• Strong quantitative & analytical skills.
• Experience with advanced data analytics solutions and approaches incl. machine learning.
• Willingness to travel to meet client needs.

About Our Team:

We are a global leader in assurance, tax, transaction, and consulting services, using finance products, expertise, and systems to build a better working world.