Assistant Manager - Model Monitoring (UAE National)

Emirates NBD · United Arab Emirates

In line with the UAE Government’s strategy in empowering and developing nationals, Emirates NBD is committed to welcoming the young generation into an innovative, modern and supportive work environment to contribute to the nation's success.

We are looking to find the best UAEN talent to join our ENBD family.

Organization Unit Purpose

The purpose of Group Risk Management unit is to ensure sound risk management practices in the organization and meet regulatory requirements. The unit has several deliverables that include Basel II compliance, Central bank reporting, IFRS 9 loss provisioning, Internal ratings and embedding them in business processes, AML & compliance, operational loss reporting, risk reviews etc.

Job Purpose

The prime responsibilities of Assistant Manager –Model Monitoring will be –

Assist the Manager Model Monitoring to manage interim tasks related to monitoring of retail and wholesale credit risk scorecards and models that are developed in-house and/or externally on an ongoing basis
Tasks related to monitor credit risk models across Emirates NBD Group – comprising Emirates NBD Bank, Emirates Islamic, Emirates Money, Emirates NBD Egypt and Emirates NBD KSA
Understand and comply to the established model monitoring best practices and processes within the organization
Prepare and collate monitoring results
Built reputation and collaborative relationships within the monitoring team

Job Content

1.Comply to model monitoring framework and standards

Work on retail and wholesale models to comply with the accepted monitoring methodology, metrics, benchmarks and guidelines customized to specific requirements of various kind of scorecards and models being leveraged currently in the organization
Understand and comply to the relevant documentation on model monitoring as a part of internal IP

2.Monitoring tasks related to –

a. Retail application, behaviour, collection and recovery scorecards.

b. Wholesale (Large corporate, Sovereign, SME etc.) rating models

c. Basel II Models – PD, EAD and LGD.

d. IFRS 9 Models – Expected Loss, Long term and PIT PD.+

Follow the annual model monitoring schedule incorporating models to be monitored and adhere to timelines for sharing data, sharing model specifics and model monitoring results
Perform model monitoring tasks as per the adopted monitoring methodology and prepare the results as per schedule

3.Self-assessment and growth in building a result-oriented attitude

Keep an active channel of communication within the team to share monitoring results and run self-assessment of shortcomings that suggest observed points of failure
Work on independently handling model monitoring tasks and co-ordinate with internal clients on necessary requirements including – SAS codes for creation of data base, scoring, good/bad tagging etc.; Model development specifics like development period, characteristics, OOT validation period etc.; on regular basis

Education

Bachelor's Degree in Math, Statistics, Physics, Engineering

Experiences

1- 2 years of experience

Knowledge & Skills

Understanding of statistical techniques in general at least.
Python, SAS, VBA, SQL, Maths OR Statistics
Excellent verbal and written communication abilities
Presentation skills

Strengthen trust and control across Risk Modelling and Analytics at Emirates NBD as an Assistant Manager - Model Monitoring, helping protect the bank and enable confident, compliant growth by conducting periodic monitoring of IFRS 9 and other risk models using established statistical and business performance metrics, compiling and validating model performance data to identify deviations from expected outcomes, ensuring early detection of potential issues, and documenting findings and observations in accordance with internal audit and regulatory requirements.

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