Assistant Manager – Model Risk Management

This is a fully remote position, open to applicants in Egypt.

📋 Description

• Support the comprehensive management of model risk within the Mashreq group.

• Concentrate on model validation and associated activities.

• Engage with PD, EAD, LGD, and Macroeconomic models related to Credit Risk.

• Work on VaR/PSRE/CVA/FRTB models pertaining to Market Risk.

• Contribute to the effective upkeep of enterprise-wide model validation standards.

• Assist in addressing model risk governance challenges.

• Generate model performance reports for review by senior stakeholders within the bank.

⛳️ Requirements

• A minimum of 3 years of experience in the BFSI sector with a solid understanding of risk management and risk quantification processes.

• A Master’s degree (or a Bachelor’s degree supplemented by at least 2 additional years of experience) in Statistics, Mathematics, Operations Research, Engineering, or related disciplines.

• Familiarity with various types of risks including Credit, Market, Operational, etc.

• Comprehension of model development and validation processes.

• Strong quantitative abilities.

• Excellent written and verbal communication skills.

• Practical experience using SAS, Python, and R from the perspective of model development/validation.

• Professional qualifications such as FRM are advantageous.

• Proficient in Microsoft Office applications including Excel, PowerPoint, and Word.

• A collaborative team player who is self-motivated, innovative, and driven.

🏝️ Benefits

• Ongoing interactions and collaborative relationships with Wholesale Risk Management.

• Retail Risk Management.

• Market & Operational Risk Management.

• Group Finance and CAD.

• Audit & Compliance.

• Engagement with Business Units.