Job Description
What you will do:
Model Development, Monitoring, And Implementation
- Lead the performance, the maintenance and enhancement of wholesale risk models across life cycle of various portfolios (IFRS9 models, PD, LGD, EAD, stress testing).
- Ensure the model remain accurate, reliable, and compliant with regulatory requirements.
- Constantly realigns models to monitor performance with the aim to provide on-going guidance on all lending activities for the wholesale portfolios.
- Review Bank's wholesale risk and identify opportunities to improve models and processes, make recommendations to senior management for model change / enhancements and implement cutting edge techniques to maximize value and develop best in class decision tools.
- Oversee accurate implementation of model and support their use, interpretation, and monitoring. Develop and maintain a model inventory and ensure the inventory is complete, accurate, and consistent with the model governance policy.
- Support and work closely with ERM team for stress testing and ICAAP submissions.
- Stay up to date with changes in IFRS 9 standards and requirements and implement changes to the models and methodologies as necessary
- Manage a team of model developers to ensure that the team's work meets the highest standards of accuracy, timeliness, and quality.
Stakeholder Management
- Assist the business, risk, finance, audit departments in model related queries and provide with necessary information and analysis.
- Work closely with all stakeholders to assist in ECL calculation and validation of IFRS9 reporting. Support model validation team for model amendments, validation, and verification.
- Liaise with business functions, credit approval, collections, and other related functions to drive use, monitor overrides, analyze new requirements and feedback on existing models.
Core Responsibilities
- Critically examine the databases for risk modeling, develop them further and ensure their quality assurance.
- Develop wholesale models according to external guidance and standards requirements, monitor and recalibrate until everything fits.
- Support the implementation of the models.
- Identify process changes that have an impact on the credit risk models and provide expert support for their implementation.
- Respond in a timely manner to internal audit and external regulator queries.
What's In It For You
- Pay for performance culture (Competitive and performance-linked compensation)
- Provision of medical care plan for your family and you
- Comprehensive Life insurance plan
- Diverse workforce and inclusive culture
- Career development and growth opportunities by design
- Work with the best minds in the field
- Get opportunities to bring your whole-self to the organization and perform to your best
Be part of RAKBANK's future! Step into a role where your leadership, and strategic insights will directly shape the future of the bank. If you're ready to elevate your career with us,
apply now! 
