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Kuwait City
May 26, 2019
Home » Job Feeds » Manager- Modeling & Risk Analytics at Career Hunters – Al Kuwait

Manager- Modeling & Risk Analytics at Career Hunters – Al Kuwait

Job Description

Primary Job PurposeThe job holder is responsible for managing the development and update of Risk Models, including IFRS 9, ECL, economic capital, ICAAP and stress testing models. The job holder is also responsible for providing an oversight of local implementations of risk models to ensure consistency across all Group companies and for supporting credit, market, liquidity, and operational risk related models as needed. Job Roles & ResponsibilitiesArea / Key ResponsibilitiesStrategy, Planning and Management§ Planning and Management­ Ensure effective plan(s) to achieve the strategic imperatives of the Unit Operations, Review and ReportingUnderstandingMaintain updated knowledge of rules, regulations and standards in the concerned field and related matters of interest to the departmentFieldworkMaintain and update Kuwait and group-wide stress testing and review subsidiary stress tests as requiredDevelop and maintain any Market, Credit and economic capital and other risk models.Develop and maintain expected loss models for IFRS 9 provisions requirements and implement models to support Finance in its computations.Manage model (e.g., Moody’s) calibration for models across products and geographies including ORR and FRR models as requiredManage development of retail scoring models for Kuwait and review scoring models for subsidiaries prior to approvalManage PD, LGD, and EAD estimations and validation exercises for Kuwait and provide subject matter expertise at subsidiary levelMaintain and update Group and Kuwait risk appetite modelsDevelop and maintain models and methodologies for risk-adjusted performance metrics (e.g., RAROC, EVA) across the GroupProvide Basel and risk subject matter support to subsidiariesReview other local implementations of risk models across subsidiaries 

ReportingGenerate and escalate periodic and ad hoc reports ensuring accuracy and timely deliveryStakeholder ManagementInternal InteractionsParticipate in various cross-functional committees/teams for purposes like: executive team discussions, audits, etc. to achieve optimal cooperation and quality serviceDevelop documentation and provide training of modelsProvide support to other risk functions for formulating market, investment, and operational risk models as requiredPeople Development§ Participate in the selection and development of staff§ Evaluate performance and recommend developmental needs of the team§ Review recommendations of subordinate staff and provide guidance in resolving complex or sensitive problems§ Maintain and promote positive work culture and responsible for improving employee engagement level of the team

Job Details

Job Location
Al Kuwait, Kuwait

Company Industry

Company Type
Recruitment Agency

Job Role

Employment Type
Full Time Employee

Monthly Salary Range

Number of Vacancies

Preferred Candidate

Career Level

Years of Experience
Min: 5 Max: 8

Residence Location

Bachelor’s degree / higher diploma

Click here to apply

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