Primary Job Purpose
The 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 & Responsibilities
Area / Key Responsibilities
Strategy, Planning and Management
§ Planning and Management
Ensure effective plan(s) to achieve the strategic imperatives of the Unit
Operations, Review and Reporting
Understanding
Maintain updated knowledge of rules, regulations and standards in the concerned field and related matters of interest to the department
Fieldwork
Maintain and update Kuwait and group-wide stress testing and review subsidiary stress tests as required
Develop 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 required
Manage development of retail scoring models for Kuwait and review scoring models for subsidiaries prior to approval
Manage PD, LGD, and EAD estimations and validation exercises for Kuwait and provide subject matter expertise at subsidiary level
Maintain and update Group and Kuwait risk appetite models
Develop and maintain models and methodologies for risk-adjusted performance metrics (e.g., RAROC, EVA) across the Group
Provide Basel and risk subject matter support to subsidiaries
Review other local implementations of risk models across subsidiaries
Job Details
| Posted Date: | 2019-04-16 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Management |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Management |
| Degree: | Bachelor's degree |
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