Senior Risk Management Specialist

1 week ago


Jeddah, Makkah Province, Saudi Arabia IsDB Group Full time
{"Job Title": "Senior Risk Management Specialist - Market", "Job Summary": "We are seeking a highly skilled Senior Risk Management Specialist to join our team at IsDB Group. The successful candidate will be responsible for managing the implementation and execution of the bank's model risk management framework, including participating in the implementation of model risk management policies and procedures, performing ongoing model risk monitoring, and maintaining a model inventory.", "Key Responsibilities": "
  • Formulate and quantify model risk appetite.
  • Develop and maintain the Model Risk Management policy, management directives, procedures, and guidelines.
  • Maintain and update the model risk monitoring tools, systems, and methodologies to ensure ongoing quality of model risk management processes.
  • Independently review financial and risk models in use by the Bank and periodically perform independent model validation of these models.
  • Perform independent model risk assessment and model performance monitoring in accordance with the defined model risk appetite and the predefined model performance targets.
  • Review model development and re-development/re-calibration proposals from model owners.
  • Perform periodic procedural compliance on model development and management process within the Bank along with review of adequacy and comprehensiveness of model documentation with the approved policy, directives and guidelines and highlight deviations with recommendations to achieve compliance.
  • Undertake ongoing management of model tiering, perform model risk assessments, and maintain model inventory, model documentation, model performance reports and model validation reports.
", "Requirements": "
  • Bachelor's Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar).
  • Professional certifications like CFA/PRM/FRM/CQF would be preferred.
  • Advanced programming skills using statistical/mathematical software.
  • Proficiency in SAS, MATLAB, R, Python, VB or other statistical modeling software and database management languages such as SQL Database.
  • Minimum 8 years of relevant experience in a financial modelling or risk management function, of which at least 3 years in Model Risk, preferably in a Multilateral Development Bank.
  • Risk Assessment and Risk Quantification skills, Quantitative Analytical skills, Asset Valuation Techniques, Familiarity with External Rating Methodologies, Governance, Risk and control, Islamic Finance, Stress Testing, Analytical Thinking, Problem Solving, Attention to detail, Stakeholder Management, MS Office.
", "Language": "en-US"}

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