Model Risk Officer/Senior Officer

Description

JOB PURPOSE

To assist in the design and implementation of a common and consistent Model Risk Management program to effectively manage Model Risk validation in accordance with internal policy and regulatory requirements. In addition to assisting the Model Risk Manager in managing framework for the bank with the objective of a forward-looking approach, coupled with a strong Risk Culture, and a robust IMMMR (Identification, Measuring, Managing, Monitoring and Reporting).

DESCRIPTION

Business Support

1. Assist in setting up & applying validation methodologies of different types of Models Based on scoring, recommend, which Model, requires external or internal validation, as well as risk acceptance to ensure applying industry standards.

2. Assist in ensuring Model Risk Documentation is in place to have a solid model inventory bank wide.

3. Update the EUC inventory on annually basis and ensure the solid backup of the critical spreadsheets to monitor End User computing & ensure that a mitigation process is in place for critical spread sheets.

4. Coordinate with the Vendor, Spreadsheet owner and project management to implement the automation process

5. Follow up with Model Risk Champions, Model owner, Project Management and Internal Consultant on the ongoing assessment to start the Automation and Validation process.

6. Assist in implementing appropriate technology in order to monitor Model Risk Management diligently.

7. Prepare the Model Risk Standard Reports and action plans to be presented to NFRCC and BRC.

Policies, Processes, and Procedures

8. Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner

Day- to-day operations

9. Follow the day-to-day operations related to own jobs in the Reputation, Strategic & Model Risks department to ensure continuity of work

Compliance

10. Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks

Qualifications

Knowledge, Skills, and Experience

• Technical Skills:

o Strong quantitative skills in model development and validation.

o Expertise in Microsoft Office Suite (Excel, PowerPoint, Word).

o Hands-on experience with SAS, Python.

o Deep understanding of model development, validation, and end-user computing, including hands-on experience in internal model validation.

o Proficiency in risk assessment and automation for Significant spreadsheets.

o Knowledge of key regulatory and risk management areas such as Stress Testing, Macro-economic models, IFRS9, PD, IRRBB, VAR and Expected Shortfall.

• Experience:

o 3-5 years of experience in the banking/financial sector with a strong focus on risk management and quantification processes.

o Proven experience working with external vendors and consultants for independent model validations.

o Project management experience and knowledge of bank operations and regulatory laws is preferred.

• Education:

o Bachelor’s degree of Commerce, Business, Statistics.

o Master’s degree in a quantitative field (e.g., Statistics, Mathematics, or Econometrics) is preferred.

• Soft Skills:

o Strong negotiation and communication skills.

o Ability to work both independently and as part of a team; a self-starter who is innovative and highly motivated.

o Proficient at managing multiple assignments, working under pressure, and meeting deadlines through strong organizational and prioritization skills.

Primary Location: Egypt-Giza-GIZA HEAD OFFICE

Job: Back Office

Organization: RISK

Shift: Day Job

Job Type: Full-time Employee