Assistant Manager - Model Monitoring (UAE National)

Role Overview

Assistant Manager - Model Monitoring at Emirates Islamic Bank, based in the UAE. This role is reserved for UAE Nationals as part of the UAE Government's strategy to empower and develop national talent.

Company Overview

Emirates Islamic Bank is part of Emirates NBD Group, which comprises Emirates NBD Bank, Emirates Islamic, Emirates Money, Emirates NBD Egypt and Emirates NBD KSA. The Group Risk Management unit ensures sound risk management practices across the organization and meets regulatory requirements, with deliverables including Basel II compliance, Central Bank reporting, IFRS 9 loss provisioning, internal ratings, AML & compliance, and operational loss reporting.

Role Purpose

The Assistant Manager – Model Monitoring assists in managing interim tasks related to monitoring of retail and wholesale credit risk scorecards and models developed in-house and/or externally on an ongoing basis across Emirates NBD Group. The role ensures understanding and compliance with established model monitoring best practices and processes while building reputation and collaborative relationships within the monitoring team.

Key Responsibilities

Model Monitoring Framework and Compliance

• Work on retail and wholesale models to comply with the accepted monitoring methodology, metrics, benchmarks and guidelines customized to specific requirements of various scorecards and models.
• Understand and comply with relevant documentation on model monitoring as part of internal intellectual property.

Monitoring Activities

• Monitor retail application, behaviour, collection and recovery scorecards.
• Monitor wholesale rating models covering Large corporate, Sovereign, and SME entities.
• Monitor Basel II Models – PD, EAD and LGD.
• Monitor IFRS 9 Models – Expected Loss, Long term and PIT PD.
• Follow the annual model monitoring schedule and adhere to timelines for sharing data, model specifics and monitoring results.
• Perform model monitoring tasks as per the adopted monitoring methodology and prepare results as per schedule.
• Conduct periodic monitoring of IFRS 9 and other risk models using established statistical and business performance metrics.

Data Integrity and Traceability

• Extract, cleanse, and organise model input and output data from risk systems to support monitoring activities.
• Compile and validate model performance data to identify deviations from expected outcomes, ensuring early detection of potential issues.
• Verify data lineage and traceability to ensure all datasets used in monitoring are accurate and complete.
• Maintain clear audit trails for all data transformations and calculations performed during monitoring.
• Collaborate with IT and data management teams to resolve data quality issues impacting model monitoring.

Regulatory Compliance

• Apply current regulatory guidelines (e.g., MAS, PRA, RBI) to daily model monitoring tasks, ensuring adherence to all relevant standards.
• Document findings and observations in accordance with internal audit and regulatory requirements.
• Maintain up-to-date records of model monitoring activities for audit and regulatory review.
• Support the preparation of regulatory submissions by providing validated model performance data as required.
• Identify and report process gaps or compliance risks to the manager for remediation.

Stakeholder Communication and Escalation

• Keep an active channel of communication within the team to share monitoring results and run self-assessment of shortcomings that suggest observed points of failure.
• Escalate significant anomalies or emerging risks to the manager for further investigation and action.
• Prepare concise monitoring reports summarising model performance, key findings, and recommended actions for direct stakeholders.
• Translate technical results into business-relevant insights for risk and finance teams.
• Respond to queries from business users regarding model monitoring outputs and methodologies.

Coordination and Independence

• Work independently on handling model monitoring tasks and coordinate with internal clients on necessary requirements including SAS codes for creation of database, scoring, good/bad tagging, model development specifics like development period and characteristics, and OOT validation period.
• Support the continuous improvement of reporting templates and communication channels for model monitoring results.

Qualifications & Experience

• Bachelor's Degree in Math, Statistics, Physics, Engineering, Finance, Economics, or related field.
• 1-2 years of experience.
• Relevant certifications in risk management or data analytics (e.g., FRM, CFA, SAS Certification) preferred.

Skills & Competencies

• Understanding of statistical techniques in general.
• Proficiency in Python, SAS, VBA, SQL, Mathematics or Statistics.
• Excellent verbal and written communication abilities.
• Presentation skills.
• Ongoing professional development in regulatory and risk management practices.

Additional Information

• Position is reserved for UAE Nationals in line with the UAE Government's strategy in empowering and developing nationals.
• Full details are available on the employer's original posting.