Job description
Role Overview
Assistant Manager - Model Monitoring at Emirates NBD, located in the UAE. This role is for UAE Nationals.
Company Overview
Emirates NBD is a banking institution with a Central Risk team responsible for meeting reporting obligations and maintaining robust risk controls across the organization.
Role Purpose
This role delivers technical support in model monitoring and validation activities to ensure ongoing compliance with internal and regulatory standards. By executing routine model performance checks and escalating anomalies, it safeguards the reliability of risk analytics used in business decision-making and directly supports the Central Risk team's ability to meet reporting obligations and maintain robust risk controls.
Key Responsibilities
Model Monitoring and Performance
- Conduct periodic monitoring of IFRS 9 and other risk models using established statistical and business performance metrics.
- Compile and validate model performance data to identify deviations from expected outcomes, ensuring early detection of potential issues.
- Document findings and observations in accordance with internal audit and regulatory requirements.
- Escalate significant anomalies or emerging risks to the manager for further investigation and action.
Regulatory Compliance
- Apply current regulatory guidelines (e.g., MAS, PRA, RBI) to daily model monitoring tasks, ensuring adherence to all relevant standards.
- 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.
Data Integrity and Traceability
- Extract, cleanse, and organise model input and output data from risk systems to support monitoring activities.
- 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.
Business Reporting and Stakeholder Communication
- 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.
- Support the continuous improvement of reporting templates and communication channels for model monitoring results.
Qualifications & Experience
- Minimum 3 years of experience in risk analytics or model monitoring within banking or financial services.
- Exposure to risk systems such as SAS, Python, or similar platforms.
- Bachelor's degree in Statistics, Mathematics, Finance, Economics, or related field.
- Relevant certifications in risk management or data analytics (e.g., FRM, CFA, SAS Certification) preferred.
- Ongoing professional development in regulatory and risk management practices.
Skills & Competencies
- Technical proficiency in SAS, Python, or similar risk analytics platforms.
- Strong data management and cleansing capabilities.
- Statistical analysis and business performance metrics evaluation.
- Audit and regulatory documentation standards.
- Clear technical and business communication.
- Problem-solving and independent resolution of standard issues.
- Ability to work under moderate supervision and escalate exceptions appropriately.
Additional Information
The position works within established procedures and under moderate supervision. Communication is focused on direct stakeholders and the immediate team. The role resolves standard issues independently while referring exceptions to senior colleagues.