Model Risk Management Specialist - Riyadh
ExperienceJunior (0-5 years) | Mid Level (6-10 years)
Est. StartApril 26, 2024
Duration6 Month(s)
Leading consulting firmLeading consulting firm
On Site
Riyadh Saudi ArabiaRiyadh Saudi Arabia
Required Skills
Risk Modelling
Risk Model Validation
Risk Model Governance
Project Overview

Our client is a leading Consulting firm. We are thrilled to announce a client-facing role within our Clients Financial Services—Risk Management practice in the MENA region. This position is initially a 6 month contractual position with a high probability of conversion to a permanent role and offers a unique opportunity for a skilled professional to advise clients on financial risk analytics, providing expertise across a spectrum of risk management areas. The ideal candidate will bring a wealth of experience in model development, model validation, model governance frameworks, stress testing, and portfolio analytics and reporting. This role is not only about applying existing skills but also about pushing the boundaries of financial risk management to protect and enhance client value.

What You Will Be Doing

  • Model Development: Creating and refining data-driven and expert judgment-based models for both retail and wholesale portfolios. This includes credit risk models, scorecards, collection models, and more.
  • Model Validation: Utilizing statistical and qualitative methods to validate various models within the risk domain, including familiarity with BIS working paper 14 and conducting model validation reports.
  • Model Governance Framework: Implementing model governance frameworks for financial institutions, encompassing policy and procedures, model inventory, lifecycle, and control frameworks.
  • Stress Testing: Conducting both regulatory and internal stress tests to evaluate financial institutions' resilience against capital adequacy and earnings volatility.
  • Portfolio Analytics and Reporting: Engaging in deep-dive analytics, segment performance reviews, and the development of AI/ML models to support client business decisions.

Your Background

  • Experience: 6 to 10 years in financial services advisory or in credit risk/ERM departments within banks, preferably with leading consulting firms.
  • Education: A Bachelor’s or Master’s in quantitative disciplines or an MBA (Finance) from a leading business school. Professional qualifications like Chartered Accountancy, FRM, SCR, or CFA are advantageous.
  • Skills: Expertise in MS Excel, PowerPoint, Word, and data modelling software (R, SAS, Python). Strong analytical, interpersonal, communication, and presentation skills are essential.
  • Personal Attributes: Creative thinker with rigorous analytical skills, high energy, meticulous attention to detail, and the ability to multitask. Willingness to travel and second language skills are beneficial.

Other Important Information

This role is based in Riyadh, KSA and requires readiness to engage in frequent travel based on client requests. The successful candidate will work in a dynamic, collaborative environment, requiring strong team orientation and the capacity to mentor junior resources. This position offers an unparalleled opportunity to impact financial institutions' resilience and strategic decision-making through advanced risk management practices.