Risk Analytics and Modelling

2 weeks ago


UAE, United Arab Emirates HSBC Full time

**Senior Regional Manager (ID: 0000HWGB)**

**GCB4**

**Some careers grow faster than others.**

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here

**Role Overview**

Wholesale Credit Risk Analytics as part of Global Risk Analytics (GRA) is responsible for developing, maintaining and monitoring MENAT’s Risk rating systems (Internal credit models) and creating a PRA, DFSA and CB compliant policy framework consistent with Group Model Risk standards. This has implications on MENAT regulatory capital, pricing and several other aspects of Wholesale Credit Risk (e.g. provisioning). In addition, there are a number of Global Strategic projects often in response to regulatory requirements that require regional management and delivery.

**Principal responsibilities**
- Lead on existing and future credit decisioning models and activities
- Act as the model development lead for IFRS9/ST models such that models are consistent with Global Framework and as per regulatory requirements (inc. DFSA and CBUAE)
- Ensure that MENAT IFRS9 models are run as per design on a quarterly basis as well as clearly articulating any model changes impacting the wholesale ECLs
- Ensure that all SOX and non-SOX model risk controls are performed as per design including the model monitoring requirements
- Ensure the timely closure / mitigation of IFRS9/ST model IMR findings
- Lead the Stress Testing model requirements for various Stress Tests such as GIST, FRP, CBUAE, PRA and other local wholesale credit risk related ones
- Ensure the required governance is followed for pre and post model go live activities on the IFRS9/ST and credit decisioning models
- Lead on the loss data requirements to ensure that model development and go live data is sufficiently suitable, else appropriate action is coordinated with the relevant data owners
- Engage with the Policy & Portfolio Management team to help define and design portfolio analytics solutions
- To be the lead model developer on IFRS9 and ST models
- Coordinate with IT, LMU, Business on the requirements of data to ensure there is sufficient model development and monitoring data in place
- Demonstrate clear communication on model changes and impacts both written and verbally to stakeholders
- Work with Head of WCR & Approvers Heads, CROs, COO, Head of LMU, Model Sponsors and Users to ensure that relevant projects are implemented and interpreted correctly
- Work with External and Internal Auditors as well as Regulators in answering questions regarding model development including analysis in some cases.
- Ensure that IMR findings are closed out or mitigated in a timely manner
- Proactively seek ways to streamline, automate and improve GRA processes including documenting BAU work and EUC identification
- Ability to identify and assess the pros and cons of alternative modelling approaches from Regional standpoint and communicate on such issues with Group Risk and Regional Senior Management. Knowledge of accounting standards is an advantage.
- Work effectively with teams in other countries and manage virtual teams in GAC

Requirements

**To be successful in the role, you should meet the following requirements**:

- University degree and / or Ph.D. in a quantitative field
- Optionally, MBA/CFA with FRM
- 8- 10 years’ experience in Model development / Application of statistics and numerical techniques within a financial institution in the area of Wholesale Credit Analytics
- Proven programing capability using Python / R languages
- Strong knowledge of wholesale credit business, wholesale credit products as well as Basel 2 Stress Testing
- Knowledge of impairment standards - IFRS 9
- Strong knowledge of PD, LGD and EAD modelling
- Open personality and effective communication skills, ability and flexibility to work in an international team
- Strong interpersonal and leadership skills to influence senior and local management from differing cultures
- Ability to understand the organizational needs
- Ability to lead, manage and successfully deliver projects within the agreed time scale, in liaison with stakeholders
- Strong knowledge of wholesale credit business and wholesale credit products
- Knowledge of HSBC Systems
- Preferably, experience of Basel 2 implementation and / or of working in LMU
- Open personality with effective communication, analytical and written skills
- Manage self to deliver own work within timelines and flexibility to work in an international team
- Ability to lead, manage and successfully deliver projects within the agreed time scale, in liaison with all relevant stakeholders: model owners, credit, business, IT, senior management, auditors and regulators.
- Strong communication and management skills as well as being a team player

Issued by The Hong Kong and Shanghai Banking Corporation Limited.



  • UAE, United Arab Emirates HSBC Full time

    Job description**Some careers grow faster than others**. If you’re looking for a career where you will be respected as an individual and valued for the contributions you make, join HSBC and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers...

  • Head of Risk

    1 week ago


    UAE, United Arab Emirates Halian Full time

    Our Client Leading sustainable energy solutions provider Your Responsibilities - Reporting to the Investment Committee (IC), the Board, and CEO, The Head of Risk’s (HOR) role is to manage the companies overall exposure to risk and suggest appropriate mitigations, with a particular focus on investments. The HOR also manages the following: - Investment...

  • Credit Risk Consultant

    7 months ago


    UAE, United Arab Emirates Carnegie Consulting Full time

    Permanent - United Arab Emirates - Posted 4 hours ago - £60000 - £100000 per annum + Salary commensurate with experience GBP / Year **Credit Risk Consultant / Senior Consultant (dependant on experience) - Generous financial package** **United Arab Emirates (UAE)** **The Opportunity**: - Working for a growing, ambitious and dynamic Management...

  • Risk Manager

    3 weeks ago


    UAE, United Arab Emirates inDrive Full time

    Cyprus, Limassol - United Arab Emirates - Kazakhstan - Georgia Hybrid Full-time Senior Risk management is a new function in our company, currently being developed within the Compliance department. We are looking for someone who can launch risk assessment from scratch and establish this process entirely. **Responsibilities**: - Design and roll out a...


  • UAE, United Arab Emirates Majid Al Futtaim Full time

    **BUSINESS INTRODUCTION** Majid Al Futtaim Holding is the leading shopping mall, retail, communities, entertainment developer and operator in the Middle East, North Africa, and Central Asia regions. With over 48,000 people, revenues of over US$ 11 Billion, and operations in 18 countries. Some of the iconic brands we carry include Mall of the Emirates,...

  • Risk Manager, UAE

    2 months ago


    UAE, United Arab Emirates HSBC Full time

    -Job description **Some careers have more impact than others.** If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you...


  • UAE, United Arab Emirates HSBC Full time

    -Job description **Business Analytics Manager - Wholesale COO - UAE National - 0000K6DS** **Some careers shine brighter than others** If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Business Analytics is a key component of the WCOO construct. The key objective of Business Analytics is to act as trusted...

  • Facility Monitoring

    3 days ago


    UAE, United Arab Emirates HSBC Full time

    **Facility Monitoring & Analytics Manager (TRM) 0000HYNE** **Some careers shine brighter than others.** If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards...

  • Risk Manager

    7 months ago


    UAE, United Arab Emirates Digby Morgan Full time

    summary - _ riyadh, mena_ - _ £122,000 per year_ - _ permanent_- specialism - construction & property- sub specialism - construction- reference number - PR-112682714 - job details Our Client, a reputable Project Management Consultancy (PMC) business, is currently seeking a highly skilled and experienced Risk Manager to join their team in Riyadh. This is an...


  • UAE, United Arab Emirates du Full time

    Key Accountabilities - Develop and periodically review / update the risk governance and management framework, policies & procedures. - Facilitate preparation of the organization's risk appetite statements through transparent and appropriate review / challenge to business assumptions and oversee amendment of appetite measures in budgeting process / monitoring...


  • UAE, United Arab Emirates HSBC Full time

    **Head of Retail Risk, UAE** **Some careers open more doors than others.** HSBC has a remarkable career opportunity in the land of year-round sun and white sandy beaches. We are looking for a deeply experienced and highly strategic Head of Retail Credit Risk Management to be based in our Dubai office to support in a safe and sustainable way HSBC’s growth...


  • UAE, United Arab Emirates DP World Full time

    We are seeking an enthusiastic and motivated intern to join the Risk function of our Enterprise Risk & Resilience team for a 3-month internship. This is an exciting opportunity to contribute to the ongoing enhancement of DP World’s Enterprise Risk Management (ERM) maturity. **Key Responsibilities**: - Assist in developing and documenting risk bowties for...


  • UAE, United Arab Emirates HSBC Full time

    -Job description **Portfolio Manager, Transaction Risk Management 0000K0FN** Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC, and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers...


  • UAE, United Arab Emirates HSBC Full time

    -Job description **Chief Risk Officer, Wealth & Personal Banking MENAT** **Some careers open more doors than others.** If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management....


  • UAE, United Arab Emirates HSBC Full time

    -Job description **Business Risk Control Manager & BIRO (UAE Nationals) - 0000JL2V** Some careers grow faster than others. If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here. **Principal responsibilities**: - Operate as a point of accountability for executing an effective...


  • UAE, United Arab Emirates Majid Al Futtaim Full time

    Majid Al Futtaim is the leading shopping mall, retail, communities, entertainment developer and operator in the Middle East, North Africa, and Central Asia regions. With over 48,000 people, revenues of over US$ 11 Billion, and operations in 18 countries. Some of the iconic brands we carry include Mall of the Emirates, Carrefour, All Saints, Lego, City...


  • UAE, United Arab Emirates Chronos Consulting Full time

    **Job **Description****: Years Experience; 2 to 3 years of Consultancy. Location - UAE, Permanent position, Consultant will be required to prepare risk /related studies (COMAH/ QRA/ HEMP/ERP/ FRA/ Safety Engineering Design) and scribe for workshops (HAZID / HAZOP/ SIL/ PHSER, SIMOPS etc.). Duties include: Preparation of numerical data for studies such as...


  • UAE, United Arab Emirates Majid Al Futtaim Full time

    Majid Al Futtaim Holding is the leading shopping mall, retail, communities, entertainment developer and operator in the Middle East, North Africa, and Central Asia regions. With over 48,000 people, revenues of over US$ 11 Billion, and operations in 18 countries. Some of the iconic brands we carry include Mall of the Emirates, Carrefour, All Saints, Lego,...


  • UAE, United Arab Emirates ICBA Full time

    The International Center for Biosaline Agriculture(ICBA) is an international, non-profit agricultural research center established in 1999 through the visionary leadership of the Islamic Development Bank (IsDB), the Organization of the Petroleum Exporting Countries (OPEC) Fund, the Arab Fund for Economic and Social Development (AFESD), and the Government of...

  • Assistant Manager

    4 months ago


    UAE, United Arab Emirates Emirates NBD Full time

    **Organisation Unit Purpose**: Group Retail Credit is the Credit Policy, Strategy & Analytics unit for Retail Lending covering Personal Loans, Auto Loans, Credit Cards, Mortgages, Overdrafts and SME. The Decision Management System, a product offering from SAS, caters to the evolving needs of automated decisioning capabilities as it hosts credit scoring...