| 1 | Job Title Lead, Model developer | Department Risk Management - NeoVentures |
| | Direct Supervisor SVP, Head of Risk Analytics and Capital Management | Pay band / Level: J |
| 2 | Job Purpose |
| | The Lead, model developer is a specialized technical function which requires a defined set of skills and experience. The position will support the model development and model performance monitoring. |
| 3 | Dimensions |
| | Operating Budget | | Number of Staff | - |
| | Capital Exp. Budget | | Other | - |
| 4 | Key Result Areas |
| | Technical & Delivery Responsibilities - Support the data preparation and model development, validation, and lifecycle management of Wholesale Rating Models
- Support model development and validation including:
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- Corporate/Wholesale Rating Models including Large Corporate, Mid Corporate, SME, Sovereign, FI, HNWI, Project Finance, and Specialized Lending
- Explore new approaches for rating model development for low default portfolios
- Master Rating Scale (MRS) calibration
Wholesale Model Monitoring - Outline the goals of model monitoring, considering factors like accuracy and other relevant metrics based on the model purpose
- Determine the expected performance of the respective models on historical data
- Implement monitoring tools to continuously assess model performance. This includes monitoring input data quality, predictions
- Communicate the model performance to relevant stakeholders to ensure the prompt attention to potential problems.
- Regularly review and improve the model performance process based on the feedback, change in underlying data and evolving business requirement.
Data Management - Lead end-to-end data lifecycle management for model development, including sourcing, profiling, transformation, and documentation.
- Identify data requirements for model development.
- Coordinate with IT and data engineering teams to streamline data pipelines required for model development .
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| 5 | Operating Environment, Framework and Boundaries, Working Relationships |
| | Regular interaction and working relationship with - Wholesale Risk Management
- Front-end Business Units
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| 6 | Problem Solving |
| | The role holder is expected to possess advanced analytical capabilities and problem-solving skills in order to: - Sound understanding of wholesale model development.
- Proactive and hands-on in solving complex credit / quantitative issues as they arise
- Possess strong verbal and written communication skills
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| 7 | Decision Making Authority & Responsibility |
| | The job holder is responsible for: - Supporting critical risk management and regulatory function within Mashreq Bank.
- Assisting with decisions that impact MB's domestic and international audit and regulatory compliance.
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| 8 | Knowledge, Skills and Experience |
| | Mandatory / Essential: - Strong foundation in Statistics and Mathematics.
- At least 4-5 years of banking experience, out of which 1-2 years are spent in related areas
- Strong analytical skills and knowledge on Financial Risk Management
- At least 2-3 years of banking experience in related areas
- Excellent computer skills (especially R, Python, SAS, Excel, Visual Basic, SQL & Oracle)
Desirable: - Postgraduate or professional qualification in risk management or finance such as CFA, FRM, PRM.
- Experience of developing teams in a multi-jurisdictional and matrixed organization.
- Understanding and experience of BCBS frameworks, CBUAE regulations relating to model management standards.
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| Job Holder | Date | Line Manager | Date |
| Approved By | Date |
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