Manager - Model Development

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About the business area - Group Risk Management

ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank’s long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.

In this role, your key responsibilities include:

• To conduct the development, implementation and monitoring of a suite of credit models and climate risk methodologies, and metrics compliant with requirements set forth by the Central Bank of UAE (CBUAE) and to provide tools to ensure that the bank’s exposure to credit risk is maintained within Board approved limits and regulatory requirements
• Develop fit-for-purpose credit risk models meetings business and regulatory requirements.
• Conduct recalibration exercise when required ensuring the models remain fit for ECL and economic capital calculation.
• Contribute to the bank’s climate stress testing initiatives by developing scenario-based and data driven modelling tools.
• Support the design and enhancement of AI/ML based modelling approaches for credit decisioning, risk segmentation and early warning systems.
• Obtain business requirements for model development and provide information on models to stakeholders.
• Present models ‘result to Senior Management (Model Risk Management Committee).
• Manage self or external vendors (when required) in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximize own & vendors’ contribution to business performance.
• Prepare data requested for ECL production on a monthly basis, review and revise all tables, fix any anomalies generated by the system and analyze the results in order to ensure an accurate calculation of the provision at account level for the bank when reporting to central bank
• Support the team in conducting Credit Risk and Climate Risk stress testing in order to assess the impact on bank profitability, capital and solvability and prepare executive and risk committee presentations
• Participate (when required) to the Internal Capital Adequacy assessment exercises in order to provide reports to executives, ADCB risk committees and the Central Bank and ensure continuous improvement on internal assessment of risks.
• Implement approved departmental policies, processes and procedures, and ensure employee adherence so that work is carried out to the required standard while delivering the required standards of service to customers and stakeholders
• Demonstrate Our Promise and apply the ADCB Service Standards to deliver the bank’s required levels of service in all internal and external customer interactions

The ideal candidate should have the following experience

• At least 5 years of experience in a credit risk modeling function in an international financial institution with implementation experience of third party risk system platforms such as MRA and FERMAT. Excellent understanding of Basel II/III standards
• Master’s Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar)
• PRM/FRM/equivalent Professional Risk Management qualification
• Hands-on experience in developing or validating credit risk models (PD, LGD, EAD for both Retail and Wholesale) from end to end.
• Hands-on experience with AI/ML techniques (e.g. decision trees, gradient boosting, neural networks) and their application in risk modelling is a strong advantage.
• Understanding of climate risk modelling or ESG risk analytics is desirable.
• Regulatory and Compliance Knowledge (CBUAE and Basel)
• Planning, Forecasting and Monitoring (Stress Tests, ICAAP)
• Database Management and Administration Financial Statement Analysis (MRA, scorecard, portfolio ratings)
• Financial Statement Review (MRA, scorecard, portfolio ratings)
• Advanced MS Office (Word, Excel, PowerPoint, Outlook, Access)
• Deep understanding of credit risk capital calculation, stress testing and RAROC
• SAS, R, Python, VB or other statistical modeling software and database management languages such as SQL.
• Written and spoken English
• Analytical skills

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.