Model Risk Officer/Senior Officer

JOB PURPOSE

To assist in the design and implementation of a common and consistent Model Risk Management program to effectively manage Model Risk validation in accordance with internal policy and regulatory requirements. In addition to assisting the Model Risk Manager in managing framework for the bank with the objective of a forward-looking approach, coupled with a strong Risk Culture, and a robust IMMMR (Identification, Measuring, Managing, Monitoring and Reporting).

DESCRIPTION

Business Support

1.            Assist in setting up & applying validation methodologies of different types of Models Based on scoring, recommend, which Model, requires external or internal validation, as well as risk acceptance to ensure applying industry standards.

2.            Assist in ensuring Model Risk Documentation is in place to have a solid model inventory bank wide.

3.            Update the EUC inventory on annually basis and ensure the solid backup of the critical spreadsheets to monitor End User computing & ensure that a mitigation process is in place for critical spread sheets.

4.            Coordinate with the Vendor, Spreadsheet owner and project management to implement the automation process  

5.            Follow up with Model Risk Champions, Model owner, Project Management and Internal Consultant on the ongoing assessment to start the Automation and Validation process. 

6.            Assist in implementing appropriate technology in order to monitor Model Risk Management diligently.

7.            Prepare the Model Risk Standard Reports and action plans to be presented to NFRCC and BRC. 

Policies, Processes, and Procedures

8.            Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner

Day- to-day operations

9.            Follow the day-to-day operations related to own jobs in the Reputation, Strategic & Model Risks department to ensure continuity of work

Compliance

10.          Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks

Qualifications & Experience 
    Bachelor’s degree of Commerce, Business Administration, Accounting or its equivalent.
    For Officer:  1 to 3 years of relevant experience 
    For Senior Officer:  3 to 5 years of relevant experience 
    Statistics Knowledge 
    Certificate in IT is preferable
    Basic Knowledge in Business, It Management & Programming

Skills 
    Excellent command of English and Arabic languages
    Analytical skills
    Advanced excel modelling skills
    Must be adept in use of basic software such as MS Office, Internet and email.
    Analytical Skills 
    Problem solving