Head Model Validation & Governance - Market RiskEmbark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.About the business area:ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Banks 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.We are actively seeking an ambitious professional to join our Risk Management team at ADCB to work alongside passionate colleagues who share your ambition to redefine excellence in UAE banking.In this role, your key responsibilities include:-Model Risk Framework:Validate all TMLR models, including, but not limited to:

• VaR models,
• Counterparty Credit Risk models,
• Liquidity Risk models,
• RRBB models,
• Front Office Pricing models,
• ALM models

To minimise model risk from TMLR models to the BankMaintain a comprehensive inventory of TMLR models along with model performance, review frequency, key model issues, this includes oversight of the Model Risk Framework for all ADCB Subsidiaries, to maintain accuracy and consistencyQuantify model risk and develop the risk appetite for model risk as a quantifiable model to enable appropriate action/policy decisions to be taken-Stress Testing and Models: Validate pertinent TMLR stress testing models to ensure that the ECL computation for the Bank is accurate-Internal Capital Adequacy Assessment Process (ICAAP):Validate the ICAAP process, models and reporting to mitigate all risk and ensure the correct capital assessment for the Bank as related to TMLR matters.-Model Risk Dashboards:Develop dashboards for model risk and feedback to influence risk policies in order to continuously improve the Banks risk and control policies and framework.-People Management:Manage self and team in line with ADCBs people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performanceManage the effective achievement of the teams objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximise overall performance, engagement and motivation.-Budget Management:Contribute to the preparation of the business areas budget and manage and monitor the financial performance against the budget so that areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalised upon.-Policies, Processes, Systems and Procedures:Recommend and implement improvements to departmental policies, procedures and processes covering all areas of activity so that all relevant procedural requirements are fulfilled while ensuring that ADCB delivers best-in-class services, products and innovation.-Continuous Improvement:Identify opportunities to contribute to organisational and departmental change initiatives, programmes and projects taking into account best practice and standards in the business environment.-Customer Service:Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Banks required levels of service in all internal and external customer interactions.SkillsThe ideal candidate should have the following experience-At least 10 years of experience in quantitative risk management that includes end-to-end development and/or validation of treasury, market, and liquidity risk models.-Bachelors Degree from a well-recognised university in a quantitative discipline-Masters or PhD in a quantitative discipline (e.g., Mathematics, Statistics, , Actuarial Science, Financial Engineering, Mathematical Finance, Engineering or Physics, Finance or Economics)-MS Office (Word, Excel, PowerPoint, Outlook)Excellent written and spoken EnglishExcellent communication skills across a range of different stakeholdersWell organised and independent work methodAnalytical thinking, goal driven with a capability of prioritisationAdvanced programming skills in Python, SQL, VBA (knowledge of R, MATLAB or SAS is an asset)Advanced knowledge of MUREX and Bloomberg systemsExperience in Data Management.

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