Manager - Model DevelopmentEmbark 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:Group Risk ManagementADCB 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 Group 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 Development and Maintenance: Develop fit-for-purpose credit risk models meeting business and regulatory requirements, conducting regular performance measurement on model performance and recalibration exercise when required to ensure the models are fit for ECL and economic capital calculation Obtain business requirements for model development in order to provide information on models to stakeholders Present models result to Senior Management (Model Risk Management Committee) to ensure their understanding Conduct regular performance measurement on discriminatory power and back testing and calibrate/redevelop the model when necessary to ensure the model can be used in Expected Credit Loss (ECL) and economic capital calculations.

• Data Management and Analysis: Prepare data requested for ECL production on a monthly basis, review and revise all tables, fix any anomalies generated by the system and analyse the results to ensure an accurate calculation of the provision at account level for the Bank when reporting to Central Bank of the UAE (CBUAE).
• Stress Testing: Support the line manager in conducting stress testing in order to assess the impact on Bank profitability, capital and solvability and prepare executive and risk committee presentations.
• Internal Capital Adequacy Assessment Process (ICAAP) Reporting: Assist the line manager in the annual Internal Capital Adequacy Assessment exercise in order to provide reports to Executives, ADCB Risk Committees and the Central Bank and ensure continuous improvement on internal assessment of risks Participate in the annual Internal Capital Adequacy assessment exercise in order to provide reports to executives, ADCB risk committees and the CBUAE and ensure continuous improvement on internal assessment of risks.
• Advice and Guidance : Provide advice and guidance to various departments across the organisation in order to assist them with the application of credit risk models, policy and Risk Adjusted Return on Capital (RAROC) utilisation.
• Economic Capital: Conduct economic credit risk and concentration risk capital calculation on a quarterly basis and analyse the results in order to assess any increase in single name and sector concentration and report to senior management/CBUAE on a quarterly/annual basis.
• Research: Conduct research on industry-leading best practice to ensure that the Banks credit risk methodologies and models are continuously developed and refined.
• Policies, Processes, Systems and Procedures: Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders.
• Self-Management: Manage self in line with the Banks people management policies, procedures, processes and practices to ensure adherence and to maximise own contribution to business performance.
• 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 6 years of experience in a Credit Risk Modelling function in an International Financial Institution with implementation experience of third party risk system platforms such as MRA and FERMAT
• Masters Degree in Statistics, Mathematics, Finance or equivalent quantitative field
• Professional Risk Manager (PRM), Financial Risk Manager (FRM), or equivalent Professional Risk Management qualification
• Advanced understanding of models for credit risk parameters (Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD)) for both retail and wholesale Advanced knowledge of Basel accord and IFRS9 regulation and compliance requirements Deep understanding of credit risk capital calculation, stress testing and RAROC Knowledge on SQL, SAS, Python and VBA programming software Advanced MS Office skills Written and spoken English Analytical skills

What we offer:

• Competitive Salary: The indicative pay range for this role is AED 24,500 - AED 36,000 per month. 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.

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