Assistant Manager - Model Risk Management

Mashreq
Egypt
Workplace: RemoteFull timeFunction: Administration & Executive AssistanceEducation: mastersSkills: ["Communication","Proactive","Quantitative skills","Teamwork","Self-starter"]

Assist in end-to-end management of model risk across Mashreq, with focus on model validation and related activities. Work with credit risk models (PD, EAD, LGD, including Retail and Wholesale portfolios) and market risk models (VaR/PSRE/CVA/FRTB). Help maintain enterprise model validation standards and governance, measure model performance metrics and risk capital, and prepare reporting for senior stakeholders.

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FursaFursa
Mashreq
Mashreq
3 months ago

Assistant Manager - Model Risk Management

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Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 2 hours agoStatus: Live
Reposted: similar role first listed 1 week ago

Job Summary

Assist in end-to-end management of model risk across Mashreq, with focus on model validation and related activities. Work with credit risk models (PD, EAD, LGD, including Retail and Wholesale portfolios) and market risk models (VaR/PSRE/CVA/FRTB). Help maintain enterprise model validation standards and governance, measure model performance metrics and risk capital, and prepare reporting for senior stakeholders.
Location: Egypt
Workplace: Remote
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Manager level

Key Responsibilities

  • •Assist in end-to-end model risk management focused on model validation and related activities across Mashreq group.
  • •Work on credit risk models (PD, EAD, LGD) and market risk models (VaR/PSRE/CVA/FRTB) to support validation.
  • •Help maintain enterprise-wide model validation standards and support model risk governance (integrity, data validation, and related modeling activities).
  • •Measure key model performance metrics and risk capital, and prepare model performance reports for senior stakeholders.
  • •Answer complex theoretical/quantitative questions with a proactive, hands-on approach.

Key Requirements

  • •3+ years of experience in the BFSI sector with risk management and risk quantification processes.
  • •Master’s (or Bachelor’s with at least 2 extra years) in Statistics, Mathematics, Operations Research, Engineering, or a related field.
  • •Sound understanding of bank-wide risk analytics for credit and market model development/validation, including PD, EAD, and LGD (Retail and Wholesale).
  • •Strong knowledge of regulatory frameworks such as Basel and IFRS 9, with understanding of model development and validation processes.
  • •Hands-on experience with SAS, Python, or R for model development/validation, plus strong quantitative and written communication skills.
Experience:BFSI
Education:Master's in Statistics, Mathematics, Operations Research, Engineering (or related fields)
Skills:CommunicationProactiveQuantitative skillsTeamworkSelf-starter
Certifications:FRM
Languages:US
Tech Stack:SASPythonRExcelPowerPointWord

Company Brief

Mashreq
Mashreq Bank is a UAE-headquartered full-service bank offering retail, corporate, Islamic and digital banking, treasury, and capital markets services across the Middle East and internationally.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Dubai, United Arab Emirates
Founded: 1967
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