Head of Model Validation and Model Governance Jobs In Dubai UAE 2023 | Abu Dhabi Islamic BankFor More Top Organization Jobs Click HereThis position sits in Group Risk Management reporting to the Head of Enterprise Risk Management. To ensure the independence of Model Validation team, the head of this unit has direct access to the Group Chief Risk Officer and to the Enterprise Risk Committee (ERC) to escalate and discuss any model related matters.Accountabilities:Lead the implementation of the model validation framework in line with IFRS9 and Basel Requirement, among various asset classes and facility types.Validate and review the rating risk models, scorecards, macroeconomic overlay models and all the model recalibration (Retail and corporate) by ensuring that the model development and review are in line with the banks’ policy and procedure.Support the modelling team to ensure that risk models are fit for purpose and meet the demands of internal risk management and regulatory requirements.Lead the development of statistical tools in Excel/VBA/R/SAS to analyze risk models sensitivity and behaviour. Also review the model documentation to ensure that it captures model theory, sensitivity and limits.#J-18808-Ljbffr