Banking Jobs In UAE | RAKBANK Careers

  Banking Jobs In UAE | RAKBANK Careers

Banking Jobs In UAE | RAKBANK Careers

RAKBANK announced on its official Linkedin page a vacancy

Senior Risk Analyst

Bank Careers In UAE

  • The banking industry in the United Arab Emirates (UAE) is one of the most vibrant and competitive sectors in the region. 
  • With its strong economic growth, UAE has become a hub for international financial services and investment opportunities. 
  • This has created numerous career opportunities for professionals from all over the world looking to make their mark on this dynamic market. 
  • A career in banking can be an exciting and rewarding experience with plenty of potential to progress within an organization or expand your horizons by switching jobs between different banks or even countries. 
  • The sector offers highly attractive salaries, benefits packages, great learning experiences as well as personal development prospects that are hard to find elsewhere. 
  •  Overall if you have right mix qualities along with relevant qualifications then there’s no better place than UAE when considering building long lasting successful careers in Banking Sector!

Job Responsibilities

  • Developing IFRS 9 Models (PD, LGD & EAD) for both corporate and retail products.
  • Developing PiT PD and PiT LGD models using macro-economic variables.
  • Automating the whole IFRS 9 modeling process for all the products using advanced SAS programming.
  • Re-developing and maintaining IFRS 9 Models quarterly/yearly.
  • Calculating ECL numbers for all the products monthly.
  • Interacting with finance team to improve/tune the IFRS 9 models.

Knowledge, Skills And Experience

  • Experience in corporate PD and LGD models.
  • Experience in PiT PD and PiT LGD models using macro-economic variables.
  • Experience in calibrating credit risk scorecards/models to use them for IFRS 9 ECL computation.
  • Capability in understanding and interpreting various statistics.
  • Minimum of 4 years’ of experience in IFRS 9 Corporate PD and LGD modelling.
  • Good functional knowledge of IFRS 9 model development and the entire process.
  • Experience in using credit risk scorecards/models in IFRS 9 ECL computation.
  • Experience in Advanced SAS programming.
  • Python/R programming is an added advantage.
  • Ability to work under high work pressure.

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