Credit Risk Specialist

Overview

• JOB PURPOSE Dubai, UAE (On-site Bank Deployment) AED 8,000 – AED 10,000 per month (Allinclusive) On behalf of AJMS Global, the selected candidate will be deployed as a dedicated on-site resource embedded within a prominent banking client in Dubai. The professional will be responsible for the day-to-day operation, execution, and monitoring of the bank’s suite of risk models. The primary focus will be on Credit Risk Stress Testing and IFRS 9 / Impairment analytics, alongside the regular execution of capital, liquidity, and asset-liability management (ALM) frameworks. This role prioritizes rigorous data management, strict governance adherence, and accurate model execution. KEY RESPONSIBILITIES 1. Model Execution & Running (Core Focus)
• Periodic Model Runs: Execute existing quantitative models (both Excel-based and automated/softwarebased) according to their required monthly, quarterly, and annual reporting frequencies. Credit Risk & IFRS 9 Frameworks: Support and run the day-to-day execution of the IFRS 9 Expected Credit Loss (ECL) components and Credit Risk Stress Testing frameworks. Model Suite Maintenance: Maintain and operate additional core models across Capital Management (Capital Forecasting, Concentration, Funding Cost, Economic Capital), Stress Testing, and Asset Liability Management (EVE, NII, EAR, LCR, NSFR, Budgeting & Forecasting). Output Review: Perform robust "sense-checks" and output validations prior to submission for corporate business usage or regulatory reporting. Human Judgment Log: Apply and carefully document required human judgment and overlays in line with the bank's approved override policy. 2. Data Management & Quality Control
• Data Quality Checks: Conduct recurring validation checks for the completeness, accuracy, timeliness, and consistency of data feeding into all financial and risk models. Data Source Monitoring: Continuously monitor automated and manual data sources to identify and flag breaks, gaps, or data anomalies. AJMS Global
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• Exception Reporting: Log data management exceptions and cooperate tightly with internal IT/ infrastructure teams to ensure platform functionality. 3. Model Governance & Board Reporting
• Framework Adherence: Manage day-to-day operations aligned with the established model governance framework, handling escalation paths and functional roles responsibly. Model Risk Monitoring: Monitor, identify, and report underlying Model Risk trends during production cycles. Inventory Control: Keep the bank's comprehensive model inventory and lifecycle status logs fully current. Oversight Packs: Assist in preparing high-quality periodic reporting packs for the Model Oversight Committee and the Board. Override Management: Maintain the formal override register, routing any quantitative overrides through the sanctioned governance tracks. 4. Implementation & Infrastructure Liaison
• UAT Support: Deliver practical functional support during User Acceptance Testing (UAT) cycles for model updates, securing record-keeping that aligns completely with CBUAE guidelines. Spreadsheet Controls: Maintain strict spreadsheet version controls and validation configurations over all Excel-dependent systems. Parameter Updates: Perform minor parameter, documentation, or assumption adjustments stemming from immediate business or macroeconomic changes. QUALIFICATIONS & EXPERIENCE
• Education: Bachelor’s degree in a highly quantitative discipline such as Risk Management, Finance, Statistics, Financial Engineering, Economics, or Mathematics. Experience: 2 to 4 years of proven hands-on experience inside a commercial bank or top-tier financial professional services firm, directly specialized in Credit Risk modeling, IFRS 9 / ECL frameworks, and stress testing. Technical Proficiency: Elite-level command of Microsoft Excel (complex formulas, logic troubleshooting, and macro auditing) is mandatory due to the bank's spreadsheet dependency. Familiarity with specialized risk execution software platforms is a strong asset. Regulatory Insight: Foundational understanding of the Central Bank of the UAE (CBUAE) regulatory standards concerning model risk management and end-user computing controls. Attributes: Strong analytical eye for capturing data gaps, detailed documentation habits, and a collaborative mindset suitable for consulting assignments.