companyRAK Bank logo

Risk Analytics Analyst - Model Development

On-site Full-time

Clicking Apply Now takes you to AutoApply where you can tailor your resume and apply.


Unlock Your Potential

Generate Job-Optimized Resume

One Click And Our AI Optimizes Your Resume to Match The Job Description.

Is Your Resume Optimized For This Role?

Find Out If You're Highlighting The Right Skills And Fix What's Missing

Experience Level

Entry Level

Qualifications

Bachelor's degree in Statistics, Mathematics, Economics, Banking, Engineering, or related fields. • Certifications in Credit Risk Modeling, SAS, and Python programming. • Minimum of 5 years of direct experience in credit risk modeling. • In-depth understanding of retail products, especially in the credit card domain. • Experience in statistical model development, including machine learning, utilizing tools such as SAS, Python, and R. • Familiarity with risk modeling regulations including Basel, IFRS9, and MMSG regulations.

About the job

Data Management
• Identify and evaluate valuable data sources while automating data collection processes.
• Prepare datasets for modeling applications.
• Conduct preprocessing of both structured and unstructured data.
• Analyze extensive datasets to uncover trends and insights.
• Utilize data visualization techniques to effectively present information.

Business Acumen
• Strong understanding of retail banking products, particularly in the credit card sector.

Model Development and Management
• Create and refine credit risk models tailored for retail portfolios (e.g., credit decisioning, PD, LGD, EAD, IFRS9), ensuring adherence to internal and regulatory standards.
• Validate that model outputs are suitable for daily business operations, underwriting decisions, and risk appetite strategies.
• Continually enhance models based on user feedback, regulatory requirements, and ongoing performance assessments.
• Collaborate closely with the Enterprise Risk Management (ERM) team for stress testing and ICAAP submissions.

Model Monitoring and Implementation:
• Ensure models remain precise, dependable, and compliant with regulatory standards.
• Conduct user acceptance testing to guarantee proper implementation of models within the operational systems.
• Address ad-hoc portfolio analysis requests promptly.
• Consistently realign models to monitor performance, offering ongoing guidance for retail portfolio lending activities.

• Develop, implement, and oversee risk models for the retail lending portfolio.
• Support the team in achieving efficient delivery of requirements set forth by management and external regulators.

About RAK Bank

At RAK Bank, we are dedicated to cultivating a culture of innovation, growth, and excellence. We are not merely a bank; we are a community that thrives on teamwork, advanced solutions, and the highest standards of governance.

Similar jobs

Tailoring 0 resumes

We'll move completed jobs to Ready to Apply automatically.