Banking + 2 more
Description
Job Purpose
Develop rating, ifrs9 and stress testing credit risk models for the portfolio ensuring that all underlying models are fit for purpose duly evidenced through relevant statistical tests, business and economic sense.
Develop modeling methodologies, remediation techniques, in line with the Bank / department's standards.
Comply with regulatory Model Risk Management Standards, track model health and model usage.
Review validation and audit findings to plan and execute remediation within agreed timelines.
Ensure implementation of model development process and lead internal communication to guide model redevelopment / optimization / recalibration/ monitoring activities.
Provide support in designing of risk DataMart for future modeling activities.
Provide support, feedback, mentoring, and work oversight to the team.
Keep abreast of industry and regulatory developments, and evolving expectations.
Review own performance and deliverables in line with the approved KPl's to ensure meeting desired objectives.
All the above accountabilities include but are not limited to any additional/new tasks or responsibilities assigned by the line Manager.
Dimensions / Context (scope of the job – responsibility for managing)
To assist in the determination of Bank’s capital requirement based on Basel Capital Accords for Pillar-I, Pillar-II, Pillar-III risks
Stress Testing using qualitative and quantitative assessment and analysis of all risk issues.
Job Complexity/Judgment
Ability to come up with solutions to solve data related problems.
Ability to develop models for complex products.
Ability to come up with methodology to determine identification of risk issues.
Ability to come up with methodology to assess various risk dimensions.
Ability to provide framework and policy guidelines to do qualitative assessment of risks.
Ability to communicate with senior management.
Ability to maintain effective communication with all internal and external stake holders.
Key Relationship (Internal & External)
Internal:Mainly: Business, Risk, CA Dept., Finance, IT and Audit
External: Central Bank of Kenya, and other Regulatory bodies regulatory agencies. Systems/application vendors and consultants.
Job Specification
Education
Training/ Skills
Analytical Ability - Advanced
Operational Risk Management - Advanced
Conduct Risk Management - Intermediate
Market Risk Management - Intermediate
Risk Policy design and development - Intermediate
Credit Risk Management - Expert
Work Experience
Competencies
Think & Act Customer - Applying
Business & Strategic Acumen - Applying
Ownership & Accountability - Applying
Change & Innovation Agility - Applying
Plan & Execute to Excel - Applying
Digital Mindset – Applying
Develop Self & Nurture Teams - Applying
Forster Synergy - Applying
Interpersonal Effectiveness - Applying
Organization Reporting Relationship
Reporting to: Senior Manager, Credit Policy & Portfolio Management
Subordinates: None
Other positions in the same unit: None
Start hiring with Fuzu
Recruit better talent faster - on your own or with our support.
Explore recruitment platformJob search tips from Fuzu
Selected articles on cover letters, CV structure, and interview preparation.