INTEGRATED STRESS TESTING & RISK ASSESSMENTS OFFICER / SENIOR OFFICER

1.      Assist in the design, implement and ensure ongoing enhancement of CIB’s integrated stress testing program

 2.      Review the Integrated Stress Testing Policy, and necessary documentation for the purpose of assessing the Bank’s resilience to unfavourable shocks to formulate forward looking strategies to mitigate those shocks.

 3.      Review CIB Stress Testing & Reverse Stress testing reporting on periodical basis, to ensure efficient and accurate assessment of Stress testing impact on CIB’s Financial Indicators and Capital. 

 4.      Assist in reviews of the stress testing results; where any deficiencies are documented and presented to management for review to support effective setting of Risk Appetite.

5.      Assist in the modeling and implementation of Basel IRB and IFRS 9 projects, aligned with best practice and CBE Guidelines, including modelling the Probability of Default (PD) (Point in time (PIT) and Life Cycle PDs), in addition to IFRS9 Staging, LGD and EAD Modelling.

 6.      Review all collected required data from various lines of business within the bank to support the implementation of the Basel Probability of Default (PD) model initiation, maintenance and validation that provides the likelihood of a default over a particular time horizon, in addition to LGD and EAD Modelling.

 7.      Assist in enhancing Budgeting Methodology to account for the impact of the macroeconomic indicators on the bank financials.

 8.      Ensure smooth workflow with internal and external parties in terms of replying to various inquiries related to CBE and international best practices changing requirements regarding Stress Testing framework, Basel accords, & macroeconomic indicators

 9.      Assist in conducting a High-Level validation and back-test processes & procedures on the assumptions and results and then re-assess the adjusted modelling as necessary to test model forecasting power and data quality.

 10.   Assist in Board Risk Committee (BRC) administrative work including consolidation, and distribution of BRC packs to Committee members & attendees.

 Maintain Stress Testing Library.

Qualifications & Experience:

• Bachelor’s Degree in Accounting Finance, Statistics, Economics, Accounting.
• Recommended Master Degree in Statistics.
• Professional certifications such as FRM, PRM, CFA, FMVA or Similar are highly desirable.
• Expert in MS Excel, Access, Word, and PowerPoint is a must.
• Prior experience performing econometric and statistical modelling is highly recommended.
• Proficient with computer programs such as EViews, Python, R is highly desirable.
• Knowledge of Risk Management Principles and Basel Accords.

Skills:

• Fluency in Arabic and English.
• Strong analytical and problem- solving abilities.
• Excellent Analytical, Communication and Interpersonal skills.