Credit Risk Analyst jobs in United Arab Emirates

At RAKBANK, we are committed to nurturing a culture of innovation, growth, and excellence. We go beyond being a bank; we are a thriving community fueled by teamwork, advanced solutions, and unwavering standards of governance.

As a Senior Risk Analyst, your role is to assist the Enterprise Risk Management function in the Bank's internal Capital Adequacy Assessment Process & Stress Testing. This position will perform and improve on the Bank's Stress Testing programs through periodic enhancements to techniques used in assessing the Bank's capital adequacy.

Join us and be a part of shaping the future of RAKBANK!

• Assessment of Bank's Interest rate risk with thorough analysis on monthly movements and submission of this analysis for management consumption. Calculation and submission of all relevant reporting including central bank reporting on IRRBB. Periodic stress test of IRRBB to assess possible future scenarios and highlight potential portfolio risk to management.
• Assessment of Bank's Liquidity risk with thorough analysis on daily/monthly movements and submission of this analysis for management consumption. Calculation and submission of all relevant reporting including central bank reporting on liquidity risk. Periodic stress test of Liquidity risk to assess possible future scenarios and highlight potential portfolio risk to management. Assessment of early warning indicators and Liquidity scorecard to ensure sufficient liquidity in the bank and highlight any serious concerns to management well advance in time.
• Assist team in managing model risk through validation of statistical models developed by multiple teams in Risk management, including credit risk and market risk. Assist team in validating data, methodology, results, and application of models being developed.
• Active participation in annual ICAAP and Stress test exercises to assess above mentioned risks and other areas of ICAAP and stress test. Assist team in management of cross-border risk through monitoring of geo-political situation in high exposure countries.
• Assist in implementing Internal Capital Adequacy Assessment Process (ICAAP) and Stress Testing Framework in line with regulatory requirement and monitor industry-leading practices to suggest improvement in frameworks.
• Assist in execution of Enterprise-wide, portfolio & sub-portfolio level stress testing under multiple macro-economic stress scenarios for all Pillar I and Pillar II risks including execution of various credit risk stress scenarios with in-depth knowledge of IFRS9 models.
• Identify and assess the physical and transition risks associated with climate change, including extreme weather events, policy changes, and technological development and conduct scenario analysis and stress testing to understand the impact of climate risks on Bank's financial performance and reputation.
• Support in execution of periodic risk identification process within the organization, maintaining up-to-date risk inventory and performing through the cycle business model analysis.
• Recommend appropriate risk mitigations measures to close identified gaps during: risk assessment, audits and regulatory reviews along with the regular monitoring.
• Assessing the capital management, stress testing requirements and ensuring that the global and regional industry best practices on capital management are adopted.
• Support the development of the Risk Appetite Statement and perform regular monitoring of adherence to the risk appetite.
• Assist, via research, to advise on significant risk headwinds, and have a firm handle on risks that may arise from evolving conditions within the economy and/or regulatory developments.
• Delivering effective communications and managing relationships with key stakeholders across the Bank.

Minimum Qualification:

• Bachelor's degree in financial risk management, Actuarial Science, Mathematics, Statistics or equivalent.

Minimum Experience:

• Bachelor's Degree in Financial Risk Management, Actuarial Science, Mathematics, Statistics or equivalent.
• 5-8 years relevant working experience in Financial Institutions and or Risk Advisory.
• Proficient in MS Office and programming languages (SAS / SQL / Python / R).
• Good interpersonal, analytical, and presentation skills.
• Experience in dealing at all levels within an organization including senior management.
• Experience in operating within large governance structures.
• Results focused with an ability to identify pragmatic solutions.
• Self-motivated and highly organized with a proven track-record of taking ownership and responsibility for own workload.

What's In It for You:

• Pay for performance culture (Competitive and performance-linked compensation).
• Diverse workforce and inclusive culture.
• Career development and growth opportunities by design.
• Work with the best minds in the field.
• Get opportunities to bring your whole self to the organization and perform to your best.