Website Emirates NBD
Emirates NBD, the leading Banking Group in the MENAT region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across Corporate, Retail, Islamic, Investment, and Private Banking, Global Markets & Treasury, Asset Management and Brokerage operations throughout the region.Emirates NBD, the leading Banking Group in the MENAT region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across Corporate, Retail, Islamic, Investment, and Private Banking, Global Markets & Treasury, Asset Management and Brokerage operations throughout the region.
Internal Audit Manager
Job Description
The Internal Audit Manager is responsible for supporting the Head of Internal Audit/Portfolio Head in providing internal audit services across Emirates NBD Group with a specialization in model risk, evaluating the adequacy and effectiveness of model risk related policies, procedures, and controls related to model development, validation, implementation, and ongoing monitoring across credit risk, market risk and counterparty credit risk models.
On a day-to-day basis you will be responsible for:
- Provide independent audit assurance on Bank’s compliance with CBUAE Model Governance and Management Standards.
- Play a critical role in enhancing audit methodologies and procedures to better address model risk and related regulatory matters.
- Identify and assess potential model risks related to credit risk- IFRS9 models, market risk models and counterparty credit risk models.
- valuate model documentation based on various aspects including – model data and parameters, design and methodology, usage, assumptions, and implementation that may impact the accuracy and reliability of financial reporting.
To be successful in this role, you will need the following skills and experience:
- Degree with specialization in a quantitative field such as mathematics, statistics, physics or computer science.
- Certification in Audit is desirable.
- 8 years’ experience working within Model Risk or Model Development.
- Banking or Consulting experience (clients within Banking) is essential.
- Experience with statistical modeling using large and complex datasets
- Sound knowledge of the Basel III Accord, familiarity with Basel IV, or sound knowledge of SR 11-7 regulations or similar applicable laws and regulations.
- Strong proficiency in programming using Python, R, SAS and/or SQL.
What we offer you:
- Competitive salary package
- Market-leading incentives
- Strong emphasis on work-life balance and wellbeing across the bank
- Preferential banking facilities for employees
- Generous annual leave entitlement and Private Healthcare
- World-class Learning & Development platform and career development
To apply for this job please visit fa-evlo-saasfaprod1.fa.ocs.oraclecloud.com.