Senior Risk Management Specialist

Lead a team of experts in developing innovative risk management solutions.

This key role is responsible for overseeing the development of wholesale risk models and collaborating with senior leadership to implement effective risk governance practices. Key areas of focus include:

• Strategic Leadership
• Drive business growth by establishing a Centre of Excellence for Wholesale Rating Models, scaling its impact through expert mentorship and training.
• Contribute thought leadership in model development and validation best practices.
• Maintain awareness of regulatory updates (Basel guidelines, IFRS 9, local regulations, rating agency methodologies) and incorporate them into model design.
• Develop and implement independent research and innovation strategies.

Stakeholder Engagement

• Prepare compelling presentations and communicate effectively with Senior Management and Board-level committees.
• Engage stakeholders across the credit lifecycle: Limit Management, Collateral Management, RAROC, Customer Rating.
• Review financial spreading logic in newly developed credit lifecycle systems.
• Support governance and audit readiness through proper model documentation and transparent development practices.

Technical Deliverables

• Design an end-to-end process for development, validation, and lifecycle management of Wholesale Rating Models.
• Develop and validate corporate/wholesale rating models, including Large Corporate, Mid Corporate, SME, Sovereign, FI, HNWI, Project Finance, Specialized Lending.
• Explore new approaches for rating model development for low default portfolios.
• Master Rating Scale (MRS) calibration.

People Management

• Build, mentor, and lead high-performing teams of modelers and consultants.
• Drive capability building and continuous learning within the team through training, peer reviews, and knowledge sharing.

Model Monitoring

• Determine expected model performance on historical data.
• Implement monitoring tools to assess model performance, including input data quality and predictions.
• Communicate model performance to relevant stakeholders for prompt attention to potential issues.
• Regularly review and improve the model performance process based on feedback and evolving business requirements.

Climate Risk Analytics

• Develop statistical climate risk models incorporating economic and social data to understand climate risks.
• Assess the impact of different climate scenarios on identified financial risks.
• Develop adaptation strategies to mitigate relevant climate risks.
• Establish a system for continuous climate date monitoring and update climate risk models as needed.

Requirements

• Strong foundation in Statistics and Mathematics, with hands-on experience in developing and validating wholesale rating models and understanding model lifecycle best practices.
• Proficiency in programming languages such as R and Python, with expertise in data analysis and visualization using Excel and PowerPoint.
• Hold a degree in Statistics, Mathematics, Computer Science, Quantitative Finance, Economics, Engineering, or a related field.
• Excellent communication skills, both written and spoken, with fluency in English and ability to convey complex technical concepts clearly to both technical and non-technical stakeholders.
• 10-15 years of progressive risk management experience within banking sector, with deep understanding of risk management concepts and methodologies.
• Demonstrated capability to apply risk management concepts, analysis, and support to strategic decision-making processes.
• Outstanding interpersonal and influencing skills, with personal credibility and ability to influence stakeholders at all levels, particularly senior colleagues.