Multiple Roles - ECL Valuation Specialist - MENA Region
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Key skills for this role
About the Role
EY is seeking a Credit Risk Modelling Audit Specialist to join the Assurance ECL Valuation team, focusing on external audit of credit risk models (IFRS 9) for MENA clients. You will conduct technical reviews of model development and validation, perform substantive testing, and support banking risk engagements.
Key Skills for This Role
Responsibilities
- Act as a technical specialist on the external audit of credit risk models (IFRS 9) at audit entities
- Conduct technical reviews of model development and validation documentation, including assessment of model performance and independent replication
- Review end to end credit risk processes, including governance, policy, and procedures
- Perform substantive testing and technical analysis for workstreams within IFRS 9 and credit risk modelling engagements
- Support a broad range of banking risk related issues, contributing to both regional and national propositions
- Stay abreast of changing requirements in IFRS 9 and validate or build credit risk measurement models, including challenger models
Requirements
- Postgraduate degree in Finance, Economics, Mathematics, Statistics, or related field
- 3+ years of relevant experience in credit risk modelling or audit (5+ for managerial role)
- Practical knowledge of credit risk modelling techniques and regulatory requirements (IFRS 9, CECL)
- Hands on experience in model development, validation, and performance assessment (PD/EAD/LGD models)
- Proficiency in programming languages such as SAS, R, or Python
- Strong understanding of credit risk processes, governance, and documentation
Full Job Posting
The Opportunity
- EY is seeking a Credit Risk Modelling Audit Specialist to join our Assurance ECL Valuation team, focusing on the external audit of credit risk models (IFRS 9) for our MENA audit clients.
- This is a unique opportunity to work with leading financial institutions, leveraging your technical expertise to deliver high quality assurance.
Key Responsibilities
- Act as a technical specialist on the external audit of credit risk models (IFRS 9) at audit entities.
- Conduct technical reviews of model development and validation documentation, including assessment of model performance and independent replication.
- Review end to end credit risk processes, including governance, policy, and procedures.
- Perform substantive testing and technical analysis for workstreams within IFRS 9 and credit risk modelling engagements.
- Support a broad range of banking risk related issues, contributing to both regional and national propositions.
- Stay abreast of changing requirements in IFRS 9 and validate or build credit risk measurement models, including challenger models.
Skills And Attributes For Success
- Experience in credit risk modelling within a financial or professional services firm.
- Practical knowledge of credit risk modelling techniques and regulatory requirements (IFRS 9, CECL).
- Hands on experience in model development, validation, and performance assessment (including PD/EAD/LGD models for Retail/Wholesale banking).
- Proficiency in programming languages such as SAS, R, or Python.
- Strong understanding of credit risk processes, governance, and documentation.
- Excellent oral and written communication skills.
- Strong planning, project management, and networking abilities.
- Ability to communicate risk/finance requirements across functions.
- Flexibility and agility to contribute to a broad range of banking risk engagements.
- Ability to mentor junior staff and enhance model creation.
- Strong analytical and problem solving capabilities.
Qualifications
- A postgraduate degree in Finance, Economics, Mathematics, Statistics, or a related field.
- 3+ years of relevant experience in credit risk modelling or audit.
- 5+ years of relevant experience is expected for managerial role.
- Experience with data extraction, pre processing, modular model development, and model validation and model performance assessments.
What We Offer
- We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business.
- Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
- Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
- Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
- Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.
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