Manager - Model Development (AVP)

"The Nation's Bank", National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position inthe area of of Risk Management based at Karachi.

The individuals who fulfill the below basic-eligibility criteria may apply for the following position:

Position / Job Title:
Manager - Model Development (AVP)

Reporting to:

Unit Head - Model Risk Management

Educational /Professional Qualification:

Minimum Graduation or equivalent preferably in Statistics / Finance / Economics / Actuarial Sciences from a local / international university / college / institute recognized by HEC of Pakistan.
Candidates having a Masters degree and / or any other relevant professional
certification(s) will be preferred

Experience:

Minimum 06 years of experience in a Bank and / or Financial Institution out of which at least 03 years in Model Risk Management and / or Risk Assessment and / or Quantification

Other Skills / Expertise / Knowledge Required:

Good analytical skills with an aptitude for quantitative analysis
Awareness of economic factors and their linkages / interrelationships
Basic knowledge of risk, controls and regulatory requirements
Good communication and presentation skills

Outline of Main Duties / Responsibilities:

To assist in developing and / or updating model risk management framework
To assist in developing and implementing IFRS-9 models, credit rating models, RAROC etc.
To validate and back test of credit risk ratings, IFRS-9 models
To maintain comprehensive documentation for all models, including methodologies and assumptions
To maintain MIS for model risk review and report results to risk committees and
relevant stakeholders
To monitor model performance to assess model accuracy, reliability and ensure compliance with regulatory requirements and internal standards
To perform any other assignment assigned by the supervisor(s)

Place of Posting:

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteriawill be invited for panel interview(s).

Employment Type:

The employment will be on contractual basis for three years which may be renewed ondiscretion of the Management. Selected candidates will be offered compensationpackage and other benefits as per Banks Policy / rules.

Apply within 10 working days from the date of this job posting.

Applications received after due date will not be considered in any case. No TA / DA will be admissible for interview.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.

Responsibilities