Work Experience: 5.0 Year(s) To 15.0 Year(s) Experience requirement: 6 To 10 YearsJoining Date: Immediate Joiner/ 30 DaysLocation: RiyadhKEY RESPONSIBILITIES:Developing a framework for risk appetite and risk tolerance limitsDeveloping the existing Risk Appetite framework.Developing Risk Appetite Statement (RAS) approved by the Board ofDirectors in line with the strategyDeveloping Tolerance Limits for the key risks.Developing a plan for maintaining and reviewing the Risk Appetite Framework and the Tolerance Limits.2 Developing credit rating policy, models and mechanismsDeveloping credit rating policies (including aspects of governance, develop-ment, utilization, validation, risks).Lead development of credit rating models for retail or corporate or SME or project finance portfoliosLead review, validation and enhancement of credit rating models for project finance portfolioDeveloping a risk-based pricing framework to include the following:Methodology for calculating Risk-Adjusted Return on Capital (RAROC) against the Economic Capital (EC).Methodology for risk-adjusted performance assessment of business, areas and product types based on the developed credit ratings.Implementation of IFRS 9 standards across BanksRecommend and implement a methodology for Stage wise allocation of assetsUpdate the current PD models and compute PD estimates as per IFRS 9 guidelinesDevelop LGD estimation technique and arrive at LGD estimates Develop EAD estimation techniques and arrive at EAD estimatesDevelopment and update of Policies and Procedures for Implementation of IFRS – 9Reporting for the aforementioned models. Design reports templates Developing / reviewing and enhancing stress testing models and approaches3 Reviewing and developing mechanisms for controlling the Credit PortfolioReview and develop working and monitoring mechanisms for credit Portfolio in order to include the following general objectives:Deep understanding and exposure to Credit risk management in Corporate/Wholesale portfoliosSetting the methodology/approach and standardizing risk measures and models.Carrying out portfolio stress tests.Undertake review of the credit portfolios of the Corporate Banking Group and/or SME Banking in order to monitor portfolio credit quality, identify portfolio trends with recommended actions for improvement in portfolio qualityIt is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration. We help you confidently address challenges and opportunities in technology, finance, transformation, business process, risk, compliance, transactions and internal audit. Apply NowInterested candidates are requested to apply for this job.Recruiters will evaluate your candidature and will get in touch with you.#J-18808-Ljbffr