Summary
EY is seeking a Credit Risk Modelling Audit Specialist for its Assurance ECL Valuation team in Dubai. The role focuses on auditing IFRS 9 credit risk models, reviewing model development and validation, assessing performance, and examining credit risk processes and governance. Candidates need a postgraduate degree in a relevant field and at least three years of relevant credit risk modelling or audit experience; five or more years are expected for the managerial role. Experience with IFRS 9, CECL, PD/EAD/LGD models, and SAS, R, or Python is requested.
The posting
As published on ey.com. Pulled from the employer's site and shown as they wrote it.
From small businesses to some of the world’s best-known brands, our clients count on reliable financial statements, information, and processes to inform their on-going strategies. More than ever, business is about interpreting and reacting to complex data - and our clients look to us for advice and services they can trust every time. You will use your professional skills and experience to make it happen across a broad range of industries and responsibilities.
Our tailored external audit services help build trust and confidence through transparency, clarity and consistency. We are 79,000+ professionals based worldwide across 150 countries. Audit services involve reporting on the fairness in all material respects with which a client’s audited financial statements are presented, in conformity with the applicable financial reporting framework.
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
Technical Skills:
- 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.
Soft Skills:
- 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 look for
We are interested in entrepreneurs who have the confidence to develop and promote a brand-new strategic vision both internally and externally. You will be business savvy with a passion for innovation as well as the motivation to create your own EY journey.
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. Plus, we offer:
- 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.
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
The exceptional EY experience. It’s yours to build.
EY | Building a better working world
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.