Director - Model Development - Credit Risk/Market Risk

Director - Model Development (Credit Risk/Market Risk) (15-20 yrs)

Role Summary:

Lead the development, implementation, and governance of credit risk models across retail and wholesale portfolios. Drive advanced analytics, ensure regulatory compliance, and enable data-driven credit decisioning across the organization.

Key Responsibilities:

- Lead end-to-end development of PD, LGD, EAD models for retail and wholesale portfolios.

- Build and enhance IFRS 9 / CECL expected credit loss (ECL) models

- Develop application scorecards, behavioral scorecards, and collections strategies

- Design stress testing and scenario-based credit risk models

- Ensure compliance with regulatory frameworks (Basel, IFRS 9, SR 11-7)

- Maintain robust model documentation, validation packs, and audit trails

- Partner with Model Validation, Risk, and Audit teams for approvals and reviews

- Drive adoption of machine learning, alternative data, and AI-driven models

- Lead automation, model industrialization, and cloud-based deployment

- Enhance model performance through continuous monitoring and recalibration

Key Skills & Qualifications:

- Strong experience in credit risk modeling (PD, LGD, EAD)

- Hands-on expertise in Python, SAS, R, SQL

- Knowledge of statistical techniques (logistic regression, survival analysis, ML models)

- 12-18+ years of experience in credit risk / model development

- Proven track record of leading large teams and global stakeholders

- Advanced degree in Statistics, Economics, Finance, Mathematics, or Engineering

- Exposure to GCC / global delivery models