Risk Modeler

FIMBank View all jobs

  • Malta Island
  • Permanent
  • Full-time
  • 2 days ago
​Life @ FIMBank​FIMBank's success story is attributed to the dedication and commitment of our team. Every employee is a champion of the FIMBank brand and its underlying promise of quality, dynamism, commitment, and innovation. All our employees are given the opportunity to develop as professionals and to advance in their careers through our learning and development programmes.​About the JobWe are seeking to recruit a Risk Modelling Specialist within our Risk Management Department. The selected candidate will be responsible for assisting in the development, implementation and maintenance of models and processes for the classification, measurement, and impairment of financial instruments, ensuring the bank's compliance with the relevant regulations and accounting standards (IFRS9).​Duties and Responsibilities:
  • Maintaining and testing the bank's models, methodologies, and processes used for Expected Credit Loss on Stage 1 and Stage 2 assets.
  • Monitoring and preparation of reporting which analyses trends in ECL inputs including ratings, probability of default rates, loss give default rates, asset maturities, interest rates, macroeconomic variables and scenarios.
  • Conducting impact assessments of changes in regulatory developments and business activities on ECL calculations and updating model assumptions when required.
  • Supporting internal and external audits and regulatory reviews related to IFRS 9 reporting, model validation, back-testing, and governance processes.
  • Working closely with colleagues from the credit and finance teams to source and verify the data required for model inputs and outputs.
  • Assisting with the identification and classification of Stage 2 and Stage 3 assets.
  • Sourcing the relevant information to draw-up and update discounted cash flows for Stage 3 assets.
  • Ensuring compliance with the Bank's internal risk policies, guidelines, and regulatory requirements.
  • ​Staying adjourned and adhering to the latest AML/CFT policies and procedures.
  • Supporting other areas within the Risk Management Department to fulfil any other duties as may be required.
Qualifications and skills:
  • Possess a professional qualification in Banking, Accounting, Economics, Risk Management, or a related field.
  • Solid experience in the financial services industry with a minimum of 4 years' experience in credit modelling maintenance, validation and implementation.
  • Strong analytical and quantitative problem-solving abilities.
  • Strong verbal and written communication skills are essential for collaborating with various stakeholders and explaining complex concepts to non-technical audiences.
  • Experience with risk management tools used for Internal Rating, LGD and ECL calculations. Working knowledge of Moody's risk management tools (Credit Lens, Risk Calc, Impairment Studio) will be considered an asset.
  • Experience in dealing with auditors and other external parties who assess the bank's ECL methodologies and processes.
  • Experience in developing and maintaining risk-based pricing models and tools (Raroc).
  • Maintain a positive attitude, flexible, good team player with ability to work independently and to multi-task.
​What we offer:
  • ​Welcoming and professional environment;
  • Work with a proactive, forward looking Team;
  • Professional growth;
  • Internal/External Learning and Development opportunities.
  • Attractive salary;
  • Health, Life and Personal Accident insurance cover; and
  • Pension plan.
​Equal Opportunity StatementFIMBank is committed to diversity and inclusivity.

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