Job Title: Senior Economic Capital Modeling Specialist
Location: UAE (Remote)
Employment Type: Full-Time
Work Arrangement: Fully Remote
Level: Senior
About UsWe are seeking a highly analytical and technically proficient Senior Economic Capital Modeling Specialist to develop, maintain, and enhance economic capital models used to assess enterprise-wide risk exposure, capital adequacy, and financial resilience. This role is suited to an experienced risk modeling professional with strong quantitative expertise and a solid understanding of financial risk, capital allocation, and stress testing methodologies.
The successful candidate will collaborate with enterprise risk management, actuarial, finance, treasury, and regulatory reporting teams to quantify material risks, evaluate capital requirements, and support strategic decision-making through robust, transparent, and well-governed economic capital models.
Key Responsibilities Economic Capital Modeling: Design, develop, validate, and maintain economic capital models that quantify the capital required to withstand unexpected losses across relevant risk categories. * Risk Quantification: Assess credit risk, market risk, operational risk, insurance risk, liquidity-related exposures, and other material risks according to the organization's business profile. * Model Methodology: Apply appropriate statistical techniques, probability distributions, loss models, correlation structures, and risk aggregation methodologies to estimate capital requirements. * Capital Aggregation: Develop methodologies for aggregating risk exposures across business units, portfolios, legal entities, and risk categories while accounting for diversification benefits and concentration effects. * Scenario Analysis: Conduct stress testing, sensitivity analysis, reverse stress testing, and adverse scenario assessments to evaluate capital resilience under severe but plausible conditions. * Model Calibration: Calibrate key assumptions, parameters, risk factors, confidence levels, and time horizons using historical data, expert judgment, and forward-looking risk assessments. * Data Analysis: Assess data quality, completeness, consistency, and suitability for modeling purposes, working with data and technology teams to resolve material data limitations. * Capital Allocation: Support the allocation of economic capital to business units, products, portfolios, and risk-taking activities to improve risk-adjusted performance measurement. * Risk-Adjusted Performance: Provide analytical support for measures such as risk-adjusted return on capital (RAROC), economic profit, and capital efficiency assessments. * Model Validation: Coordinate independent model validation activities, back-testing, benchmarking, sensitivity testing, and documentation of model limitations. * Model Governance: Maintain comprehensive model documentation, assumptions registers, validation evidence, change logs, and controls in accordance with internal governance standards. * Regulatory and Industry Alignment: Support assessments of relevant UAE regulatory expectations, Basel capital frameworks where applicable, and other recognized risk management standards. * Management Reporting: Prepare clear and concise reports explaining capital estimates, key risk drivers, diversification effects, sensitivities, and emerging risk concentrations. * Cross-Functional Collaboration: Work with finance, actuarial, treasury, credit risk, market risk, and enterprise risk teams to reconcile model outputs and support consistent risk measurement. * Continuous Improvement: Identify opportunities to improve model accuracy, computational efficiency, scenario coverage, data integration, and reporting automation. * Technical Leadership:* Provide technical guidance to junior analysts and contribute to the development of modeling standards, analytical methodologies, and best practices.
Qualifications and Experience
Key Performance Indicators (KPIs)Performance will be assessed against agreed technical, operational, and risk management objectives, including:
What We Offer
How to ApplyInterested candidates are invited to submit an updated CV highlighting their experience in economic capital modeling, quantitative risk analysis, capital allocation, stress testing, and model validation.
Applicants are encouraged to include examples of modeling projects, methodological improvements, automation initiatives, or measurable contributions to capital risk management.
Email Subject Line: Application – Senior Economic Capital Modeling Specialist (UAE Remote)
