Market Risk and Model Validation Manager


Duties and responsibilities

  • Acting as a market risk expert, in particular for IRRBB
  • Leading the ongoing development of a clear framework in particular methodologies and policies to identify, monitor and quantify IRRBB on the bank’s balance sheet
  • Supporting the development of market risk related models including model design, calibration and validation; stress testing; backtesting; usage; reporting; and model governance
  • Supporting and providing market risk insight into capital planning, funding plans and funds transfer pricing
  • Owning the respective risk management policies relating to market risk and consolidate market risk reporting requirements, including additional sensitivity measures
  • Managing and maintaining the risk models inventory
    Maintain and execute risk model validation processes, including those related to credit risk models

Required knowledge, skills and experience

  • Relevant experience working in IRRBB risk, Treasury and/or market risk
  • Very strong knowledge of IRRBB measures (EVE and NII)
  • Very strong understanding of behaviouralisation such as prepayment modelling
  • Strong understanding of balance sheet modelling and projections
  • Up to date with current market and economic trends
  • Quantitative problem-solving skills
  • Hands-on experience in programming Python or R and using SQL

Open Call – Graduate Program


We are currently on the lookout for students who have or about to complete their course and are interested in starting their career adventure with us. We have various roles which may be of interest to you

Open Call – Internship


We are currently on the lookout for students who are interested in starting their career adventure with us. We have various roles which may be of interest to you

Risk Officer – Organisational and Operational Support


The duties and responsibilities of the role consist of supporting the Belgian Risk team in the following key organisational aspects 

  • Participating in the preparation and ensuring timely availability of key risk metrics on various portfolios (Corporate Lending, Structured Finance, Mortgage Loans, and Treasury Instruments) and coordinating the production of the monthly Management Risk Reports as well as preparing other periodic reporting and sets of information requested by the external auditor and the regulators 
  • Supervising data quality/availability and making sure these are consistent with internal/external definitions
  • Monitoring the evolution of the portfolios against key risk indicators with critical eyes and ensuring the businesses are evolving within Risk Appetite limits and developing/improving the various risk monitoring dashboards in the light of the developments of the different businesses (e.g. Belgian mortgages)
  • Performing deeper research and analyses, including interacting with the different stakeholders (business representatives, Finance, Risk Analytics, Business Intelligence, …), to clarify potential errors, and abnormal deviations or to address specific topics
  • Acting as Secretary of different management committees incl. the Belgian Management Risk Committee (responsible for the schedule, collating the agenda and preparing the minutes)
  • Supporting the Belgian Risk team in the development of the Bank’s activities relating to wider Risk projects such as reviewing and updating the key risk documents (Frameworks, Policies, Inventories, Limits, procedures, Risk Control Self-Assessment, Internal Control Report, …), participating in the ICAAP/ILAAP exercises, etc.
  • Assisting in implementing recommendations made by internal and external auditors/regulators

Required knowledge, skills and experience

  • Master’s degree in Eeconomics or Management (with or without experience) or other Bachelor/Master with at least 2 years related experience in Risk Management
  • Experience in monitoring key credit risk parameters on Corporate and/or Retail portfolios is a plus
  • Excellent analytical skills, rigorous with a strong sense of precision
  • Advanced knowledge of MS Office suite (Excel, Word, PowerPoint) and some notions of VBA (or programming in other languages) is a plus
  • Appetite for data analysis (e.g. extracting from databases, processing and analysing business data linked to credit risk and preparing resulting presentations for management)
  • Capacity to address discussions, developments, and enhancements with other stakeholders with regard to the technical aspects of Risk Management
  • Be able to work independently in a well-organized manner, be hands-on, solutions-oriented and enthusiastic to “go the extra mile”
  • Strong communication skills in English (written and spoken) is a must
  • Professional knowledge of French and/or Dutch is a plus
  • Demonstrate commitment, reliability, personal integrity, honesty, and respect

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.