The Ugandan Jobline

Job Title:  Senior Financial and Data Modeler

Organisation: DFCU Bank

Duty Station: Kampala, Uganda

Reports to: Head of Data and Insights

About the Company:

DFCU Bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.

Job Summary:  Reporting to the Head of Data and Insights, the role holder will be responsible for developing financial models to support business strategy and improve decision-making accuracy, as well as sustaining the models in adherence to the Model Governance Framework.

Key Duties and Responsibilities:

• Design/develop/validate/deliver/review/maintain and enhance financial models in the following risk areas, Credit risk (e.g., AIRB, IFRS 9, Early warning, and credit scoring models), Market risk (e.g., VAR (Value at Risk), EAR (Earnings at Risk) models), Operational risk, Price risk (e.g., Risk-based pricing models) and Liquidity risk based on industry best practices.
• Support and work collaboratively with other quantitative and analytical areas such as forecasting and stress testing, customer behaviour modelling, and innovations such as Machine Learning and Artificial Intelligence.
• Train end users to ensure that they are well-equipped to run and make strategic decisions from model outputs.
• Prepare and Communicate model development documents (e.g., Model development plans, Model development technical documents and User guides) to key stakeholders.
• Ensure adherence to the model development policy, data governance framework, policies, and procedures.
• Ensure financial models adhere to the defined and agreed service level agreements (SLAs).
• Keep up to date with the latest technical developments within financial modelling and engineering and make sure that changes to the industry’s best practices are adopted.

Qualifications, Skills and Experience:

• A Bachelor of Science or Master’s Degree in Mathematical Finance, Financial Engineering, Mathematics, Statistics and Quantitative Economics/Econometrics.
• Professional qualification in FRM, CFA, and ACCA is an added advantage.
• Other qualifications, certifications, or professional memberships that relate to Financial Engineering, Financial Modelling, Data Analytics, Machine Learning and Data Governance.
• Two (2) to three (3) years of relevant experience in Credit Risk, Market Risk Model Development or Model validation/vetting team at a major financial institution.
• Knowledge of financial products and their modelling and calibration in both risk–neutral and real world across a wide range of products.
• Creativity in problem-solving.
• Excellent Mathematical and Statistical skills.
• Solid knowledge of common practices in credit risk, market risk and operational risk, including (PD, LGD, EAD, VAR, LDA, and Economic Capital) methodologies.
• Solid programming skills (e.g., Python/R, SQL, Visual Basic).
• Knowledge of other programming languages is an added advantage.
• Experience with numerical stress testing techniques is an asset.

How to Apply:

If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates, to the email address indicated below:

Vacanciesbank@dfcugroup.com

Deadline: 11th September 2024.

NB: Only shortlisted candidates will be contacted. Please note that all recruitment terms and conditions as stated in the HR Policies and Procedures Manual shall apply.

For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline

Related Jobs