INTEGRATED STRESS TESTING & RISK ASSESSMENTS OFFICER / SENIOR OFFICER-(260000VC)
1. Assist in the design, implement and ensure ongoing enhancement of CIB’s integrated stress testing program
2. Review the Integrated Stress Testing Policy, and necessary documentation for the purpose of assessing the Bank’s resilience to unfavourable shocks to formulate forward looking strategies to mitigate those shocks.
3. Review CIB Stress Testing & Reverse Stress testing reporting on periodical basis, to ensure efficient and accurate assessment of Stress testing impact on CIB’s Financial Indicators and Capital.
4. Assist in reviews of the stress testing results; where any deficiencies are documented and presented to management for review to support effective setting of Risk Appetite.
5. Assist in the modeling and implementation of Basel IRB and IFRS 9 projects, aligned with best practice and CBE Guidelines, including modelling the Probability of Default (PD) (Point in time (PIT) and Life Cycle PDs), in addition to IFRS9 Staging, LGD and EAD Modelling.
6. Review all collected required data from various lines of business within the bank to support the implementation of the Basel Probability of Default (PD) model initiation, maintenance and validation that provides the likelihood of a default over a particular time horizon, in addition to LGD and EAD Modelling.
7. Assist in enhancing Budgeting Methodology to account for the impact of the macroeconomic indicators on the bank financials.
8. Ensure smooth workflow with internal and external parties in terms of replying to various inquiries related to CBE and international best practices changing requirements regarding Stress Testing framework, Basel accords, & macroeconomic indicators
9. Assist in conducting a High-Level validation and back-test processes & procedures on the assumptions and results and then re-assess the adjusted modelling as necessary to test model forecasting power and data quality.
10. Assist in Board Risk Committee (BRC) administrative work including consolidation, and distribution of BRC packs to Committee members & attendees.
Maintain Stress Testing Library.
Qualifications & Experience:
Skills:
Egypt
Back Office
RISK
Day JobJob TypeFull-time Employee
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, NBE increased its shareholding to 99.9%, changing the Bank’s name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till reaching 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired NBE stake. In July 2009, Actis, a leading emerging markets private equity firm, invested US$ 244 million to get shares in CIB, acquiring hence 50% of the Ripplewood Holdings Consortium’s stake. Five months later, Ripplewood sold its remaining 4.7% stake over the open market, marking the successful transition of strategic partnership to be with Actis, who then became CIB’s largest shareholder with a 9.1% stake. In March 2014,Actis sold a portion of its holding, representing 2.6% of the Bank’s total outstanding shares, in the open market to a group of international investors. In May 2014, Actis, successfully realised its investment in CIB and sold its remaining 6.5% to Subsidiaries wholly owned by Fairfax Financial Holdings Ltd “Fairfax”.
CIB is Egypt’s leading private sector bank, offering a broad range of financial products and services to its customers, including enterprises of all sizes, institutions, households and high-net worth individuals. CIB strives to provide superior financial solutions to meet all customers’ needs. Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. CIB shows tremendous potential within the bourgeoning Retail and SME Banking markets. Through its superior management, high-operating standards, corporate governance best practices and training programs,CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.
