Job Title: Retail Credit Risk & Modelling Specialist (12 Month Contract)Location: Riyadh, Saudi Arabia
About the Role:We are seeking an experienced Retail Credit Risk & Modelling Specialist to join a leading financial institution in Riyadh, Saudi Arabia on a 12-month fixed-term contract. This role focuses on developing, validating, and enhancing credit risk models and analytics frameworks, supporting key risk and regulatory initiatives within a dynamic banking environment.
Key Responsibilities:Develop, calibrate, and validate IFRS9 models including PD, LGD, and EAD componentsBuild and enhance application and behavioural scorecards to support credit decisioning and portfolio performanceConduct model validation, stress testing, and ongoing monitoring across retail credit portfoliosPerform data analysis, segmentation, and exploratory data analysis to support modelling activitiesSupport portfolio risk analytics, model calibration, and performance trackingEnsure compliance with internal model governance standards and regulatory requirements
Key Requirements:Proven experience in retail credit risk modelling within banking, consulting or financial servicesStrong understanding of IFRS9, Basel frameworks and retail credit risk methodologiesHands-on experience with SAS, Python or R, SQL and Excel-based modellingStrong background in scorecard development, model validation, and portfolio analyticsExperience working within model governance frameworks and regulatory environmentsExcellent analytical skills, attention to detail, and ability to manage multiple modelling workstreams