Manager - Financial Risk Management

Overview

Protiviti Middle East Member Firm seeks a seasoned Manager to spearhead engagements within the Financial Risk Management (FRM) sector across the Middle East. This position demands a balance of technical expertise and advisory capabilities, entrusting the individual with comprehensive project oversight and primary responsibility for communication with clients and senior stakeholders.

Key Responsibilities

• Lead comprehensive delivery of FRM projects covering credit risk, Basel III/IV capital adequacy, model risk management, and portfolio analytics.
• Serve as the main contact for clients, managing expectations and resolving issues to achieve project goals.
• Prepare and deliver high-level reports and recommendations to executive and board stakeholders within financial institutions.
• Contribute to proposal creation and participate in business development alongside senior leadership.
• Supervise and review technical tasks such as credit risk modeling (PD, LGD, EAD), IFRS 9 ECL assessments, stress testing, and scorecard development.
• Guide Basel III/IV compliance including ICAAP, RWA calculations, capital adequacy, stress testing, and recovery plans.
• Lead model development and validation projects ensuring compliance with regulatory directives including SR 11-7, ECB standards, and regional regulators.
• Manage portfolio analytics efforts addressing concentration risk, credit portfolio modeling, and limit framework design.
• Maintain rigorous quality control over analytical outputs, documentation, and regulatory submissions.
• Mentor and direct analysts and consultants, providing constructive feedback and career development support.
• Allocate and oversee resources ensuring consistent delivery excellence and team welfare.
• Collaborate with adjacent Protiviti divisions such as Operational Risk, Internal Audit, and Technology Risk on integrated projects.
• Develop and enhance methodologies, frameworks, and tools to advance Protiviti's FRM services.
• Track and interpret regulatory updates from BCBS, EBA, and regional central banks, converting insights into client-ready materials.
• Author expert client communications including alerts, white papers, and viewpoints on FRM topics.

Domain Expertise

Applicants must have strong mastery in at least three of these seven areas, with familiarity in the others:

• Credit Risk Management including credit lifecycle and IFRS 9 Expected Credit Loss calculations.
• Credit Analytics involving PD, LGD, EAD modeling, scorecards, calibration, and backtesting.
• Basel Capital Adequacy encompassing Basel III/IV, ICAAP, RWA optimisation, and recovery planning.
• Model Development covering statistical and machine learning models, feature engineering, and documentation.
• Model Validation consistent with SR 11-7 and ECB guidelines.
• Model Risk Management focusing on frameworks, governance, risk appetite, and regulatory communication.
• Portfolio Analytics such as concentration risk, sector analytics, limit frameworks, and stress testing.

Required Qualifications & Experience

• 8 to 14 years of financial risk management experience with at least 4 years in consultancy (Big 4, Tier-1, or boutique advisory)
• Bachelor's degree in quantitative fields like Finance, Math, Statistics, Economics, or Engineering; advanced degrees preferred
• Proven leadership in managing projects and client relations at senior levels
• Successful delivery of FRM engagements in banking or financial institutions preferably within GCC or MENA
• Excellent English communication skills with ability to create executive-level documentation independently

Preferred Qualifications

• Certifications such as FRM (GARP), CFA, PRM or similar
• Familiarity with GCC central bank regulations (CBUAE, SAMA, CBB, CBK, DFSA, ADGM)
• Competence in quantitative programming tools including Python, R, SAS, or MATLAB
• Experience coordinating multi-regional or multi-workstream projects
• Arabic language skills viewed as an asset