EY is seeking a Credit Risk Modelling Audit Specialist to join its Assurance ECL Valuation team in Dubai, focusing on the external audit of credit risk models (IFRS 9) for MENA audit clients. This is a unique opportunity to work with leading financial institutions, leveraging technical expertise in credit risk modelling to deliver high-quality assurance across the MENA region.
About EY — Building a Better Working World
Global Scale: 79,000+ professionals across 150+ countries
Mission: Building trust through assurance, helping clients grow, transform, and operate with confidence
MENA Presence: Dedicated Assurance ECL Valuation team serving leading financial institutions across the region
Services: Assurance, consulting, law, strategy, tax, and transactions
ECL Valuation — A Unique Technical Opportunity
IFRS 9 Specialization: External audit of credit risk models for MENA’s leading banks and financial institutions
Technical Depth: PD/EAD/LGD model development, validation, and independent replication
Regional Impact: Support both regional and national credit risk and banking risk propositions
Career Growth: Clear pathway from specialist to managerial level tied to depth of experience
Position Overview
This Credit Risk Modelling Audit Specialist role acts as a technical specialist on external audits of credit risk models (IFRS 9) at audit entities. You will conduct technical reviews of model development and validation documentation, assess model performance and perform independent replication, review end-to-end credit risk processes including governance and policy, perform substantive testing and technical analysis, and stay current on evolving IFRS 9 requirements while validating or building credit risk measurement models including challenger models.
Why This Role Matters: As Credit Risk Modelling Audit Specialist at EY, you work at the intersection of financial regulation and advanced quantitative modelling, conduct independent assessments of IFRS 9 models used by MENA’s top banks, apply Python, SAS, or R to real credit risk validation challenges, mentor junior staff, and build a global career within EY’s 79,000-strong professional community.
Key Responsibilities
Technical Audit & Model Review
- Act as a technical specialist on the external audit of credit risk models (IFRS 9) at audit entities
- Conduct technical reviews of model development and validation documentation including assessment of model performance and independent replication
- Review end-to-end credit risk processes including governance, policy, and procedures
- Perform substantive testing and technical analysis for workstreams within IFRS 9 and credit risk modelling engagements
IFRS 9 & Model Development
- Stay abreast of changing requirements in IFRS 9 and validate or build credit risk measurement models
- Build and assess challenger models as required
- Support a broad range of banking risk-related issues contributing to both regional and national propositions
Qualifications & Requirements
Educational Requirements
- Postgraduate degree in Finance, Economics, Mathematics, Statistics, or a related field
Experience Requirements
- 3+ years of relevant experience in credit risk modelling or audit (specialist level)
- 5+ years of relevant experience expected for managerial level roles
- Experience with data extraction, pre-processing, modular model development, and model validation
Technical Skills
- Experience in credit risk modelling within a financial or professional services firm
- Practical knowledge of IFRS 9, CECL, and regulatory credit risk modelling requirements
- Hands-on experience with PD/EAD/LGD models for Retail and Wholesale banking
- Proficiency in SAS, R, or Python programming
- Strong understanding of credit risk processes, governance, and documentation
Soft Skills
- Excellent oral and written communication skills
- Strong planning, project management, and networking abilities
- Ability to mentor junior staff and enhance model creation
- Flexibility and agility to contribute to a broad range of banking risk engagements
About EY — The Exceptional EY Experience
Join EY, a global leader in assurance, consulting, law, strategy, tax, and transactions with 79,000+ professionals across 150+ countries. EY’s Assurance ECL Valuation team works with leading MENA financial institutions, offering Credit Risk Modelling Audit Specialists continuous learning, performance-based recognition, transformative leadership development, and a diverse and inclusive culture where you can build the EY journey that’s yours to define.
Career Excellence: Shape MENA’s credit risk audit landscape with one of the world’s most trusted professional services firms.
Who Should Apply?
- Credit Risk Modellers: With 3+ years of IFRS 9 model development or validation experience
- Financial Services Quants: Proficient in SAS, R, or Python with PD/EAD/LGD model expertise
- IFRS 9 Audit Specialists: Experienced reviewing model governance, policy, and end-to-end credit risk processes
- Senior/Managerial Candidates: With 5+ years seeking a leadership role in the ECL audit space
- MENA Banking Professionals: Ready to apply technical credit risk expertise within EY’s regional assurance practice
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