PwC Middle East
Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.
Why PwC
Established in the region for over 40 years, PwC Middle East employs over 6,000 people across 12 countries: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Palestine and the United Arab Emirates. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of local business environments across the Middle East region. Our tailored solutions help our clients meet the challenges and opportunities of doing business in the Middle East market, and beyond.
Business Unit Description
The Financial Services Consulting team at an unspecified company offers a comprehensive range of services to clients in the banking and financial services industry. The team assists clients with strategy and revenue growth by developing business plans, optimizing revenue generation, and analyzing product portfolios. They also provide operational excellence services such as organizational restructuring, corporate governance development, performance management, and cost optimization. Additionally, the team offers risk consulting services including risk appetite definition, framework development, and risk reviews. They also assist with technology enablement through system selections and implementation program management, as well as analytics.
Job Summary (Organizational Unit)
The Risk Consulting practice at an unspecified company provides clients with solutions to complex business problems and opportunities. The team works with large, complex companies to understand unique business issues and create sustainable change through innovation, data unlocking, risk and regulatory navigation, deal optimization, and cost alignment. As a member of the team, individuals help organizations become more effective by improving operations, managing costs, and aligning people, processes, and technology initiatives. The team also provides support for business growth and completes market and regulatory risk assessments. The focus is on addressing client agendas and the significant issues they face in the present and future.
Roles & Responsibilities
As a Senior Manager, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution.
PwC Professional skills and responsibilities for this management level include but are not limited to:
- Conceptualize, design and implement analytics/risk management frameworks, measurement methodologies and monitoring mechanisms across banks and financial institutions.
- Lead transformation engagements involving cross-functional initiatives cutting across risk, business, IT and operations.
- Developing and reviewing credit risk models and rating scorecards (covering retail and corporate portfolios), developing ICAAP and stress testing framework.
- Lead ML enabled fraud detection framework (application of state of art machine learning algorithms viz. XGBoost, ANN etc.) development to detect tax underreporting.
- Driving agile risk agendas and setting up risk ecosystems.
- Overhauling quantitative risk management frameworks
- Deal effectively with ambiguous and unstructured problems and situations. Initiate open and candid coaching conversations at all levels.
- Move easily between big picture thinking and managing relevant detail.
- Anticipate stakeholder needs, and develop and discuss potential solutions, even before the stakeholder realises they are required.
- Contribute technical knowledge in area of specialism.
- Contribute to an environment where people and technology thrive together to accomplish more than they could apart.
- Navigate the complexities of cross-border and/or diverse teams and engagements. Initiate and lead open conversations with teams, clients and stakeholders to build trust.
- Uphold the firm’s code of ethics and business conduct.
Skills And Competencies
- Extensive industry experience with Banks/FIs preferably in Risk Domain
- Extensive analytics/methodology expertise – Statistical model building
- Extensive consulting experience in risk/analytics domain
- End-to-end Risk Solution implementation experience Must demonstrate T-model of competency with deep expertise in a specific risk vertical – could include one or more of Risk Analytics, Credit Risk, ERM, ALM or Market Risk. In addition should demonstrate broad awareness of generic concepts covering a broad range of risk and regulatory domain areas.
- Good knowledge or prior experience of working on key regulations in FS space including IFRS 9, Basel II, Basel III, MIFID, FRTB would be an added plus.
- Excellent organisational skills, having the ability to prioritise workload whilst being resilient and being able to cope well under pressure and meeting tight deadlines.
- In depth financial sector acumen and the underlying market forces affecting the performance of organisations and their strategic objectives.
- Demonstrated track record in development and implementation of practical solutions to complex strategic challenges.
- Proven strong conceptualised thinking and analytical capabilities.
- Excellent English communication skills (verbal and written), particularly ability to articulate concepts and recommendations in written form (PowerPoint reports, charts etc.).
Education
Bachelor’s degree in Finance, Business, and Economics, Technology or other related major required.
Qualifications & Experience
10+ years of experience in the Financial Services field. In depth previous experience with Risk & Regulations.
Previous experience within the Middle East is a plus, particularly towards the latter part of the career.
To apply for this job please visit www.pwc.com.