Manager

Protiviti is seeking a high-calibre Manager or Senior Manager to lead engagements within its Financial Risk Management (FRM) vertical across the Middle East. This role sits at the intersection of technical depth and client advisory, requiring the individual to own project delivery end-to-end while serving as the primary interface between delivery teams, clients, and senior internal stakeholders.The successful candidate will bring strong domain expertise across credit risk, quantitative analytics, Basel capital regulation, and model risk — with the ability to translate complex regulatory and analytical frameworks into actionable client solutions.Key ResponsibilitiesClient Engagement & Delivery LeadershipLead the end-to-end delivery of FRM engagements across credit risk, Basel III/IV capital adequacy, model risk management, and portfolio analyticsAct as the primary day-to-day client liaison, managing expectations, escalations, and steering project outcomes toward agreed deliverablesDevelop and present high-quality reports, deliverables, and recommendations to C-suite and Board-level stakeholders at financial institutionsDrive proposal development and contribute to business development activities in coordination with Senior Directors and PartnersTechnical & Domain ExecutionOversee and review technical workstreams spanning credit risk modelling (PD, LGD, EAD), IFRS 9 ECL, stress testing, and scorecard developmentProvide guidance on Basel III/IV implementation including ICAAP, RWA computation, capital adequacy frameworks, Pillar 2 assessments as well as stress testing and recovery planning.Direct model development and validation engagements ensuring adherence to SR 11-7, ECB guidelines, and regional regulatory requirements (CBUAE, SAMA, CBB, CBK)Lead portfolio analytics workstreams including concentration risk, credit portfolio modelling, and limit framework designEnsure quality and rigour across all analytical outputs; review model documentation, validation reports, and regulatory submissionsTeam Management & MentorshipLead and mentor a team of analysts and consultants, providing structured feedback, guidance, and professional development supportAllocate and manage resources across concurrent engagements, ensuring delivery quality and team well-beingCollaborate cross-functionally with other Protiviti verticals (Operational Risk, Internal Audit, Technology Risk) on integrated engagementsThought Leadership & Practice DevelopmentContribute to the development of methodologies, frameworks, and tools to enhance Protiviti's FRM service offeringsMonitor and synthesise regulatory developments across BCBS, EBA, and regional central banks; translate these into client-ready perspectivesAuthor client alerts, white papers, and point-of-view documents on relevant FRM topicsDomain CoverageCandidates must demonstrate substantive expertise across at least three of the following seven domains, with working knowledge of the remainder:Credit Risk ManagementCredit lifecycle, obligor/facility rating frameworks, IFRS 9 ECL, credit stress testingCredit AnalyticsPD/LGD/EAD modelling, scorecards (application/behavioural), through-the-cycle vs point-in-time calibration, backtesting, challenger modellingBasel Capital AdequacyBasel III/IV, Standardised and IRB approaches, ICAAP/SREP, RWA optimisation, capital planning, Recovery PlanningModel DevelopmentStatistical and ML model development, feature engineering, model performance metrics, challenger models, documentation to regulatory standardsModel ValidationIndependent model validation per SR 11-7/ECB guidelines, conceptual soundness, outcome analysis, benchmarking, validation reportingModel Risk ManagementMRM framework design, model inventory governance, tiering and materiality, risk appetite, regulatory dialogue on model riskPortfolio AnalyticsCredit portfolio modelling, concentration risk, sector/geographic analytics, limit framework, portfolio stress testing, early warning indicatorsQualifications & ExperienceEssential8–14 years of experience in financial risk management, with a minimum of 4 years in a consulting environment (Big 4, Tier-1 consultancy, or boutique risk advisory); industry professionals from banks or financial institutions with equivalent seniority will be consideredBachelor's degree in a quantitative discipline (Finance, Mathematics, Statistics, Economics, Engineering); Master's degree or PhD preferredDemonstrated experience leading project teams and managing client relationships at senior levelsTrack record of delivering FRM engagements at banks, investment firms, or financial holding groups — preferably in the GCC or broader MENA regionStrong written and verbal communication in English; ability to produce executive-grade deliverables independentlyPreferredProfessional certifications: FRM (GARP), CFA, PRM, or equivalentExperience with GCC central bank regulatory frameworks (CBUAE, SAMA, CBB, CBK, DFSA, ADGM)Proficiency in quantitative tools: Python, R, SAS, or MATLAB for model development/validationPrior experience managing multi-geography or multi-workstream engagementsArabic language proficiency is an advantage but not required