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Compliance Specialist

Muscat, Oman

Department: Risk & Compliance Employment: Regular Full-Time

Apply Now

About Wadiaa

Wadiaa is an Omani Fintech company engaged in Crowdfunding/Crowd-investing activities with focus on Equity and Loan-based funding for small/medium enterprises looking to raise capital to recover from a downturn or expand their products and services offering. Wadiaa provides collateral free lending up to a certain limit, powered by its alternative risk model that is AI and Machine Learning Driven.
What we stand for is SME growth enabled by fintech democratized investment via transparency of information. We believe that by providing the society with the technology to be part of bridging the finance gap for SMEs and at the same time an investment opportunity for the public into otherwise a very difficult and shielded market to access.

Working In Wadiaa

  • Do something meaningful; Be a part of building the local Fintech and entrepreneurial ecosystem. Transform the private markets and build a more equitable future of both fundraising and investing
  • Traction; Join us during a critical stage of growth. Every day is fast moving, challenging and brings on unique business problems
  • People & Culture; Work with great people! We are an international and flat organization. Great career development opportunities in a growing company with the ability to add your touch and values to the company’s culture

About The Role

Wadiaa is seeking a (Senior) Model Risk Manager to join our Model Risk Management team. This individual will play a key role in managing the model risk governance framework, model policy, procedures, standards, and reporting. The role includes managing the corporate-wide model inventory, optimizing model risk workflows, and administering the model risk technology solutions. The role requires a comprehensive understanding of the model lifecycle including model development, validation, monitoring, risk assessment, governance, and controls. This person will lead the effort of developing and implementing industry best practices to ensure effective governance and control of the models used by business units. The person may need to coordinate validation efforts and review outcomes by third-party vendors.

Responsibilities:

  • Work closely with and support the CRO in carrying his/her day to day role
  • Manage and improve model risk governance framework, policy, and procedures to ensure high standard and compliance with regulatory requirements
  • Oversee ongoing maintenance and monitoring of all active models; Manage the reporting related to model risk governance, model validation, ongoing monitoring, and issue management to leadership and governance committees
  • Lead model risk technology strategy and solutions to improve MRM process and support AI/ML adoption and risk management; Assist model owners, users, developers, validators, and managers with model risk system use and process workflow; administrate system accesses and role assignments; conduct UAT of model risk system updates and implementation; drive data and system integration with other business systems
  • Monitor model risk processes and ensure accurate information and timely approval from stakeholders
  • Drive the execution of model governance activities and improve operational efficiency through process optimization and automation
  • Address inquiries from regulators and control functions (e.g., audit, enterprise risk and legal) and provide support to remediate identified risks
  • Support the CRO in the development of model risk training programs to build corporate-wide model risk awareness and provide the necessary education on model risk management to all business units
  • Collaborate with internal teams to address due diligence requests from institutional investors and 3rd party partners
  • Run various ad-hoc analyses related to risk management initiatives

About Wadiaa

Wadiaa is an Omani Fintech company engaged in Crowdfunding/Crowd-investing activities with focus on Equity and Loan-based funding for small/medium enterprises looking to raise capital to recover from a downturn or expand their products and services offering. Wadiaa provides collateral free lending up to a certain limit, powered by its alternative risk model that is AI and Machine Learning Driven.
What we stand for is SME growth enabled by fintech democratized investment via transparency of information. We believe that by providing the society with the technology to be part of bridging the finance gap for SMEs and at the same time an investment opportunity for the public into otherwise a very difficult and shielded market to access.

Working In Wadiaa

  • Do something meaningful; Be a part of building the local Fintech and entrepreneurial ecosystem. Transform the private markets and build a more equitable future of both fundraising and investing
  • Traction; Join us during a critical stage of growth. Every day is fast moving, challenging and brings on unique business problems
  • People & Culture; Work with great people! We are an international and flat organization. Great career development opportunities in a growing company with the ability to add your touch and values to the company’s culture

About The Role

Wadiaa is seeking a (Senior) Model Risk Manager to join our Model Risk Management team. This individual will play a key role in managing the model risk governance framework, model policy, procedures, standards, and reporting. The role includes managing the corporate-wide model inventory, optimizing model risk workflows, and administering the model risk technology solutions. The role requires a comprehensive understanding of the model lifecycle including model development, validation, monitoring, risk assessment, governance, and controls. This person will lead the effort of developing and implementing industry best practices to ensure effective governance and control of the models used by business units. The person may need to coordinate validation efforts and review outcomes by third-party vendors.

Responsibilities:

  • Work closely with and support the CRO in carrying his/her day to day role
  • Manage and improve model risk governance framework, policy, and procedures to ensure high standard and compliance with regulatory requirements
  • Oversee ongoing maintenance and monitoring of all active models; Manage the reporting related to model risk governance, model validation, ongoing monitoring, and issue management to leadership and governance committees
  • Lead model risk technology strategy and solutions to improve MRM process and support AI/ML adoption and risk management; Assist model owners, users, developers, validators, and managers with model risk system use and process workflow; administrate system accesses and role assignments; conduct UAT of model risk system updates and implementation; drive data and system integration with other business systems
  • Monitor model risk processes and ensure accurate information and timely approval from stakeholders
  • Drive the execution of model governance activities and improve operational efficiency through process optimization and automation
  • Address inquiries from regulators and control functions (e.g., audit, enterprise risk and legal) and provide support to remediate identified risks
  • Support the CRO in the development of model risk training programs to build corporate-wide model risk awareness and provide the necessary education on model risk management to all business units
  • Collaborate with internal teams to address due diligence requests from institutional investors and 3rd party partners
  • Run various ad-hoc analyses related to risk management initiatives

About Wadiaa

Wadiaa is an Omani Fintech company engaged in Crowdfunding/Crowd-investing activities with focus on Equity and Loan-based funding for small/medium enterprises looking to raise capital to recover from a downturn or expand their products and services offering. Wadiaa provides collateral free lending up to a certain limit, powered by its alternative risk model that is AI and Machine Learning Driven.
What we stand for is SME growth enabled by fintech democratized investment via transparency of information. We believe that by providing the society with the technology to be part of bridging the finance gap for SMEs and at the same time an investment opportunity for the public into otherwise a very difficult and shielded market to access.

Working In Wadiaa

  • Do something meaningful; Be a part of building the local Fintech and entrepreneurial ecosystem. Transform the private markets and build a more equitable future of both fundraising and investing
  • Traction; Join us during a critical stage of growth. Every day is fast moving, challenging and brings on unique business problems
  • People & Culture; Work with great people! We are an international and flat organization. Great career development opportunities in a growing company with the ability to add your touch and values to the company’s culture

About The Role

Wadiaa is seeking a (Senior) Model Risk Manager to join our Model Risk Management team. This individual will play a key role in managing the model risk governance framework, model policy, procedures, standards, and reporting. The role includes managing the corporate-wide model inventory, optimizing model risk workflows, and administering the model risk technology solutions. The role requires a comprehensive understanding of the model lifecycle including model development, validation, monitoring, risk assessment, governance, and controls. This person will lead the effort of developing and implementing industry best practices to ensure effective governance and control of the models used by business units. The person may need to coordinate validation efforts and review outcomes by third-party vendors.

Responsibilities:

  • Work closely with and support the CRO in carrying his/her day to day role
  • Manage and improve model risk governance framework, policy, and procedures to ensure high standard and compliance with regulatory requirements
  • Oversee ongoing maintenance and monitoring of all active models; Manage the reporting related to model risk governance, model validation, ongoing monitoring, and issue management to leadership and governance committees
  • Lead model risk technology strategy and solutions to improve MRM process and support AI/ML adoption and risk management; Assist model owners, users, developers, validators, and managers with model risk system use and process workflow; administrate system accesses and role assignments; conduct UAT of model risk system updates and implementation; drive data and system integration with other business systems
  • Monitor model risk processes and ensure accurate information and timely approval from stakeholders
  • Drive the execution of model governance activities and improve operational efficiency through process optimization and automation
  • Address inquiries from regulators and control functions (e.g., audit, enterprise risk and legal) and provide support to remediate identified risks
  • Support the CRO in the development of model risk training programs to build corporate-wide model risk awareness and provide the necessary education on model risk management to all business units
  • Collaborate with internal teams to address due diligence requests from institutional investors and 3rd party partners
  • Run various ad-hoc analyses related to risk management initiatives

About Wadiaa

Wadiaa is an Omani Fintech company engaged in Crowdfunding/Crowd-investing activities with focus on Equity and Loan-based funding for small/medium enterprises looking to raise capital to recover from a downturn or expand their products and services offering. Wadiaa provides collateral free lending up to a certain limit, powered by its alternative risk model that is AI and Machine Learning Driven.
What we stand for is SME growth enabled by fintech democratized investment via transparency of information. We believe that by providing the society with the technology to be part of bridging the finance gap for SMEs and at the same time an investment opportunity for the public into otherwise a very difficult and shielded market to access.

Working In Wadiaa

  • Do something meaningful; Be a part of building the local Fintech and entrepreneurial ecosystem. Transform the private markets and build a more equitable future of both fundraising and investing
  • Traction; Join us during a critical stage of growth. Every day is fast moving, challenging and brings on unique business problems
  • People & Culture; Work with great people! We are an international and flat organization. Great career development opportunities in a growing company with the ability to add your touch and values to the company’s culture

About The Role

Wadiaa is seeking a (Senior) Model Risk Manager to join our Model Risk Management team. This individual will play a key role in managing the model risk governance framework, model policy, procedures, standards, and reporting. The role includes managing the corporate-wide model inventory, optimizing model risk workflows, and administering the model risk technology solutions. The role requires a comprehensive understanding of the model lifecycle including model development, validation, monitoring, risk assessment, governance, and controls. This person will lead the effort of developing and implementing industry best practices to ensure effective governance and control of the models used by business units. The person may need to coordinate validation efforts and review outcomes by third-party vendors.

Responsibilities:

  • Work closely with and support the CRO in carrying his/her day to day role
  • Manage and improve model risk governance framework, policy, and procedures to ensure high standard and compliance with regulatory requirements
  • Oversee ongoing maintenance and monitoring of all active models; Manage the reporting related to model risk governance, model validation, ongoing monitoring, and issue management to leadership and governance committees
  • Lead model risk technology strategy and solutions to improve MRM process and support AI/ML adoption and risk management; Assist model owners, users, developers, validators, and managers with model risk system use and process workflow; administrate system accesses and role assignments; conduct UAT of model risk system updates and implementation; drive data and system integration with other business systems
  • Monitor model risk processes and ensure accurate information and timely approval from stakeholders
  • Drive the execution of model governance activities and improve operational efficiency through process optimization and automation
  • Address inquiries from regulators and control functions (e.g., audit, enterprise risk and legal) and provide support to remediate identified risks
  • Support the CRO in the development of model risk training programs to build corporate-wide model risk awareness and provide the necessary education on model risk management to all business units
  • Collaborate with internal teams to address due diligence requests from institutional investors and 3rd party partners
  • Run various ad-hoc analyses related to risk management initiatives

BRIDGING THE FUNDING GAP!

Investing in startups is high risk. You can lose all of the invested amount. Hence,
invest only amounts that you can afford to lose

Company

Investing

Fundraising

Legal

www.wadiaa.com is a website owned and operated by AL WADIAA FOR COMMERCIAL OPERATIONS (“WADIAA”), a company formed under the commercial laws of the Sultanate of Oman and offering a crowdfunding marketplace, regulated by the Capital Markets Authority (CMA) of Oman.

By accessing this site and any pages on this site, you agree to be bound by our Terms of Use and Privacy Policy, as may be amended from time to time without notice or liability.

Investments on WADIAA are speculative, illiquid and involve a high degree of risk, including the possible loss of your entire investment. Potential Investors must therefore ensure that you clearly understand the high risk involved and ensure that you are in a financial position to bear the loss of the entire amount of your investment. You must also ensure that you are within the regulatory limits for this type of crowdfunding as per your country of residence.

All investment opportunities made available on WADIAA’ s online marketplace is offered directly from the Fundraiser/ Issuer to the Investor. All securities listed on this site are being offered by the Issuer and all information included on this site is the responsibility of the Issuer of such securities.

Any securities offered on this website have not been recommended or approved by any government body or regulatory authority. WADIAA is neither an investment advisor, nor a registered broker-dealer. WADIAA and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities.

Investors, while making their investment decision, must rely on their own thorough examination of the Fundraiser/ Issuer, the risks and merits involved, as well as the terms of the offering.

The Fundraiser/ Issuer is fully responsible for the accuracy and completeness of information provided to WADIAA as well as the information displayed on the Campaign pages. Although WADIAA does conduct its own due diligence to ensure the most genuine and best investment opportunities are offered to our investors. This is by no means comprehensive. Hence, WADIAA does not verify the adequacy, accuracy, or completeness of any information. Neither WADIAA nor any of its agents, employees, officers, or directors makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site.

Fundraisers

Potential fundraisers are strongly advised to consult their legal, tax and financial advisors before fundraising on WADIAA. The securities that you wish to offer must comply with the legal and regulatory requirements in the jurisdiction of registration of the company. You must also ensure that the jurisdiction does not have any restriction to acceptance of funds from the Sultanate of Oman; it is solely your responsibility to comply with the laws and regulations of your company’s jurisdiction as well as that of the Sultanate of Oman.