Risk Modeler Jobs 2026 AFFCO Karachi
AFFCO
Posted Jun 22, 2026
About the Job
A. F. Ferguson & Co. (AFFCO) is one of Pakistan's most established professional services firms, founded in 1952 with roots tracing back to 1893. As a member firm of PwC (PricewaterhouseCoopers), the world's largest professional services network, AFFCO provides audit and accounting, tax advisory, management consulting, IT consulting, financial advisory, and business process outsourcing services. The firm operates from offices in Karachi, Lahore, and Islamabad, and serves blue-chip companies, financial institutions, and multinationals across Pakistan.
AFFCO is looking for an Assistant Manager/Manager – Risk Review / Risk Modeler based in Karachi. As Risk Modeler, you will be responsible for developing and implementing risk models, conducting risk assessments, preparing regulatory reports, and managing IFRS 9 expected credit loss production across the organization.
Job Details
| Organization | AFFCO |
| Position | Assistant Manager/Manager – Risk Review / Risk Modeler |
| Location | Karachi |
| Salary | Market Competitive |
| Education | Master's/Bachelor's degree (16 years) in Actuarial Science, Data Science, Statistics, Finance, Economics, or Mathematics from HEC recognized institution |
| Experience | Minimum 3 years post-qualification experience in financial risk modeling |
| Age Limit | Maximum 40 years (as of the last date of submission of application) |
| Last Date | 5th July 2026 |
| Apply | https://www.affco.com.pk/recruitment |
Roles and Responsibilities
- Prepare policies related to Credit and Market Risk
- Conduct risk assessments of loan cases (Advances) and Treasury middle office
- Development and implementation of risk models i.e. Application, Behavioral Scorecard and facility rating
- Review of the Advances and Treasury Portfolio, prepare dashboards using Power BI and present them with different management committees
- Prepare all the regulatory reports like CAR, Stress testing, LCR and NSFR. Monitoring of middle office activities like CRR, SLR, line limits, and other middle office reports
- Hands-on experience of preparation of work papers for different management committees
- Provide training to the Risk Team and other officers related to Application, Behavioral Scorecard and Risk Assessment
- Prepare the ongoing monthly/quarterly/semi-annually and annual production of IFRS 9 expected credit losses summaries using existing models and developing new models
- Develop additional IFRS 9 ECL models and/or PD/LGD scorecards should the organization be expected to widen its product offering
- Enhance IFRS 9 model monitoring and management information to allow senior management to understand new and potentially more complex products and investments in the future
- Ensure account balance movements, reconciliations, reports, annual report and accounts entries are produced in line with IFRS 9 and organizational financial reporting timelines
- Prepare all regulatory reporting like Stress testing, Capital Adequacy Ratio, Liquidity Coverage Ratio, Net Stable Funding Ratio, Contractual Maturity Mismatch, Concentration of funding
Required Qualification and Experience
- Master's/Bachelor's degree (16 years of equivalent education) in a quantitative discipline (Actuarial Science, Data Science, Statistics, Finance, Economics, or Mathematics) from a HEC recognized institution
- Candidates holding CFA/FRM certifications will be preferred
- Minimum 3 years of post-qualification relevant experience in financial risk modeling
- Experience of building credit, market, and operational risk models with demonstrated proficiency in financial risk modeling
- Age: Maximum 40 years as of the last date of submission of application
Key Competencies and Experience
- Hands-on with Advanced Excel, Power BI, VBA, SQL, C++, SPSS/SAS, and other programming skills with experience in working with large datasets
- Significant prior experience in IFRS 9 and other regulatory reports like stress testing, CAR, NSFR and LCR
- Understanding of IFRS 9 and accounting concepts (PD, LGD, EAD, arrears and roll rates, interest rates, fair value, write-offs)
- Experience in undertaking linear and non-linear regression analysis and historical vintage analysis
- Financial risk modeling expertise within a Retail/Commercial or Corporate bank
How to Apply
- Apply online through AFFCO's official careers portal: https://www.affco.com.pk/recruitment
- Last date: 5th July 2026
How to Prepare for This Role
The Assistant Manager/Manager – Risk Review / Risk Modeler role at AFFCO is a quantitative finance position requiring deep experience in financial risk modeling, IFRS 9, and regulatory reporting. The interview panel will assess your technical modeling skills, your hands-on experience with risk model development and IFRS 9 ECL production, and your ability to work across credit, market, and regulatory reporting functions. The guide below covers the four areas most likely to determine your selection.
The role explicitly lists development and implementation of Application Scorecards, Behavioral Scorecards, and facility rating models. The panel will assess your hands-on experience building these models. Be ready to discuss: the methodology you used to develop Application or Behavioral Scorecards (logistic regression, scorecard calibration, champion-challenger approach), how you validated and monitored these models post-implementation, and any experience with credit risk model documentation and governance. Also prepare to discuss your experience conducting risk assessments of loan cases and Treasury portfolios, and how you presented findings to management committees.
The ad specifies financial risk modeling expertise within a Retail/Commercial or Corporate bank. If your experience is from a bank, clearly state the portfolio type and model type. If your experience is from a non-bank institution, explain how your modeling work maps to the credit and market risk frameworks used in banking.
A substantial portion of the responsibilities covers IFRS 9 ECL production and model development. The panel will assess your practical experience in this area. Be ready to discuss: how you have managed monthly, quarterly, and annual IFRS 9 ECL production cycles using existing models, how you have developed or enhanced PD/LGD scorecards and ECL models, your understanding of PD, LGD, EAD, arrears and roll rates, interest rates, fair value, and write-offs, and how you have ensured account balance movements and reconciliations align with IFRS 9 and financial reporting timelines. Prepare a specific example of a new ECL model or PD/LGD scorecard you developed.
The role also requires developing additional ECL models and PD/LGD scorecards as the organization widens its product offering. Be ready to discuss your experience building models for new or emerging product types, and how you adapted existing frameworks to accommodate new portfolio segments or credit products.
The role covers a wide range of regulatory reports: CAR, Stress Testing, LCR, NSFR, Contractual Maturity Mismatch, Concentration of Funding, CRR, and SLR. The panel will assess your experience preparing these reports accurately and within regulatory timelines. They will also assess your technical tool proficiency: Advanced Excel, Power BI, VBA, SQL, C++, and SPSS/SAS are all listed. Be ready to discuss: which of these tools you use for what purpose, how you have used regression analysis and historical vintage analysis in model development, and how you have prepared management dashboards using Power BI for committee presentations.
The role also requires monitoring middle office activities including CRR, SLR, and line limits. If you have Treasury middle office monitoring experience, highlight this as it is a distinct requirement not commonly covered by all financial risk modeling candidates. Prepare examples of how you tracked and reported on middle office metrics.
CFA or FRM certification is explicitly listed as preferred. If you hold either, prepare to explain the relevance of your certification to this role: how CFA's quantitative and portfolio risk content or FRM's credit risk, market risk, and operational risk curriculum directly applies to the responsibilities listed. If you are pursuing either certification, mention your progress and expected completion. Apply through the AFFCO recruitment portal at https://www.affco.com.pk/recruitment before 5th July 2026. Bring your degree certificate, experience letters, and any professional certification documents to the interview.
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