Assistant Manager/Manager - IFRS9 - BFSI/BPO

Financial Reporting people willing to pursue opportunity in IFRS 9 can apply also.

IFRS 9 - Financial Instruments is the most significant accounting change since the initial adoption of IFRS. It aims to replace IAS 39, which is currently applicable for financial instruments accounting. IFRS 9 has three important strands, namely Classification & Measurement, Impairment and Hedging. Of, this the Impairment is the most significant change as it entails a move from an Incurred Loss approach to an Expected Loss approach. This entails various activities around model development, calculation engine build out, data and systems interface and agreement on accounting treatment and related policies/processes. Similar to recent trends such as those noted in Basel III/CRD IV implementation, this requires a high level of Finance and Risk interdependency and is therefore being driven as a joint risk-finance implementation programme with strong visibility and sponsorship at the Board level.

The key responsibilities for this role include:

- Support the designing of a robust and fit for purpose process to generate Expected Credit Loss related data and metrics in constant engagement with the stakeholders and team members

- Align with other workstreams such as RWA production and Stress Testing to provide inputs in building common data platforms and utilities.

- Active participation in User Acceptance Testing to drive consistency and efficiency

- Review and validate data against expected quality criteria, log, investigate

Jai S ( Vijaya Kumar )
Sr.Consultant - Finance Practise & Leadership Hiring
Direct : 044 - 429411205.