AVP - Credit Risk Modeling - IFRS9 Model - Banking

Currently hiring for client based in Chennai

Client Name: Leading Banking MNC

Designation: AVP

The key responsibilities for this role include:

- Calculation, analysis and reporting of ECL - Plan, manage and execute the runbook elements for the assigned region /sites

- Act as a SME on IFRS 9 and provide supporting in understanding and interpreting requirements

- Ensure full compliance to Group policies and governance and controls framework in line with internal and external stakeholder expecations across the sites, region and Group

- Review, analyse and report the expected credit loss / loan impairment numbers and provide insightful trends, analytics and forecast for future periods. Support the LIC reporting related book of work

- Support organisational and functional priorities including SVB integration, IFRS 9 leg of FotC implementation, CWG, DECL III etc.

- Establish and drive effective relationships with stakeholders including CRO's, CFO's, CAO's and Risk and Regulatory Leads at a global, regional and site level

- Maintaining a robust control environment through strong controls, SoX governance and audit management. Manage controls review and remediation initiatives within the function relating to SOX and other internal control activities

- Understand and adhere to data governance standards (DUSE & DMOV) and ensure robust data governance

- Support the development of a talented workforce through active resourcing, training, development and retention strategies

Principal Accountabilities:

Process:

- Own and oversee the ECL run-book for the designated region / site

- Execute the ECL process including data validation, ECL calculation, adjustments, analysis and reporting

- Establish and maintain robust governance around data, controls and systems including adherence to FIM and other guidelines. Monitor and maintain enhanced documentation as per SOX requirements

- Effective Risk management through timely identification, tracking, reporting and resolution of risks and issues

- Deliver efficiency benefits through continuous improvement

Stakeholder:

- Be the SME on impairments and provide support in analysing and assessing regularorty & accounting policy,data, process and system changes and lead the implementation

- Provide insightful trends, analytics and forecasts and own the impairment (charges and allowances) book of work

- Support the vertical priorities including ViR, Data FIM, FotC etc.

Transformation:

- Support the implementation of Org priorities including Forebearance, CWG, DECL III, IFRS 9 leg of upstream changes like FoTC, SDI 2.0 etc. covering requirement validation, UAT, Parallel runs, etc.

- Further develop Qliksense capabilities and drive the automation of all manual reports, in agreement with the stakeholders

- Develop future skills including Python, data analytics to meet the future goals of the organization

People:

- Ensure that the team is adequately resourced to support the business requirements

- Continuous development of talent through training, coaching and mentoring

Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

- Understanding complex data flows, risk models & methodologies and regulatory and accounting requirements in a constantly changing environment

- Collaborating and communicating with senior stakeholders, peers and teams across time-zones

- Deliver BAU and other initiatives within challenging timelines in an ambiguous environment and through multiple iterations

- Understanding regulatory changes, absorbing concepts, defining the approach and developing solutions independently

Role context

- The volatile external environment requires frequent changes, manual interventions and multiple iterations. The role holder is required to navigate through a constantly changing environment and deliver the ECL results within challenging timelines.

- The FTE span will be in the range of 0-5 FTEs, working closely with the Risk, Finance, FCD and FSO teams

- The jobholder is expected to be a self-starter and able to adapt to changing demands of the role

Management of Risk (Operational Risk / FIM requirements)

- The jobholder is required to have a good understanding of risk framework and guidelines. The jobholder should continually re-assess the operational risks in line with the defined framework, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new processes.

Observation of Internal Controls

- The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply.

Qualifications:

What you will need to succeed in the role:

Technical Skill Requirements:

- Qualified Accountant (CA, CWA, CIMA) / MBA / FRM / Graduate in Statistics / Accounting with 10-12 years of experience in the financial services domain

- Understanding of the risk and regulatory requirements and credit risk calculations; ability to articulate trends in PDs, LGDs, EADs and ECLs in terms of modelling and non-modelling drivers of the products/segments/portfolio, and relate to macroeconomics, methodology, credit policy.

- Strong data mining and analytical skills, including hands-on experience in managing large volumes of data with a proven ability to interpret and comment on data movements; Ability to build ad-hoc analytical MI (e.g. ECL impact estimates or management overlays for tackling model limitations etc.)

- Advanced technical skills (SAS, Python or other similar systems) including experience in business intelligence tools would be an advantage