Senior Manager
3 weeks ago
Job Role Summary:
The candidate will be responsible for ensuring management and reporting of credit risk for the client within the scope of IFRS 9 standard. We are looking for someone with a passion for risk management who is willing to learn and grow along the way.
Roles and Responsibilities:
The candidate will be supporting the impairments and forecast team to manage all regulatory reporting requirements for the client which require understanding the risk drivers and mitigants. Candidate will be closely working with senior level management to ensure best risk management and reporting practices. The responsibilities would involve but not limited to the following:
- Supporting to ensure compliance to all regulatory requirements for credit risk reporting with adherence to the IFRS 9 guidelines.
- Supporting in deciphering and articulating drivers for risk including model parameters (probability of risk (PD), loss given default (LGD), exposure at default (EAD)) as well as other macroeconomic variables.
- Supporting in automation and system enhancement projects to ensure smooth reporting with best industry practices.
- Support in interpretation of external risk related standards and guidelines to ensure compliance
- Support in interpretation of internal credit and risk policies to ensure that risk reporting comply to bank wide credit culture.
- Ensuring strong governance and quality control by maintaining all validation and reconciliations procedures for external and internal audit.
- Coordination and collaboration with external auditors to share all processes, reconciliation and validation methodologies and ensure timely closure of the audit.
- Working in close collaboration with the financial planning team to forecast the provisioning requirements for the year (short term as well as long term planning) while ensuring optimum utilization of fund.
- Working in close collaboration with model risk team to ensure accurate estimation of ECL parameters (PD, LGD, EAD) and ensure adherence to best management practices.
Qualifications we seek:
- 3+ years of experience in risk analysis with experience in supporting risk reporting and mitigation.
- Good understanding of PD, LGD and Expected credit loss
- Masters degree in statistics/economics/finance.
- Candidate should be comfortable with excel spreadsheets and Microsoft powerpoint.
- Familiar with one or more industry leading data analytics and visualization tools such as SAS/SQL/Python.
- Good understanding of industry wide trends and regulatory risk reporting trends of CECL, IFRS 9, CCAR and IFRS.
- Candidate should showcase excellent communication and presentation skills.
- Candidate should be diligent and with an eye for detail.
- Good understanding capital adequacy requirements under Basel III and Basel VI guidelines.
Preferred qualification:
- SAS coding experience preferred.
- Experience in VBA.
- Familiarity with econometrics, statistical modelling, risk scorecard development.
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