3 Days Left: AVP

2 weeks ago


Mumbai, Maharashtra, India Michael Page Full time
About Our Client

This is a leading financial services company in India, boasting a robust workforce and a nationwide presence. The organisation specialises in providing diverse banking and financial services to its vast client base.

Job Description

Lead and manage the ECL Management and Loss Forecasting team.

* Develop, maintain and manage all ECL models in compliance with IFRS 9 standards.

* Oversee the implementation of ECL models ensuring proper calibration, validation, and documentation of models.

* Manage all ECL audits incl. stat audits and regulatory inspections

* Analyse and interpret financial data to provide credit loss forecast and outlook

* Collaborate/liaise with other departments to gather necessary data and insights for forecasting

* Prepare and present detailed reports on loss forecasts to senior management and stakeholders.

* Stay updated with industry best practices, regulatory changes, and advancements in loss forecasting

The Successful Applicant

* Chartered Accountant

* Minimum of 6-8 years of experience in loss forecasting/ ECL management, or a related role.

* (Overall experience of around 13-15 years of experience)

* Familiarity with regulatory requirements and industry standards related to accounting standards/ IFRS9

* Familiarity with net flow rates, gross flow rates, recovery rates, cost of recovery etc.

* Experience as a cost controller, credit cost/loss budgeting

* Excellent communication and leadership skills.

* Ability to work collaboratively with cross-functional teams

* Detail-oriented with a strong focus on accuracy and compliance.

What's on Offer

This position offers the opportunity to work with one of the fast growing NBFC company in India, where you can contribute to the company's success while developing your career.
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