Assistant Vice President/Vice President - Expected Credit Loss - NBFC - CA/CFA

Job Description:

Key Responsibilities:

- 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 and expected credit loss management.

Qualifications:

- Chartered Accountant (additional professional certification (e.g., CFA, FRM) is preferred.)

- 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.