Deloitte - Assistant Manager/Deputy Manager - Credit Risk Management

Role description :

Practice & role overview :

Deloitte's Governance, Regulatory and Risk practice provides financial risk management solutions to banks, financial institutions and corporate clients. The credit risk management business line specifically focuses on providing risk advisory and quantitative services to clients, including services for :

- Strengthening credit appraisal processes and associated policies, processes, reporting mechanisms and

- Development of credit rating / scoring methodologies

- Assistance in development of IRB models (PD, LGD, EAD etc.) and transitioning to IRB under Basel III

- Assistance in defining stress testing frameworks

- Implementation of credit risk management systems

- Impairment testing under IFRS 9 and model development

Key areas of responsibility :

- Engage with clients to understand specific problem areas and deficiencies, if any, pertaining to credit risk management

- Conduct reviews of credit risk management framework, including qualitative elements such as policies, limit management, MIS & reporting frameworks etc.

- Assist clients in strengthening credit risk management framework to comply with regulatory requirements and Industry leading practices

- Recommend remedial action steps to address gaps identified

- Develop policies, procedures and associated documents for credit risk management framework

- Develop capital computation methodologies under Basel II standardized and IRB approaches and facilitate the transition of banks from Standardized to IRB approach

- Develop / validate risk measurement models for credit risk management, incl. models for credit rating, retail scorecards, PD, LGD, EAD, M etc.

- Assist in implementing credit risk models developed in credit risk management systems like SAS, OFSAA etc.

- Undertake IFRS 9 impairment testing activities and develop models required for the same. Assist in validation of models where required to confirm adherence to IFRS 9 requirements.

- Assist in development of new solutions for the firm, based on market requirements and business line strategy

- Develop Thought Leadership articles around solutions to create market awareness and visibility

- Participate in organizing symposiums, conferences etc. to create better brand and solution visibility

General requirements :

- Candidates should have at least 2 + years of experience for Assistant Manager and at least 5+ years of experience for Deputy Manager. Experience may be in a consulting firm or financial institution.

- Candidate should have knowledge and understanding of the credit products in the Indian markets, including trade finance products.

- Knowledge of IFRS 9 impairment testing norms, experience of developing impairment testing models and market conventions around the same would be highly desirable.

- Understanding of credit risk quantification methodologies (credit rating, IRB models etc.) is essential, including knowledge of capital calculation methodologies under Basel II / III

- Should have hands-on experience of using statistical tools such as SAS, R, MATLAB, FINCAD etc. Knowledge of programming on VBA, C++/Java, etc. and experience of credit risk systems (CRISIL, SAS, Numerix, Oracle OFSAA etc.) would be a strong advantage.

Academic qualifications :

- MBA or equivalent Master's degree in Finance, Statistics, Economics or Mathematics from premier institutes required. Graduates (B.Tech / B.E) with relevant experience can also be considered.

- Professional Certifications like the CFA and FRM will be an added plus

- Quantitative training and strong problem solving as well computer skills (C++, Java, and MATLAB) are necessary.

Soft skills and desired characteristics :

- Ability to work comfortably at the highest levels of client organizations and interacting closely with high level executives in a range of environments

- Comfortable functioning in a broadly positioned role in a highly diverse service lines working across industry verticals. Must possess an impressive executive demeanor, a team oriented and collaborative approach, and excellent presentation skills, including strong oral and writing capabilities

- Committed, hardworking individuals willing to spend hours on research

The individual must possess and demonstrate high integrity and credibility as perceived by all those with whom s/he will work :

- Strong intellect coupled with proficient commercial instincts

- Diplomatic, flexible and have a good team approach.