Vice President/AVP/Manager - IFRS9 - BFS

IFRS 9 Financial Instruments is the most significant risk and accounting change since the initial adoption of IFRS, and one of the most significant changes in credit risk measurement since Basel II.

IFRS 9 is a Group flagship initiative, with strong visibility at Board level and offers an excellent opportunity for individual development and career progression. It involves facing off to numerous areas of the bank and working together to produce Impairment provisions which ultimately get reported in the financial statements.

The role will be part of the newly created Wholesale Impairments Analytics Team (W-IAC) located in Bangalore which supports the aggregation, review and deep dive analysis of Impairment risk numbers. The team's vision is:

To become the Centre of Excellence in providing insightful analytics and commentary on all IFRS 9 Impairment related activities across all of the global business lines

Tasks include but are not limited to :

- Performing Review and Challenge activities in a timely manner, including:

- Expected Credit Loss (ECL) analysis, assessing modeling and non-modeling drivers of results

- Review CRR concentration, LGD/PD/EAD Analysis

- Identifying themes across the entire Wholesale Risk Portfolio

- Providing commentary for ECL results and assisting in making strategic suggestions

- Timely preparation of necessary decks to present at senior meetings

- Support the production of commentary packs for site, region and group meetings, including forums and senior management committees

- Support resolution of ad-hoc requests related to impact analysis queries for senior stakeholders

- Ensure compliance to Group policies and governance and controls framework

- Ensuring smooth running of a new Operating Model and Governance process introduced for IFRS 9

- Ensuring queries raised to the team are resolved in a timely manner

- Working with Group Risk Analytics teams to understand credit risk methodology's relating to IFRS 9

- Coordinating activities with Stress Testing, Sovereign Risk & Forward Economic Guidance Teams

- To be successful in the team, you should meet the following requirements:

- Have an understanding of risk analytics and credit risk model development

- Programming experience (SAS Base or SASEG)

- IFRS 9 and Regulatory reporting experience

IFRS 9 subject-matter and technical skills, with the ability to:

i. to manipulate large data sets on analytics platforms like SAS,

ii. build tactical VBA or spreadsheet-based tools for analysis and

iii. present to senior stakeholders strong IFRS 9 subject-matter, business knowledge, and technology sense Strong written / verbal communication skills

- Understanding of Wholesale Risk

- Customers / Stakeholders[COMPLETE 3-4 AREAS]

- Wholesale Credit Risk Management

- Group Risk Analytics

- WMR Stress Testing Teams

- GB&M Finance, Regulatory Finance

- Sovereign Risk and Forward Economic Guidance Teams

- Global Business finance teams

Leadership & Teamwork:

- Deliver requirements against the objectives of Wholesale Credit Risk and understand the broader world of Capital

- Act as a role model to achieve high standards and lead, develop, motivate and inspire high performance in others

- Mentor and develop the team in their professional skills and development

Operational Effectiveness & Control:

- Help drive changes of IFRS 9 approaches, and lead the implementation of innovative solutions.

- Actively monitor regional practices and guide delivery to ensure that they are in line with Group policies. Ensure that Group Audit reviews of systems and practices related to stress testing and risk measurement proceed smoothly.