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Vice President - Risk Analytics - IFRS9 - BFS (12-20 yrs)
- 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 into the financial statements.
- The role will be to lead a team of senior and junior business analysts as 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 :
The team will also assist in strategic decision making.
Tasks include but are not limited to :
- Manage the production of commentary packs for site, region and group meetings, including forums and senior management committees
- Ensuring the team are performing Review and Challenge activities in a timely manner, including:
- Expected Credit Loss (ECL) analysis, assessing modelling and non-modelling 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 ad-hoc requests related to impact analysis required for senior stakeholders and for inputs into the Review and Challenge committees
- Ensure compliance to Group policies and governance and controls framework
- Strong ability to build and manage relationships across a range of seniorities
- Daily management of the team, along with prioritizing current & upcoming workloads
- Ensuring smooth running of a new Operating Model and Governance process introduced for IFRS 9
- Being a key contact for IFRS 9 questions coming from local regions, other teams and regulators
- 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
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