Principal/Subject Matter Expert - Credit Modeling / IFRS 9Acies • Mumbai Metropolitan Region, India
Principal / Subject Matter Expert - Credit Modeling / IFRS 9
Acies • Mumbai Metropolitan Region, India
30+ days ago
Job descriptionIndependently lead and manage consulting engagements with leading banks, financial institutions, NBFCs, insurance companies and corporates covering areas such as IFRS 9 model development, ECL computation, enhancing the approach to ECL and provisions along with other credit risk areas Demonstrate knowledge to banking, NBFC, corporate and insurance companies on various loan product and their characteristics including wholesale loans, auto loans, personal loans, mortgage finance, education loans, etc. Demonstrate knowledge of concepts related to default and recovery rate modelling including roll rate analysis, periodic default rates, statistical methods including regression models, Markov chains, etc. Lead and drive day-to-day execution of client projects. Lead hiring and mentoring initiatives to expand and upskill execution and delivery team for engagements Design and monitor detailed project plans for assigned engagements Directly report and provide detailed updates to business unit leader for all assigned engagements on an on-going basis Work permit requirements : Either Indian Citizen or having valid works in India Period of engagement : Full time Probation period : 6 months Compensation : Compensation varies depending on the skill, fitment and role played by the person. Compensation discussions will take place post the selection process. Performance incentives : Typically, all roles at Acies have a performance incentive. Specific aspects will be discussed during the compensation discussion Leave : 22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement. Other benefits : Other employment benefits including medical insurance will be informed during the compensation discussion. Career growth for full-time roles : Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process. Career opportunities for part-time roles : Conversion of part-time roles to full-time roles depends on both performance of the individual and business needs. You are encouraged to ask about the prospects as you interact with Acies personnel during the selection process. Global mobility : Acies encourages mobility across our offices. Such mobility is, however, subject to business needs and regulations governing immigration and employment in various countries. Personal interviews : There are expected to be at least 2 -3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved. Final discussion on career and compensation : Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion. Understanding of products / exposures in the financial services industry (Banks / NBFC / Insurance) Demonstrate knowledge about credit risk modelling, PD, LGD, ECL, etc. Demonstrate experience of various methodologies used for modelling default rates, credit scores, recovery rates, etc.
Highlight of the engagement opportunity
- Nature of role : Full time
- Number of years of experience expected : 8+ years
- Areas of past experience preferred : IFRS 9 / IndAS 109, PD / LGD / EAD model development and validation, experience with ECL calculation, clarity on the IFRS 9 standard and regulatory asks
- Educational qualification expected : Graduate / Postgraduate
- Additional qualifications / certifications required : None
- Preferable additional certifications : CA / FRM / Actuarial
- Preferred geography of previous work experience : India / Europe / APAC / US
- Language requirements : Ability to write and speak fluently in English
- Application experience preferable : MS Excel, VBA, Python, R, SAS
Key responsibility areas :
Other important information :
Selection process :
We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows :
Preparation required :
It is recommended that you prepare on the following aspects before the selection process :
For any additional queries you may have, you can send a LinkedIn InMail to us, connect with us at or e-mail us at
How to reach us :
Should you wish to apply for this job, please reach out to us directly through LinkedIn or apply on our website career page -
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