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Vice President, ECL Management

Vice President, ECL Management

ConfidentialHyderabad / Secunderabad, Telangana
20 days ago
Job description

Key Product experience :

  • Retail Lending Products

Job Summary

The candidate will lead the ECL Management and Loss Forecasting team. The ideal candidate will have a background in credit risk management and financial modeling as well as a cost controller. This role involves leading a team of analysts to maintain and implement robust ECL models, ensuring compliance with regulatory requirements. This also involves providing annual and monthly loss forecasts / estimates to support budgeting. He / she will work closely with various departments like finance, collections, risk policy and others to carry out the above activities

Role & 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
  • Preferred candidate profile

    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.
  • Preferred Qualifications :

  • Certification (e.g., CFA, FRM).
  • Key Competencies :

  • Leadership and team management
  • Strategic thinking and planning
  • Attention to detail and accuracy
  • Strong organizational skills
  • Skills Required

    frm , Cfa Certification, Chartered Accountant (CA), Ecl, Cost Control

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    Vice President • Hyderabad / Secunderabad, Telangana

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