Key Product experience :
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 inspectionsAnalyse and interpret financial data to provide credit loss forecast and outlookCollaborate / liaise with other departments to gather necessary data and insights for forecastingPrepare 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 managementPreferred 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 / IFRS9Familiarity with net flow rates, gross flow rates, recovery rates, cost of recovery etc.Experience as a cost controller, credit cost / loss budgetingExcellent communication and leadership skills.Ability to work collaboratively with cross-functional teamsDetail-oriented with a strong focus on accuracy and compliance.Preferred Qualifications :
Certification (e.g., CFA, FRM).Key Competencies :
Leadership and team managementStrategic thinking and planningAttention to detail and accuracyStrong organizational skillsSkills Required
frm , Cfa Certification, Chartered Accountant (CA), Ecl, Cost Control