Ifrs9 Manager

7 days ago


London, United Kingdom ALTERIS CONSULTING LTD Full time

Our client, a small international bank and leading provider of Trade Finance, Treasury, Project & Structured Finance, Syndications, corporate & Institutional Banking services, is looking for an IFRS9 Manager to join its London based team.

This is a second line of defence role.

**Responsibilities, Accountabilities & Deliverables**:

- To manage the IFRS9 process.
- To cover for Senior Risk support officer in market Risk.
- Ad hoc tasks and analysis.

**IFRS9**
- Own and independently manage the IFRS9 Expected Credit Losses within the risk management department, ensuring strong governance, controls, processes and procedures are in place.
- Ensure Expected Credit Losses (ECL) compliance with Group IFRS9 policies, governance and controls frameworks
- Act as 1st line of support, contact and oversight to risk management activities related to IFRS9.
- Primary contact to address queries from various stakeholders, internally (i.e. credit, business, finance and internal audit) as well as externally (HO and external auditors).
- Responsible on preparing and presenting a detailed information pack to credit committee for ECL approval.
- Represent the risk management department on various projects that will impact on reporting requirements to ensure that the needs are being met from an IFRS 9 impairments perspective.
- Provide the lead to ensure and promote a culture of control awareness and best practice within the Bank across the IFRS9 impairment process.
- Proactively analyse and report ECL emerging trends/changes and assessing the impact on the bank portfolio.
- Responsible for the accuracy of ECL numbers by reconciling the data to the balance sheet and risk systems
- Provide ECL trend analysis with commentary to senior management clarifying reasons for ECL movements
- Work closely with HO in the implementing IFRS9 strategic solution by validating data inputs/outputs as well as, internally coordinate with different stakeholders in HO and ABCIB to address any issues
- Participate and coordinate with the Finance team and other relevant departments to produce various IFRS9 templates published in the Bank’s annual reports (i.e. Bank’s statutory reporting)

**Systems**
- Manage the process of updating external ratings in the bank credit system through involving credit risk and CAD teams by running a monthly reconciliation exercise using S&P, Fitch, CI, Moody’s and Bloomberg
- Running a monthly country of risk and industry codes reconciliation exercise to ensure URBIS is in line with CMS and coordinate with operation to update

**Market risks**
- Provide cover for absent colleagues to run the followings reports:

- Provide analysis and report on Bank VaR, Trading VaR and BPV movements
- FX open positions

**Other reports**:
Support in the preparation of various ad hoc reports to senior management, staff members as well as external auditors


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