FRM Manager for Expected Credit Loss Model (IFRS 9)

Job Responsibilities

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Responsibilities may include but are not limited to:
• ▪ Validate the Expected Credit Loss (ECL) model in accordance with IFRS 9 standards;
• ▪ Conduct comprehensive reviews and analyses of model inputs, assumptions, methodologies, and outputs;
• ▪ Identify any gaps, errors, or areas of improvement in the ECL model and provide recommendations;
• ▪ Collaborate with cross-functional teams including risk management, finance, and IT to implement validation findings;
• ▪ Prepare detailed reports documenting validation processes, results, and recommendations; and
• ▪ Stay updated with regulatory developments and best practices related to ECL modeling and validation.

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Eligibility Requirements

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Candidate should have:
• ▪ Bachelor's degree in Finance, Accounting, Mathematics, Statistics, Economics, or related field. Master's degree preferred.
• ▪ Solid understanding of IFRS 9 standards and regulations related to ECL modeling.
• ▪ Minimum experience of [5] years in validating credit risk models within the financial services industry.
• ▪ Proficiency in statistical analysis tools such as SAS, R, or Python.
• ▪ Strong analytical skills with the ability to interpret complex data and identify trends.
• ▪ Excellent communication and interpersonal skills.
• ▪ Ability to work effectively both independently and as part of a team.
• ▪ Attention to detail and a commitment to accuracy.

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