Work as assistant manager for implementing IFRS 9 rules/guidelines (Governance, data, system, models, policies etc.) to ensure Expected Credit Losses are calculated as per SAMA / IFRS 9 standard.
Key Accountabilities & Responsibility:
Assist manager in developing & updating on frequent basis IFRS 9 related policies, frameworks, methodologies, manuals and procedures to align with SAMA/IFRS9 guidelines and best practices.
Support to validate, update and develop models for various components of ECL (PD, LGD, EAD, CCF) on annual / frequent basis in compliance with regulatory / IFRS 9 requirements.
Assist in implementation of the models / approved logics/parameters in the IFRS 9 system to calculate the ECL in meticulous compliance with the approved model/methodology documents.
Contribute to ensure IFRS 9 system stability; raise BRs/RFPs/CRs, undertake UATs, undertake sanity/accuracy checks of the calculations of the system.
Maintain data dictionaries, warehouse and ensure availability of data/information, with accuracy and consistency, needed for modelling of various components of ECL/policies.
Assist in undertaking of Stress / Sensitivity Analysis as per internal / regulatory requirements.
Timely preparation IFRS 9 internal and regulatory reports /disclosures with accuracy.
Assist in closure of all the regulatory / Internal / external Audit Observations pointed out in their reports/letter.
Coordinate with IT Division for automation of disclosure/reports/data generation.
Any other task assigned by Manager of Unit/Department from time to time.
Bachelor’s degree in accounting, finance, economics or commerce from accredited college / university.
4-6 years of experience in relevant fields.