We are looking for a Expected Credit Loss (ECL) Manager to join our company with the following qualifications and skills:
Main Responsibilities:
- Run the ECL and staging models at each reporting date.
- Validate the inputs and outputs of the ECL and staging models at each reporting date.
- Report the output of the ECL models to the relevant stakeholders at each reporting date.
- Coordinate with the Credit Risk Management Consultants on the validation activities to be performed on the components of the ECL models.
- Apply and report on the defined ECL KPIs to determine the effectiveness of credit monitoring and control.
- Perform collateral valuation as per the defined frequency.
- Coordinate with licensed valuers on performing collateral valuation .
- Perform collateral analysis under various scenarios, including stress scenarios, to assess collateral values on a quarterly basis.
- Monitor general trends in the market and take into account any deterioration or obsolescence of various types of collateral.
- Implement and update the ECL-related policies and procedures.
- Ensure compliance with the ECL-related policies and procedures.
- Stay abreast of the latest developments in regulations and accounting standards related to ECL.
Requirements and skills:
- Minimum of 3 to 5 years of experience in accounting or auditing with assignments related to IFRS 9 implementation/application.
- Bachelor's degree in Finance or Accounting.
- Professional Accountant CA/ACCA/CMA.
- Qualified or Finalist Certification in financial modeling is a plus.
- Conceptual Clarity of IFRS 9 for the measurement of Financial Assets.
- Practical knowledge of ECL principles and practices.
- High level of analytical and problem-solving skills.
- Proficient in Microsoft Office applications including Word, Excel, and PowerPoint.
- Proficient in English .
- Excellent oral and written communication skills.
- Exceptional organizational skills.
- Exceptional teamwork skills.
- Ability to adapt quickly and appropriately.
- Ability to multi-task
