Manager International Financial Reporting Standards (IFRS9)-HBFC, Karachi

By House Building Finance Corporation, Karachi                                                 Qualification:

• ACA, ACMA, Master’s/4-year Bachelor’s Degree in Business Administration, Actuarial Sciences, Data Science, or Econometrics from HEC recognized institutions

Experience:

• Minimum 03 years of relevant post qualification experience.
• Significant prior experience in an IFRS 9/Credit Risk Modeling team.
• Understanding of risk metrics and accounting concepts (PD, LGD, EAD, arrears and roll rates, interest rates, fair value, write-offs).
• IFRS 9 and credit rating scorecard model building experience and documentation skills. Risk and financial reporting experience.
• Prior experience in undertaking linear regression analysis and historical vintage analysis.  Credit risk management, credit risk modeling or business expertise within a Retail/Commercial or Corporate bank, with the ability to apply technical IFRS 9 guidelines to practical business scenarios.  Knowledge and hands-on with Advanced Excel, Power BI, VBA, C++, SPSS/SAS, and other programming skills with experience in working with large datasets

Jobs Responsibilities:

• Manage and implement the ongoing quarterly production of IFRS 9 expected credit losses using existing models and develop new models, whilst providing insight and analytical commentary to allow senior management to make complex considerations and a high level of management judgment on the expected credit loss calculations through regular monitoring and reporting.
• Develop additional IFRS 9 ECL models and /or PD / LGD scorecards should the HBFC widen its product offering.
• Enhance IFRS 9 model monitoring and management information to allow senior management to understand new and potentially even more complex products and investments in the future.
• Enhance the development of second-generation IFRS 9 models, including recalibration of PD, LGD, macroeconomic scenarios, and interest rates. Work with the team to ensure the relevant journal balance movements, reconciliations, reports, and annual report and accounts entries are produced in line with IFRS9 and HBFC’s financial reporting timelines.
• Provide and present advanced analytical insights to the senior management and Stakeholders, in addition to explain new technical concepts when necessary, and ensure that IFRS 9 standards and requirements are cascaded and met across the organization.