Specialist- Credit Risk and IFRS9 Execution & Reporting

FAB GBS India is looking for top talent, and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry. 

Job Purpose:

The overall responsibilities of this position are vital within Group Credit Risk team covering areas relating to PW & BB Portfolio including Group level provisioning under IFRS 9, Credit Risk Reporting, analysis and regulatory aspects such as Asset Quality, Impairment, provision adequacy & coverage, and credit portfolio monitoring & reporting. The role holder’s primary responsibilities include:

• Undertake IFRS 9 staging and Provisioning review process as per Regulatory requirement and internal policy including international locations.
• Assist in reviewing inputs & variables used in the development of various Models. (Rating Models, IFRS9 related PD & LGD Models etc .
• Assist in analysis of Assets Quality, Impairment Charge, Coverage and COR by business segment for PW & BB Portfolio across FAB Group
• Assist in submission of detailed monthly dashboards and analysis reports
• Maintain Risk data base (PW & BB) for robust monitoring and Reporting of Credit Risk
• Asist in portfolio stress analysis related to PW & BB Portfolio.
• Work on specialized Project, budgets and forecast related to PW & BB Portfolio

Key Accountabilities:

Policies, Systems, Processes & Procedures

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Always demonstrate compliance to organization’s values and ethics to support the establishment of a value drive culture within the bank.

Continuous Improvement

• Participate in the identification of opportunities for continuous improvement of the process. Collaborate within Risk and partner with Business, Credit, Finance, Relations and IT to improve/streamline the systems/processes.

Job Context:

Specific Accountability

'PW & BB – Credit Risk:

• Assist in reviewing input data and coordinate with other stakeholders like PW & BB Credit, ERS team in development, rollout and maintenance of various models and scorecards etc
• Assist in Carry out thematic portfolio stress testing/scenario analysis by providing relevant data set.
• Support in annual budgeting and forecasting exercise of PW & BB portfolio.

IFRS 9 Execution and Reporting:

• Undertake IFRS 9 staging and ECL review process adherence to IFRS/local regulatory requirements/ internal policies and provide flash report to line manager
• Coordinate with overseas Risk team to conclude IFRS 9 run 
• Maintain and follow-up on approval of the staging and ECL overrides as required under IFRS9 Imperilment policy.
• Provide support for the annual review and update of IFRS9 Impairment policy.
• Assist in identification of optimization opportunities within the portfolio through data correction and other initiatives.
• Follow up and provide support to close any pending points related IFRS 9 review to Steering Committee
• Oversight on monthly basis input data submission from Credit Department for IFRS 9 such as NPL, IIS and ECL to ensure that ECL Provision accurately reflect Group risk profile.
• Assist in preparation of IFRS9 related MIS / data/reports to be submitted internally and to regulatory authorities.

Early warning, thematic review, Credit Risk Appetite

• Provide support to carry out thematic review / Stress testing as required by Management by Providing required data set.
• Prepare Tier 2.5 demographics for risk appetite reporting & monitoring for PW & BB

Portfolio Management & Regulatory reporting: PW & BB /FAB:

• Preparation of reports to monitor credit quality of the portfolio across PW & BB Portfolio.
• Assist in the development and maintenance of credit risk data base to ensure timely availability of data for analysis, forecasting and decision making. 
• Assist the development of dashboards for the managed portfolio.
• Prepare Industry-wise exposure, ECL and collateral coverage for Credit Risk deck, Investor Relations, Rating Agencies, etc.
• Prepare Stage3 reporting and reconciliation on a monthly basis in coordination with Finance
• Prepare Tier 2.5 demographics for risk appetite reporting & monitoring for Consumer Banking
• Prepare reports for various Rating Agencies for further submission to Investor Relations
• Prepare Credit Risk related Pillar 3 disclosures for Industry and Geography breakdown
• Provide relevant risk information and analysis to support discussions with credit rating agencies / External Auditor /Central Bank etc
• Engage with IT and other relevant departments to streamline processes and improve efficiency across the bank.
• Provide support and data sets as required by Internal/ External/ CBUAE Auditor in their respective reviews.

RCSA , BCM, KRI  and Operation Risk Management :

• Prepare BIA and BCP for Credit Risk in coordination with Business Continuity Management
• Prepare RCSA in coordination with Group Operational Risk Management.

Minimum Qualification

• Bachelor’s degree in accounting, statistics, economics or related discipline.
• Strong analytical skills with experience in analytics & portfolio data management
• Knowledge of advanced excel and power-point skills is a strong plus

Minimum Experience

• 2-4 years’ relevant experience