Vice President, ECL Management

Key Product experience:

• Retail Lending Products

Job Summary

The candidate will lead the ECL Management and Loss Forecasting team. The ideal candidate will have a background in credit risk management and financial modeling as well as a cost controller. This role involves leading a team of analysts to maintain and implement robust ECL models, ensuring compliance with regulatory requirements. This also involves providing annual and monthly loss forecasts/estimates to support budgeting. He/she will work closely with various departments like finance, collections, risk policy and others to carry out the above activities

Role & responsibilities

• Lead and manage the ECL Management and Loss Forecasting team.
• Develop, maintain and manage all ECL models in compliance with IFRS 9 standards.
• Oversee the implementation of ECL models ensuring proper calibration, validation, and documentation of models.
• Manage all ECL audits incl. stat audits and regulatory inspections
• Analyse and interpret financial data to provide credit loss forecast and outlook
• Collaborate/liaise with other departments to gather necessary data and insights for forecasting
• Prepare and present detailed reports on loss forecasts to senior management and stakeholders.
• Stay updated with industry best practices, regulatory changes, and advancements in loss forecasting and expected credit loss management

Preferred candidate profile

Qualifications:

• Chartered Accountant (additional professional certification (e.g., CFA, FRM) is preferred.)
• Minimum of 6-8 years of experience in loss forecasting/ ECL management, or a related role.
• (Overall experience of around 13-15 years of experience)
• Familiarity with regulatory requirements and industry standards related to accounting standards/ IFRS9
• Familiarity with net flow rates, gross flow rates, recovery rates, cost of recovery etc.
• Experience as a cost controller, credit cost/loss budgeting
• Excellent communication and leadership skills.
• Ability to work collaboratively with cross-functional teams
• Detail-oriented with a strong focus on accuracy and compliance.

Preferred Qualifications:

• Certification (e.g., CFA, FRM).

Key Competencies:

• Leadership and team management
• Strategic thinking and planning
• Attention to detail and accuracy
• Strong organizational skills