Job Description

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Key responsibilities: * Revamp modelling methodology and develop IFRS 9 models through statistical analyses and research papers and make recommendation for improved/new financial impairment model design and methodology that provides the most efficient and effective forward-looking measurement of expected credit losses (ECL).

• Collaborate with Business stakeholders and Group Risk to develop, calibrate and review the appropriate assumptions and criteria for impairment model and ensure relevancy and adequacy.
• Perform complex, quantitative and qualitative financial modelling analyses of IFRS 9 and ensure the process is robust with precision and adequate controls to support decision making at various management levels and the overall IFRS 9 requirements.
• Assist to insightful and impactful business performance metrics and quantitative dashboard with in-depth analytics and trends for senior management and SBUs respectively.
• Support the preparation of insightful analytics on the movements of ECL, Probability of Default (PD), etc. at various levels i.e. management, countries, SBU and products and ensure high accuracy, integrity and timely reporting for all relevant parties including for regulatory submission.
• Participate and contribute to support the IFRS 9 continuous enhancement programs across CIMB Group.
• Support queries and requests from management, validators, regulatory bodies, internal and external auditors pertaining to IFRS 9 financial models by providing necessary information
• Ensure all variable models such as Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) are fully compliant with IFRS 9 requirements.
• Enforce and maintain internal controls, and effectively manage the execution of risks mitigation plans, when needed, to ensure reporting quality and integrity.
• Identify opportunities for efficiencies through simplification, standardisation and automation of structure and processes and manage the execution of the initiatives.
• Actively contribute to the continuous improvement initiatives within own team and Group Finance.

CIMB