Head IFRS 9 Impairment Execution and Controls (Director)
May 10, 2018
London, United Kingdom
My client, a top tier investment bank is looking for a Director level Head IFRS 9 - Impairment Execution and Controls permanent role to join their team based in London.
IFRS 9 Financial Instruments is the most significant risk and accounting change since the initial adoption of IFRS, and one of the most significant changes in credit risk measurement since Basel II.
IFRS 9 is the bank's flagship initiative, with strong visibility at Board level and offers an excellent opportunity for individual development and career progression. It involves facing off to numerous areas of the bank and working together to produce Impairment provisions which ultimately get reported into the financial statements.
The Head IFRS9 - Impairment Execution and Controls role will report to the Global Head of Wholesale Impairment, and coordinate & manage the end-to-end impairment process and manage key interactions with other related teams (i.e. Group Risk Analytics, Forward Economic Guidance, Finance and Stress Testing teams). The role will involve managing an onshore team as well as interacting with dedicated offshore teams.
Tasks include but are not limited to:
Periodically deputize for the Global Head of Wholesale Impairment
Ensuring smooth running of a new Operating Model and Governance process introduced for IFRS 9
Ensure compliance to Group policies and governance and controls framework
Ensuring the team are performing Review and Challenge activities for key regions in a timely manner
Strong ability to build and manage relationships across a range of seniorities
Oversight of the business and data analyst teams
Working with Group Risk Analytics teams to understand credit risk methodology's relating to IFRS 9
Coordinating activities with Stress Testing, Sovereign Risk & Forward Economic Guidance Teams
To be successful in the role, you should meet the following requirements:
Strong IFRS 9 subject-matter, business knowledge and technology sense
Some understanding of policy setting, model inputs, forward economic guidance, stage allocation, disclosures and financial reporting, SOx controls
Solid communication skills with stakeholder at all levels
Understanding of accounting and/or credit risk concepts
Experience of financial or risk reporting processes
Be able to articulate complex information in clear and structured way to suit audience
Experience in managing teams and stakeholders across the regions
Ability to cope with rapidly changing priorities
Well organized, logical thinker, problem solver
Understanding of IFRS 9 and the IFRS 9 impairment process or alternatively of RWA/stress testing processes
Understanding of financial close processes
Understanding of financial reporting controls and SOx processes
Understanding of Finance & Risk processes at a Global Bank
Ability to a provide a proactive focus on risk/issue identification and mitigation, recognising where MI should be escalated for further review
Promote a culture of control awareness and best practice across the IFRS 9 impairment process
Ability to effectively work with global and regional teams in Risk, Finance and relevant Transformation functions.
Ability to lead offshore teams
Capability to provide adequate challenge where necessary
Ability to demonstrate leadership qualities across the impairment process
ACA or ACCA or CISI or CSA qualified, relevant professional qualification, or relevant advanced degree
Ideally experience of credit risk management and/or measurement
Communication with senior stakeholders, e.g. lead technical discussions, prepare executive-level commentary and technical papers etc.
Candidates with slightly less experienced will be considered for Senior Manager level roles.
Please send your CV to firstname.lastname@example.org
Please note our advertisements use PQE/salary levels purely as a guide. However we are happy to consider applications from all candidates who are able to demonstrate the skills necessary to fulfil the role.