AVP -risk Chennai

9 - 14 Years

Job Description

we have urgent opening company in India for chennai location.

Role Purpose (overall high level summary of the role)
IFRS 9 - Financial Instruments is the most significant accounting change since the initial adoption of IFRS. It replaced IAS 39, which was applicable for financial instruments accounting. IFRS 9 has three important strands, namely Classification & Measurement, Impairment and Hedging. Of these, Impairment is the most significant change which entailed a move from an Incurred Loss approach to an Expected Loss approach. The transmission entailed various activities around model development, calculation engine build out, data and systems interface and agreement on accounting treatment and related policies/processes. Similar to recent trends such as those noted in Basel III/CRD IV implementation, the implementation and the BAU operations require a high level of Finance and Risk interdependency and is therefore being driven as a joint risk-finance initiative. This role is focused on leading one of the regions within the Imapirment Production and Analysis Centre functions to drive the production and analysis of Impairment related information, both from an accounting perspective and to facilitate enhanced risk management. Further, given its linkage to initiatives such as the RWA production and management and stress testing, this will from an operational level necessitate working closely with these streams and also leveraging off common data platforms, standards and utilities.
Role Summary
The key responsibilities for this role include:
Calculate the ECL for all entities within the function as per the designed framework
Validate and adjust data for ECL calculation and drive remediation and improvement of source data
Produce Country Impairment Report and related analysis to facilitate senior management sign-off
Analyse ECL for gaps in data, models and systems and facilitate adjustments and overlays
Engage with Business Finance, RWA PC / Regulatory reporting, Stress testing and other functions to drive end to end synergies and efficiencies
Establish and drive effective relationships with the respective regional stakeholders including CFOs, CROs, CAOs, Risk and Regulatory Leads at a regional and site level
Engage with key stakeholders in Risk & Finance to constantly enhance and re-design the process for faster and improved reporting
Maitain a strong control environment and robust SoX governance
Idenity system enhancements, engage with development team for development and conduct User Acceptance Testing
Provide leadership to the team through ongoing engagement, appropriate training and coaching interventions and facilitating transparent communication including with stakeholders.
Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures
Impact on the Business
Calculate and report the ECL metrics for assigned function
Analyse major movements, indetify the business drivers and provide commentary and analysis to support business decisions and investor disclosures
Proactively manage and improve the quality and consistency of the data and analysis
Monitor business and economic events impacting the business and analyse changes in ECL
Identify opportunities and actively engage in the development of common data platforms and utilities in close association with related workstreams
Lead and conduct the UAT to drive consistency and efficiency
Effectiveness of the data and metrics
Effectiveness of common data platforms and utilities
Effectiveness of the system and the processes
Quality of the analysis and commentary
Timely sign-off of the impairment data and the metrics
Customers / Stakeholders
Engage with stakeholders across Risk & Finance through fact based conversations, building strong relationships to ensure consensus
Anticipates and addresses queries and concerns from stakeholders and resolves them in an effective manner
Positive feedback and improving engagement
Timely and effective resolution of all queries
Leadership & Teamwork
Provide leadership to the team providing guidance, coaching and feedback to improve effectiveness
Engage with leads and colleagues across all functions and regions to promote consistency and teamwork
Effectiveness of the team
Effective collaborating across team at relevant level of the organisation
Operational Effectiveness & Control
Develop and maintain robust operational control environment
Adherence to HSBC compliance standards
Anticipates and identifies existing or emerging risks / issues. Manages the tracking of requirements risks / issues / dependencies, and assesses the impact on the delivery. Proactive approach to process improvement

Minimal exceptions
Process efficiencies realised
Major Challenges (The challenges inherent in the role that require a continual test of the role holders abilities)
Understanding complex data flows, risk and accounting requirements
Communicating with stakeholders across functions in diverse locations and establishing working relationships
Absorbing concepts, defining the approach and developing processes with limited hand-holding
Pressure to deliver within fixed regulatory timelines in an environment of ambiguity
Role Context (The environment and operating conditions of the role including the extent of guidance and authority)
The ECL processes and reporting requirements continue to evolve with new requirements emerging from functions such as Business Finance and Regulatory reporting. The role holder is required to focus on leading these initiatives in addition to the ongoing focus on data integrity and output quality
The jobholder is expected to be a self-starter and able to adapt to changing demands as the project progresses

*The overall size of the team including direct and indirect reportees may vary over the period of time
Knowledge & Experience / Qualifications (For the role not the role holder. Minimum requirements of the role.)
Technical Skill Requirements
Qualified Accountant (CA, CWA, CIMA) / MBA / FRM / Graduate in Statistics / Accounting with 10-13 years of experience in the financial services domain
Understanding of the risk and regulatory requirements or Basel II credit risk calculations
Strong data / systems background or a strong risk or regulatory reporting background is essential
Advanced technical skills (SAS, Big data, Qlikview, MS Excel, and other systems) including experience in business intelligence tools
Strong data mining and analytical skills, including hands-on experience in managing large volumes of data with a proven ability to interpret and comment on data movements

Operational Requirements
Strong stakeholder management skills including ability to present business packs at key forums
Operations management including process governance and stakeholder management
Exposure to system implementation

Personal Skill Requirements
Strong execution and problem solving skills
Ability to work under pressure, report to tight deadlines and deal effectively with issues as they arise
Effective Team Player very collaborative, communicates progress, status and issues on a regular basis.
Ability to present information in a professional manner and respond to questions from all levels of management
Excellent written / verbal communication skills
High degree of motivation and commitment
Ability to work in a dynamic environment and adapt to frequent and multiple changes
please forward your resume if you are interested or call me @9873975909

Thanks Regards
Himani Pant

Salary: Not Disclosed by Recruiter

Industry:Banking / Financial Services / Broking

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Senior Management

Role:Head/VP/GM-Regulatory Affairs

Employment Type:Permanent Job, Full Time


Desired Candidate Profile

Please refer to the Job description above

Company Profile

M/s Gi Human Resources And Services Pvt. Ltd.

One of the leading company
View Contact Details+

Recruiter Name:Prince Prabhakar

Contact Company:M/s Gi Human Resources And Services Pvt. Ltd.

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