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Senior Manager, IFRS9

  • Location: London
  • Salary: £100,000 - £140,000 Base + Bonus
  • Job type: Permanent
  • Job reference: AB/168938
  • Sector: Banking, Asset Management/funds
Job Description


My client is looking for a Head of IFRS9 to report to the Chief Risk Officer and Chief Financial Officer and coordinate & manage the end-to-end impairment process and manage key interactions with other related teams (i.e. Credit, Risk, Finance, Technology and Stress Testing teams).

IFRS9 is a 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.

Duties and responsibilities

Assuming ownership and ensuring smooth running of the IFRS9 Operating Model and Governance process

Ensuring the IFRS9 Operating Model is reviewed, challenged and improved on a continuous manner

Ownership of the IFRS9 methodology and related policies and procedures

Oversight of the business, risk, finance and technology teams involved in the IFRS9 process

Gaining deep understanding of the IFRS9 models in place and working with the model vendors to understand the model sensitives and data dependencies

Own the vendor interaction with core IFRS 9 suppliers (Moody’s Analytics)

Ability to effectively work with global and regional teams in Risk, Finance and relevant Change functions

Coordinating operational and stress testing activities with Risk and Quantitative Analysis teams

Ensure compliance to Group policies and governance and controls framework

Promote a culture of control awareness and best practice across the IFRS 9 impairment process


Required knowledge, skills and experience

Strong IFRS 9 subject-matter expert with corporate credit business knowledge and understanding of IFRS 9 models

Working understanding of IFRS 9 impairment process and RWA/stress testing processes

Working understanding of IFRS9 policy setting, model inputs, forward economic guidance, stage allocation, disclosures and financial reporting

Experience of financial or risk reporting processes

Understanding of accounting and/or credit risk concepts

Be able to articulate complex information in clear and structured way to suit audience

Solid communication skills with stakeholder at all levels

Ability to cope with rapidly changing priorities

Well organised, logical thinker, problem solver


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