IFRS9 Impairment & Stress Testing Manager- FTC - 12 months

You will play a key role within the Provision and Forecasting team, which manages Impairment stock and Stress Testing Regulatory submissions for a key portfolio. Key activities include but are not limited to monthly impairment reporting; review and challenge of the existing suite of IFRS 9 models; development and maintenance of analytical dashboards and MI; day-to-day management of up to 1 direct report.

The Role: 

• Overseeing the IFRS 9 model outputs, Budgeting and/or stress testing exercises model outputs (such as ICAAP - Internal Capital Adequacy Assessment Process, ACS - Annual Cyclical Scenario, EBA - European Banking Authority, and internal scenarios)
• Leading the preparation of materials and presenting provisions/stress testing exercise results to the relevant governance forums/committees
• Engaging with other risk areas such as forecasting, portfolio management, collections, finance, capital planning, climate risk, and interaction with UK and European regulators regarding stress testing activities
• Engaging regularly with internal/external auditors to ensure audit points are addressed and closed in a timely manner
• Involving in the review and challenge of the next-generation credit risk provisioning & stress testing models
• Establishing robust governance and control frameworks and flagging issues that could lead to misstatement in the results

The Candidate;:

• Extensive knowledge and experience of IFRS9 and undertaking stress testing and forecasting exercises within retail banking
• Extensive experience using SAS for in-depth analysis

It would also be nice for you to have:

• Excellent analytical and communication skills.
• Ability to draw conclusions based on analytic results, present complex concepts and results tailored to the audience
• Understand how results are used by both internal customers (Finance MI and Capital Planning, etc.) and external customers (PRA and EBA - Prudential Regulation Authority)
• Has a good understanding of both the Accounting Standards that impact the provisioning processes and Regulatory Guidance that impacts the capital calculations
• Actively seeks to either reduce or remove risk when weaknesses in either the methodology or the processes are identified