IFRS9 Manager

Vida Bank; Leeds; Hybrid; GBP 75,000 - 95,000; Full time

Job summary

A UK-based bank is seeking an IFRS9 Manager to oversee ECL models and ensure compliance with regulatory requirements. The ideal candidate will have extensive experience with ECL provisioning for residential mortgages, coupled with a strong understanding of IFRS9. Responsibilities include delivering impairment processing, engaging with auditors, and ensuring model enhancements. We value innovation, inclusivity, and authenticity in our team, and provide a comprehensive benefits package to support our diverse workforce.

Benefits

Comprehensive benefits package

Qualifications

• Hands-on experience in financial institutions with ECL provisioning models.
• Confidence to articulate complex data relationships.
• Desire to deliver complex modelling solutions.

Responsibilities

• Manage Vida Bank's IFRS9 models for accurate ECL predictions.
• Deliver monthly impairment processing and reporting.
• Engage with External Auditors on IFRS9 topics.

Skills

Strong understanding of IFRS9 requirements

Experience in UK mortgage market

Statistical modelling techniques

SAS coding

Python coding

Team collaboration skills

Ability to distil data into meaningful insights

Job description

About us

Vida Bank provides competitive savings products through Vida Savings and specialist mortgage solutions through Vida Homeloans.

Our mortgage business supports Buy to Let (BTL) and residential borrowers (ROO) who find themselves underserved elsewhere. Our mortgage customers range from Buy to Let investors, to the self-employed and customers with multiple jobs.

Our savings proposition is delivered online via our website, and is focussed on providing savers with fair, transparent and competitive rates. Our typical customers are active savers, who tend to look beyond their current account provider for savings accounts.

Our business model and strategy are underpinned by our core purpose to ‘Help More People Find a Place to call Home’.

We are here to help the under‑served, especially those with more nuanced personal circumstances or borrowing needs who are not able to access a mortgage from a mainstream mortgage lender. Working exclusively with intermediary partners, we combine cutting‑edge technology with skilled and caring underwriting expertise to solve complex customer problems.

As a fully regulated UK based bank with ambitious growth aspirations, we recognise the importance of having a clearly articulated culture strategy and the need to actively manage how it embeds in the business together with the behaviours which exemplify it.

As a recognised Best Companies Top 100 mid‑sized company to work for in the UK and a finalist at the Financial Reporter Women’s Recognition Awards, we take pride in our diverse workforce, championing both ethic and gender diversity through our EDI commitments.

Having met the target set by being a member of the HM Treasury Women in Finance Charter we have 50% of senior management roles filled by women.

With offices in London, Newcastle and Skipton, we bring our teams together regularly to collaborate and empower our colleagues to have more choice around when and where they work on the days they are not in the office, with colleagues working remotely in various locations across the UK.

Our Culture

We are proud to have built a culture founded on an ethos of caring, and that sits at the heart of our Vida Values, driving the way we run our business, support our customers and other stakeholders on a daily basis.

We genuinely care about delivering the right outcomes for all our stakeholders who we consider through the cultural framework as our customers, colleagues, company and communities that we operate in.

By Joining Vida you will have a sense of belonging in what is a diverse and collaborative environment, where you will be empowered to take responsibility for driving delivery.

We embrace a diversity of backgrounds and experiences in our people, in the deeply held belief that better outcomes are achieved for customers when our colleagues are better placed to empathise with and understand their unique circumstances. From application to interview, we place inclusion at the heart of all we do.

Role Overview

Acting as Vida’s primary lead in relation to IFRS9, this role is responsible for the management and operation of Vida Banks IFRS9 models ensuring that the models and associated systems, processes, procedures and reporting generate timely and accurate ECL (expected credit loss) predictions to meet the relevant regulatory and accounting requirements.

Key Responsibilities

• Deliver execution of the monthly impairment processing, namely Expected Credit Losses under IFRS9 and associated reporting into all relevant forums / committees (including Credit Committee).
• Analyse MI to produce informative analytics to aid decision making.
• Deliver ECL reporting and analytics to support half‑year and year‑end reporting into Board Audit Committee.
• Identify the need for, recommend, and provide appropriate analytical support for any PMA’s (post model adjustments) which may be required.
• Effectively engage with External Auditors on IFRS9 related topics.
• Ensure that all agreed actions arising from External Audits, Internal Audits and 2nd line model validations are delivered in line with agreed time‑scales.
• Understand internal and external data, infrastructure and reporting requirements, and coordinate these with effective analytical solutions.
• Provide analytics and insight arising from IFRS9 models to support pricing and propositional developments / enhancements and stress testing (including ICAAP).

Additional responsibilities for second line Risk

• Regular monitoring and review of IFRS9 models ensuring that they continue to align to relevant accounting and regulatory requirements.
• Identifying required enhancements / improvements to IFRS9 models.
• Ensuring that IFRS9 Models continue to meet the requirements of Vida’s ERMF and Model Risk Management Framework.

Requirements

• A strong understanding of IFRS9 requirements within Financial Services, with extensive experience in operating and enhancing ECL provisioning models (IFRS9) for residential / Buy To Let mortgage portfolios.
• Hands‑on experience in financial institutions or other equivalent organization with a strong background in the UK mortgage market.
• Strong mathematical and statistical background, knowledge of statistical modelling techniques.
• Experience of data mining with direct and extensive experience of SAS coding based models. Knowledge of Python coding would be an advantage.
• Excellent team collaboration skills.
• Confidence to articulate complex relationships and distil large volumes of data into meaningful prose to support critical decision making.
• Ability to challenge and recommend options to senior stakeholders.
• Desire to take responsibility for delivering complex modelling solutions.
• A preference for a fast‑paced, entrepreneurial environment.

Our Values

Our values are well established and recognised throughout our organisation. They provide a frame of reference for the behaviours expected from our colleagues every day.

We find ways to break old conventions, especially those which cause exclusion or customer harm. We look for these qualities when hiring new talent into the organisation, and they underpin our approach to personal development and performance management for all our people. At the heart of this is the fact we care about our Customers, Our Colleagues and our Communities. We are :

• Visionary - We innovate and break old habits, thinking big and pushing boundaries together as one team
• Inclusive - We value each other’s differences and work to see people for who they really are
• Dynamic - We are flexible and fast, cutting through complexity and never accepting second best
• Authentic - We are honest and genuine, what you see is what you get

Benefits

We offer a comprehensive benefits package to support our employees’ professional and personal needs. Further details can be provided upon application.