AVP, Finance - Business Finance Advisory & Financial Reporting Standards MY

CIMB Group Holdings Berhad; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading financial institution seeks an AVP in Finance to manage the development and monitoring of FRS9 models in accordance with IFRS9 standards. The ideal candidate will have extensive experience in financial modelling and regulatory compliance, alongside strong analytical and communication skills. Join CIMB Group in ensuring the accuracy and robustness of financial models while collaborating across various departments.

Qualifications

• Minimum 5 years of experience in FRS9 modelling.
• Expertise in complex financial modelling and analysis.
• Ability to communicate complex information to non-technical stakeholders.

Responsibilities

• Manage development and monitoring of FRS9 models.
• Explore improvements to model methodology.
• Communicate model results to senior management.

Skills

Statistical modelling

Data analysis

Programming languages (Python, R, SAS)

Financial modelling

Education

Bachelor's degree in Mathematics, Statistics, Economics, or related field

Master's degree or PhD

Tools

Tableau

SAS

R

Python

Job description

AVP, Finance - Business Finance Advisory & Financial Reporting Standards MY

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1. Responsible for managing the development, implementation, and ongoing monitoring of FRS9 models in accordance with accounting (IFRS9) requirements and ensure compliance with regulatory requirements, internal policies and procedures, and market conventions.

2. Oversee the ongoing monitoring of models to ensure their accuracy, robustness, and compliance with regulatory and internal requirements.

3. Work closely with various stakeholders, including business units, risk management, accounting/finance, and IT teams to ensure the accuracy and relevance of the FRS9 model.

Key Responsibilities

1. Develop and implement FRS9 models (PD, LGD, EAD) using best industry practices and ensure alignment with accounting and regulatory requirements.

2. Communicate FRS9 model results and insights to senior management and stakeholders in clear and concise manner.

3. Explore and recommend improvements to existing model methodology and design that provide the most efficient and effective forward-looking measurement of expected credit losses (ECL).

4. Collaborate with Business stakeholders, Risk, Accounting/Finance and IT to develop, calibrate and review the appropriate assumptions and criteria for impairment model and ensure relevancy and adequacy.

Monitoring

1. Oversee and execute development and implementation of FRS9 model monitoring framework and processes.

2. Perform ongoing monitoring and analysis of FRS9 models performance and recommend enhancements or changes as needed.

3. Communicate FRS9 model monitoring results and insights to senior management and stakeholders in clear and concise manner.

4. Collaborate with independent validation teams to ensure model monitoring practice with validation standards.

Analytics

1. Assist to insightful and impactful business performance metrics and quantitative dashboard with in-depth analytics and trends for senior management and SBUs respectively.

2. Support the preparation of insightful analytics on the movements of ECL, Probability of Default (PD), etc. at various levels i.e. management, countries, SBU and products and ensure high accuracy, integrity and timely reporting for all relevant parties including for regulatory submission.

General

1. Support queries and requests from management, validators, regulatory bodies, internal and external auditors pertaining to IFRS 9 financial models by providing necessary information.

2. Actively contribute to the continuous improvement initiatives within own team and Group Finance.

3. Enforce and maintain internal controls, and effectively manage the execution of risks mitigation plans, when needed, to ensure reporting quality and integrity.

4. Participate and contribute to support the IFRS 9 continuous enhancement programs across CIMB Group.

Job Specification

Qualifications

Bachelor's degree in numerate subject Mathematics, Statistics, Actuarial Science, Economics, Finance, or related field. Master's degree or PhD is added advantage.

Professional Qualification and/or Regulatory, Licensing requirements

ACCA/ MICPA/ CPA/ ICAEW/ MIA

AICB / FRM / BRM / GARP

CFA

Minimum 5 years of experience in FRS9 modelling and analysis in established financial institution or public accounting firm

Expert in complex financial modelling, analyses and interpretations

Experience and in-depth knowledge particularly in IFRS 9

Ability to articulate in layman on technical and complex information to all levels of management for decision-making

Broad knowledge of accounting standards and reporting requirements and regulatory framework in financial services industry

Strong technical skills in statistical modelling, data analysis, and programming languages such as SAS, R, and Python.

Required Competencies and Skills

Technical/Functional skills

Strong proficiency in programming languages such as Python, R, and SAS for data manipulation and analysis.

Experience in statistical modelling techniques

Experience in working with databases and data warehouse

Experience in using data visualization tools such as Tableau for creating dashboards, reports, and visualizations to communicate insights

Experience in working with large datasets, data cleaning, and data preparation techniques

Knowledge of Accounting Standards, Concepts and Treatments (IFRS/ MFRS/ GAAP) with emphasis in IFRS 9

Knowledge of Banking Products, Operations and Environment

Non-Technical Skills

Ability to communicate complex technical concepts to non-technical stakeholders and.

Strong problem-solving skills, attention to detail, and ability to work in a fast-paced and dynamic environment.

Ability to collaborate effectively with cross-functional teams

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Banking & Financial Services More than 10,000 employees

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.

CIMB Group has the most extensive retail branch network in ASEAN approximately of 720 branches as at 30 September 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around of 600 stocks in the region.

CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM48.9 billion as at 30 September 2019. The Group has around 36,000 employees located in 16 countries

For more information, please visit www.cimb.com

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.

CIMB Group has the most extensive retail branch network in ASEAN approximately of 720 branches as at 30 September 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around of 600 stocks in the region.

CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM48.9 billion as at 30 September 2019. The Group has around 36,000 employees located in 16 countries

For more information, please visit www.cimb.com

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