Unit Head - IFRS 9 & Fair Valuations (AVP / VP) - TJ / 1903596

Recruit AI; Karachi Division; On-site; PKR 3,600,000 - 6,200,000; Full time

Job summary

National Bank of Pakistan is seeking a Unit Head - IFRS 9 & Fair Valuations (AVP / VP) for Karachi. The role reports to the Wing Head - Strategic Finance & Special Projects and requires strong IFRS 9 experience and advanced data analytics skills.

Qualifications include 6+ years in financial reporting or risk management, with 2 years in IFRS 9; proficiency in Python, Power BI, SQL, and Excel; and excellent communication abilities. Contractual appointment of three years with renewal option.

Qualifications

• Six years’ experience in financial reporting or risk management in a financial institution.
• Two years IFRS 9 related assignments & reporting preferred.
• Strong data mining and analytical capabilities with large data.

Responsibilities

• Manage monthly, quarterly, semi-annual and annual IFRS 9 ECL calculations using approved models.
• Provide insights and commentary to enable senior management decisions on ECL calculations.
• Develop and enhance IFRS 9 ECL models (PD, LGD, EAD) and related parameters.
• Improve model monitoring and MIS to assess impact of new products/investments.
• Ensure accurate accounting entries and disclosures under IFRS 9 and regulations.
• Provide training and guidance to Risk team on IFRS 9 and risk management.

Skills

Python

Power BI

SQL

MS Excel

Data mining

Credit risk

Analytical thinking

IFRS 9

Education

Bachelor's or Master’s degree (Statistics/Mathematics/Actuarial/Data Science)

Relevant professional qualification

Tools

Python

Power BI

SQL

MS Excel

Job description

Our client National Bank of Pakistan is looking for a Unit Head - IFRS 9 & Fair Valuations (AVP / VP) in Karachi

The Nations Bank, National Bank of Pakistan aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position in the area of of Financial Control based at Karachi.

Position / Job Title:

Unit Head - IFRS 9 & Fair Valuations (AVP / VP)

Reporting to:

Wing Head - Strategic Finance & Special Projects

Educational /Professional Qualification:

• Minimum Graduation or equivalent from a local or international university / college / institute recognized by the HEC of Pakistan
• Candidate having Masters or Bachelors degree in Statistics, Mathematics, Actuarial Sciences, Computational Finance, Data Sciences and / or other relevant professional qualification

Experience:

• Minimum 06 years of experience in Financial reporting and / or Risk Management in a Financial Institution and / or Article ship preferably with a Financial Institution and / or Audit firm out of which 02 years in IFRS 9 related assignments & reporting

Other Skills / Expertise / Knowledge Required:

• Strong data mining and analytical skills with ability to manage large volumes of data and interpret and comment on data movement
• Sound understanding of the Credit Risk, Exposure at Default, Probabilities of Default, Loss Given Default and Expected Credit Loss calculation methodology, credit policy, etc.
• Excellent knowledge of open source programming and data analytical tools such as Python, Power BI, SQL and MS Excel etc.
• Excellent communication skills
• Detail oriented with high level of accuracy

Outline of Main Duties / Responsibilities

• To manage and implement the ongoing monthly, quarterly, semi annually and annually production of IFRS 9 Expected Credit Loss (ECL) calculations using approved models
• To provide insights and analytical commentary to enable Senior Management to make informed decisions and exercise appropriate management judgment in relation to Expected Credit Loss calculations through regular monitoring and reporting
• To develop and enhance IFRS 9 ECL models, including PD, LGD and EAD models as well as recalibration of PD, LGD, macroeconomic scenarios, interest rates and other relevant model parameters
• To enhance IFRS 9 model monitoring and management information to enable Senior Management to assess the impact of new and potentially more complex products and investments
• To ensure that relevant account movements, reconciliations, reports, annual report disclosures and accounting entries are prepared accurately and within the timelines prescribed under IFRS 9 and applicable financial reporting requirements
• To ensure compliance with all regulatory and reporting requirements relating to IFRS 9
• To provide training and technical guidance to Risk team members and other relevant officers on IFRS 9 and related risk management activities
• To perform any other assignment as assigned by the supervisor(s)

Place of Posting:

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteriawill be invited for panel interview(s).

Employment Type

The employment will be on contractual basis for three years which may be renewed ondiscretion of the Management. Selected candidates will be offered compensation package and other benefits as per Banks Policy / rules.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.