Risk Management Architect

Vortalsoft Inc; New Jersey; On-site; USD 80,000 - 120,000; Full time

Job summary

Vortalsoft Inc in New Jersey is looking for a Risk Management Specialist focused on IFRS 9 ECL computation and regulatory reporting. The ideal candidate should possess at least 5 years of experience in this domain and be proficient in SQL, SAS, and R.

The role involves preparing monthly reports for Senior Management, automating regulatory submissions, and ensuring compliance with accounting standards. Strong analytical skills and a proactive approach to problem-solving are essential.

Qualifications

• At least 5 years of experience in Risk Management and Portfolio Analytics.
• Hands-on experience with various coding languages & tools.

Responsibilities

• Responsible for IFRS 9 ECL computation & reporting.
• Preparation of monthly IFRS 9 deck circulated to Senior Management.
• Prepare ECL Accounting Entries to be passed in the system.

Skills

Risk Management

Portfolio Analytics

SQL

SAS

R

MS Office

Job description

Responsibilities

• Responsible for IFRS 9 ECL computation & reporting, Rating agency, other regulatory and management reporting.
• At least 5 years of experience in Risk Management and Portfolio Analytics. Exposure to Wholesale Risk related to IFRS 9, Provisions, Capital computation / Reporting and Regulatory reporting is preferred.
• Hands on experience and conversant with various coding languages & tools - SQL, SAS, R and MS Office.
• Preparation of monthly IFRS 9 deck circulated to Senior Management.
• Preparation of key IFRS 9 disclosures required to be published in the bank's financials.
• Submission of IFRS 9 overseas data / reports.
• Single handedly handle RAROC data submission to Finance.
• Play key role in ECL / RWA submissions to Rating Agencies.
• Automation of regulatory reports & internal management reports like IFRS 9 monthly deck & transformation of existing manual processes.
• Prepare IFRS9 Moody's Input file, used for monthly ECL computation.
• Consolidate the IFRS 9 ECL results on a monthly basis.
• Perform Asset Reconciliation before and after IFRS9 ECL run.
• Review Stage 2 criteria and monitor major exposure movements within the Portfolio.
• Prepare ECL Accounting Entries to be passed in the system.
• Participate in preparation of monthly ECL MIS reports used for Senior Management circulation.
• Propose solutions for complex requirements during system enhancements / integrations.