IFRS 9 Specialist

Affirmative Portfolios; Sandton; On-site; ZAR 60,000 - 90,000; Full time

Job summary

A leading financial institution in Sandton is seeking an IFRS 9 Specialist to oversee the development and reporting of IFRS 9 impairment models. The ideal candidate will have a bachelor's degree in a related field and 3-5 years of experience in model development within a financial services environment. This role offers a chance to ensure compliance with accounting standards and contribute to impactful financial decision-making.

Benefits

Medical Aid

Provident Fund

Qualifications

• 3-5 years of experience with IFRS 9 model development and validation.
• Experience in financial services or banking environments.
• Advanced Excel skills.

Responsibilities

• Develop, implement, and maintain IFRS 9 models for impairment calculation.
• Provide technical accounting expertise on IFRS 9.
• Prepare and deliver IFRS 9 reports and audit documentation.

Skills

IFRS 9

CREDIT RISK MANAGEMENT

Financial Reporting

Advanced Excel

Education

Bachelor's degree in Accounting, Finance, Actuarial Science, Risk Management

BCom Honours or equivalent postgraduate qualification

Job description

IFRS 9 SPECIALISTJOHANNESBURGSALARY - MARKET RELATED Deadline: 3 June 2025Finance Department Reports to the Finance Manager Role Summary:The IFRS 9 Specialist will be responsible for overseeing the development, implementation, monitoring, and reporting of IFRS 9 impairment models and policies. The role will ensure compliance with accounting standards, manage model governance, and support accurate financial reporting. Key Responsibilities/Outputs:

• Develop, implement, and maintain IFRS 9 models, methodologies, and processes for impairment calculation.
• Perform regular reviews and recalibrations of IFRS 9 models to ensure their validity and compliance with evolving standards and regulations.
• Provide technical accounting expertise on IFRS 9 and its application to new and existing products, transactions, and business developments.
• Lead or support the design and execution of model validation, back-testing, and governance processes.
• Work closely with Finance, Risk, Credit, and IT teams to source and verify the data required for model inputs and outputs.
• Prepare and deliver detailed IFRS 9 reports, disclosures, and audit documentation.
• Conduct impact assessments of any changes in business activities or credit risk parameters on ECL calculations.
• Provide technical training and guidance to internal stakeholders on IFRS 9 processes and interpretations.
• Monitor regulatory developments and ensure ongoing compliance with accounting and risk management standards.
• Support internal and external audits and regulatory reviews related to IFRS 9 reporting.

Experience/Skills Required:- 3-5 years of experience working with IFRS 9 model development, validation, or implementation.- Solid experience in financial services, banking, or credit risk management environments.- Experience in preparing financial reports in compliance with IFRS standards.- Advanced Excel skills

Qualifications Required:- Bachelor's degree in Accounting, Finance, Actuarial Science, Risk Management, or related field- BCom Honours or equivalent postgraduate qualification would be advantageous.- Professional certifications such as CA(SA), CIMA, ACCA, CFA, FRM would be advantageous.

Personal Attributes:Behavioural Competencies - Good Communication Skills- Analysis and attention to detail- Networking Skills- Customer Service Orientation- Self-Motivated and Self driven- Coping with pressures and setbacks- Negotiating and Influencing- Decision Making skills- Interpersonal skills

Technical Competencies - Strong analytical, quantitative, and problem-solving skills.- Report Writing Skills- Project Management Skills- Strong Analytical Skills- Planning and Organising- Consulting / Advising- Presentation and Facilitation- Verbal and Written Communication

Please Note: Should you not receive any feedback within 3 months, please consider your application as unsuccessful.

Desired Skills:

• IFRS 9
• IFRS 9 SPECIALIST
• DEVELOPMENT AND IMPLEMENTATION AND MONITORING AND REPORTING OF IFRS 9 IMPAIREMENT MODELS AND POLICIES
• COMPLIANCE WITH ACCOUNTING STANDARDS
• MODEL GOVERNANCE
• Financial Reporting
• BANKING AND FINANCIAL SERVICES AND OR CREDIT RISK MANAGEMENT
• CREDIT LOSS MODELLING
• DEVELOPING
• COLLABORATING THE MODEL FROM SCRATCH
• CREDIT RISK MANAGEMENT
• CREDIT MODELS
• MACRO ECONOMICS

Desired Qualification Level:

• Honours

About The Employer:

FINANCIAL INSTITUTION

Employer & Job Benefits:

• Medical Aid
• Provident Fund