Assistant Vice President, Finance - Business Finance Advisory & Financial Reporting Standards MY

Model development

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.

Qualifications  

(Basic Degree/Diploma etc)

 

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

Relevant Work Experience 

• 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.