Channel one Audit Valuation Support - ECL

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Senior or Assistant Manager – Expected Credit Losses (“ECL”) – Assurance – Ch1 Audit Valuation Support

Minimum 3 to 5 years of experience in credit risk evaluation with hands-on experience in performing Expected Credit Losses (“ECL”) modelling for financial reporting purposes in line with IFRS 9 & 13 accounting standards and worked within the credit risk/transaction advisory division of a Big-4 or Tier-1 audit/consulting/finance firm.

 

Your key responsibilities

• Review and analyse client’s Expected Credit Losses (“ECL”) reports to ensure reasonableness, financial instrument classification, regulatory disclosures and that they comply with the relevant IFRS accounting standards.
• Develop & maintain credit risk models of client’s loan portfolio in terms of Monte Carlo simulation, stress testing & regression and evaluating credit exposures using PD/PFE, LGD & EAD.
• Collaborate with audit teams, EY audit clients and external specialists to identify and resolve any issues or discrepancies during the ECL reviews.
• Communicate effectively with clients, audit teams, and external valuation specialists to gather necessary information and discuss findings related to ECLs.
• Provide recommendations for adjustments to ECLs as required to align with accounting standards (Strong comprehension of IFRS 9 and IFRS 13) and audit requirements.
• Stay informed about changes in valuation techniques, market trends, and financial reporting standards that may impact ECL reviews.
• Assist in development of training materials and best practice guides on ECL and related matters.
• Mentor and support junior staff in developing their comprehension of ECLs, valuation techniques and financial reporting implications.
• Draft high-quality engagement reports to represent comparative analysis & findings of ECL review.
• Proficiency in programming languages such as Python & R and experience with data analysis using Bloomberg, Refinitiv & Capital IQ.
• Managing and motivating teams of professionals with diverse skills and backgrounds and fostering a team-oriented environment.
• Demonstrating in-depth technical capabilities and professional knowledge and use current technology and tools to innovate and enhance the effectiveness of services provided and act as a leader in adopting new tools and techniques.

 

What we look for

• You have an agile, growth-oriented mindset. What you know matters. But the right mindset is just as important in determining success. We’re looking for people who are innovative, can work in an agile way and keep pace with a rapidly changing world.
• You are curious and purpose driven. We’re looking for people who see opportunities instead of challenges, who ask better questions to seek better answers that build a better working world.
• You are inclusive. We’re looking for people who seek out and embrace diverse perspectives, who value differences, and team inclusively to build safety and trust.
• You are highly motivated & initiative-taking. We’re looking for logical thinkers with a passion in providing financial solutions and have a very strong diligence and attention to details. Being a strong collaborator is critical with the ability to adapt to changing requirements or deadlines in support of our clients’ goals.

 

To qualify for the role, you must have:

• Qualified CA / CFA / ACCA / CPA / CMA / MBA (preferably from a premier institute) or Master’s degree in Business, Finance, or Accounting with a good academic background.
• Minimum 3 to 5 years of related work experience in a credit risk/finance/transaction advisory team performing valuation with a focus on ECL and related credit risk assessments.
• Valuation experience with an investment banking, commercial banking, venture capital, private equity, premier real estate or accounting/advisory/financial services firm is preferred.
• Proficiency in credit risk modelling with excellent analytical, problem-solving, communication, interpersonal and leadership skills.
• Detail-oriented with a commitment to high-quality work.
• Ability to work effectively in a team environment and to manage multiple projects and deadlines.
• Demonstrated aptitude in quantitative and qualitative analysis.
• Strong valuation skills and knowledge of Accounting standards (IFRS 9 & IFRS 13).
• Knowledge and experience across specific industries would be an added advantage.
• A strong work ethic and the ability to adapt to new challenges in a collaborative team environment.
• A strong desire to continually develop themselves and others.
• Ability to successfully manage engagements including the work of team members, client interaction and quality of service.
• Strong skills in MS Office applications (compulsorily in Excel), VBA and advanced tools such as @Risk, Python & R and experience with data analysis using Bloomberg, Refinitiv & Capital IQ would be preferred.
• We would expect you to be available to travel outside of your assigned office location, plus commute within the region to other GDS locations on a short or long-term basis, whenever required.

 

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