Senior Manager, IFRS9 Modelling & Reporting
The Position:
The role holder will be
responsible for leading a team that runs the models for KCBK and Group
subsidiaries’ IFRS 9 Models, validate model assumptions for Probability of
Default, LGD, cure rates, EAD etc and provide overall oversight over the model
running.
Key Responsibilities:
- Lead
a team that runs the models for KCBK and Group subsidiaries’ IFRS 9 Models
- Interpret
data for the purpose of determining the root causes of past figures,
financial, costing, and operational performance
- Overall
custodian of KCBK and Group subsidiaries’ IFRS 9 Models
- Validation,
integrity, and completeness of the loans data before running models.
- Support
IFRS 9 Technical committee and Early Alert Committee.
- Update
model assumptions for Probability of Default, Cure Rates, Overlays for
macroeconomic indicators
- Ensure
proper application of Retail Overlay recovery rate and Digital Loans; Mobi
and KCB Mpesa post write-off recovery.
- Offer
support in External and Internal Audit engagement.
- Support
IFRS 9 Technical committee and early alert committees with recommendations
for model enhancement.
- Offer
support in External and Internal Audit engagement with respect to IFRS9
model quality assurance, validation, and accuracy controls.
- Validate
the IFRS 9 Listing for CBK returns.
- Support
business processes to optimize capital allocation and processes to support
business growth based on opportunities that arise from the models.
- Validate
the Sensitivity analysis and projection reports.
- Provide
effective insights and analysis to assist the Enterprise Business in
meeting the established financial and profit objectives; Provide
analytical support and analysis to the Business Performance Manager.
The Person:
For the above position,
the successful applicant should have the following:
- A
degree in Accounting, Finance, Economics, Statistics, Physics, Actuarial
science, mathematics or related fields.
- 8
years’ experience in a Financial/ credit Reporting role, or general
banking, or in an actuarial role, or Credit risk management.
- 1
year working experience handling large data sets for a bank ideally with
Big 5 audit firms, or in a Finance function or Credit or in an actuary on
a day-to-day basis in a top tier bank or supporting a top tier bank in
Kenya.
- 1
year working knowledge of SQL scripting using any tools SQL developer, or
any other applicable tools on a day-to-day basis.
- Clear
understanding of Credit facilities offered by banks and their risk
profiles.
How to Apply
The above position is
demanding role for which the Bank will provide a competitive remuneration
package to the successful candidate. If you believe you can clearly demonstrate
your abilities to meet the criteria given above, please log in to our
Recruitment portal and submit your application with a detailed CV.
To be considered your
application must be received by Wednesday 15th February
2023
Qualified candidates with
disability are encouraged to apply.
Only short-listed
candidates will be contacted.
