IFRSIRB Model Validation

Overview:

Key Responsibilities:

• Validate IFRS and IRB models used for credit risk measurement.
• Assess model performance against regulatory requirements and industry best practices.
• Review and validate model assumptions and methodologies.
• Ensure compliance with IFRS standards and regulatory guidelines.
• Conduct quantitative analysis of model outputs and assumptions.
• Prepare comprehensive validation reports documenting findings and recommendations.
• Participate in model governance and validation committee meetings.
• Collaborate with crossfunctional teams including risk management and finance.
• Provide insights and recommendations to enhance model performance and accuracy.
• Stay updated with regulatory changes and industry developments related to IFRS and IRB models.
• Contribute to the enhancement of model validation processes and procedures.
• Support audit and regulatory examinations related to model validation.
• Provide training and guidance to junior team members.
• Participate in model development and implementation projects.

Required Qualifications:

• Bachelors degree in a quantitative field such as Mathematics Statistics Finance or Economics.
• An advanced degree (Masters or PhD) in a related field is preferred.
• 3 years of experience in model validation within a financial institution.
• Total Experience: Prior experience of 35 years (Senior) 58 years (Assistant Manager) working in the Risk Management/Analytics division in large banks and tier 1 consulting organizations like Big 4 or captives of top tier banks is preferred
• Strong understanding of IFRS and IRB regulatory requirements.
• Proficiency in statistical and programming languages such as R Python or SAS.
• Experience with credit risk modeling and validation methodologies.
• Ability to conduct quantitative analysis and interpret model outputs.
• Familiarity with financial products and markets.
• Excellent written and verbal communication skills.
• Ability to work independently and in a team environment.
• Strong attention to detail and analytical mindset.
• Certifications such as CFA FRM or PRM are a plus.
• Knowledge of model governance and validation best practices.
• Ability to prioritize and manage multiple tasks effectively.
• Proficiency in MS Excel PowerPoint and other relevant software.

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