Full Time

Manager, IFRS 9 & IFRS 16 Delivery & Client Support

Urgent
Posted 1 year ago by Summit Consulting Limited
Summit Consulting Limited
700,000/= per month
Application ends: December 14, 2022
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  • Offered Salary
    700,000/= per month
  • Experience
    1 Year
  • Gender
    Both
  • Industry
    Finance, Banking
  • Qualification
    Certificate
  • Career Level
    Officer, Student

Job Description

Summit Consulting Ltd’s IFRS Advisory Service Line with strong expertise in business intelligence and data analytics, strategy and risk management capabilities, have a unique requirement for a Manager level Project Management or Risk Management to play a critical part in their regional IFRS9 & IFRS 16 delivery.

Job Summary

The key focus for this role will be on IFRS9 Impairment requirements on the provision numbers for over 10 of our current bank clients; as well as IFRS 16 and IFRS 17 service delivery, among other roles of implementing new standards. You will be focusing on the regional level (the EAC). You will work across business lines and geographies. You will also have a crucial part in the different proposed methodological options that are being considered for the IFRS 9 Impairment requirements as well as IFRS 16.

Job Purpose

This is a fantastic opportunity for an established IFRS 9 subject matter expert to apply their knowledge at this leading consulting firm in Uganda in the areas of custom client solutions in business modelling and IFRS implementation support. Our clients have market-leading positions across several African geographies and are able to offer the successful candidate a highly rewarding career challenge. Due to the unique nature of this requirement, we are willing to look at candidates on a regional basis.

Responsibility

  1. Develop a balanced approach to assess the impact of IFRS 9 Impairment requirements on our clients as well as offer on-going support
  2. Implement the provision impact methodology including data gathering process and quantitative approach
  3. Develop and implement an impact assessment analysis structure including specific sub-portfolio impact assessment (business lines, geographies).
  4. Assess the volatility of IFRS 9 Impairment methodological options and communicate results with the methodology teams
  5. Assess country-specific methodological requirements for IFRS 9 Impairment program. Support countries in the delivery of their methodology with special focus on Kenya and Uganda; by understanding central bank regulatory requirements to ease compliance for client banks
  6. Management of a small team of individuals (4 staff initially) in the delivery of the responsibilities as well as management of key stakeholders in the delivery of the assessment and communication of the results to senior management
  7. Develop a communication program linked to the Financial Impact assessment
  8. Provide on-going support to specific clients to help them comply fully with all requirements of the regulators as and well they are issued so as to keep the clients fully compliant
  9. Make presentations to clients
  10. Work closely with the summit business intelligence and data analytics team to guide on developing custom models that speak to the clients business for swift compliance
  11. Publish on-going position papers, blog articles and IFRS briefs to provide to clients to keep them up to date with new changes in the standards
  12. Publish the annual state of IFRS compliance in Uganda following an annual survey of all clients; including making clear recommendations on how to improve the compliance by financial institutions
  13. Be a champion of all IFRS standards specifically IFRS9, 16, 17 and other new ones

Qualifications

  1. Passed O level – less than 17 points
  2. Passed A level – more than 15 points
  3. Passed University – 2nd class upper and above

Key Performance Area

  1. Develop a balanced approach to assess the impact of IFRS 9 Impairment requirements on our clients as well as offer on-going support
  2. Implement the provision impact methodology including data gathering process and quantitative approach
  3. Develop and implement an impact assessment analysis structure including specific sub-portfolio impact assessment (business lines, geographies).
  4. Assess the volatility of IFRS 9 Impairment methodological options and communicate results with the methodology teams
  5. Assess country-specific methodological requirements for IFRS 9 Impairment program. Support countries in the delivery of their methodology with special focus on Kenya and Uganda; by understanding central bank regulatory requirements to ease compliance for client banks

Technical Competencies

  1. Postgraduate degree in Finance, Accounting or risk management
  2. Very good understanding of IFRS 9 Impairment requirements and PD, LGD, EAD models concepts; as well as IFRS 16, IFRS 17 and other new standards
  3. Experience in project delivery
  4. Very good understanding of wholesale banking products and familiarity with retail banking products
  5. Strong analytical and conceptualisation skills, with a view to adopting or establishing industry best practices; prior participation in risk-related FIA initiatives would be an added advantage
  6. Strong interpersonal and communication skills to work effectively with stakeholders from different functions; comfortable in building relationships at various levels and across geographies
  7. Self-motivated person with a high level of drive, dedication and desire to excel consistently
  8. Focused and organised, with the ability to prioritise and deliver effectively
  9. Strong understanding of MS Excel and Power Pivot; as well as modelling skills

Additional Information

We have a passion for helping the people we work with. This passion to help continues in our alumni, who remain connected and loyal to our firm and its people. Those who join Summit Consulting Ltd join people bound by a shared set of values and a culture of support, caring, trust, respect, and interdependence.