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This role serves as the Finance lead for the successful implementation of the Internal Ratings-Based (IRB) approach for credit risk under the Basel framework. The successful candidate will ensure that IRB model outputs are effectively embedded into key Finance activities, including capital planning, stress testing, performance analysis, capital optimization and regulatory reporting. As part of a cross-functional team, the role will also lead Finance's readiness for IRB use tests and regulatory validation, while supporting broader capital management initiatives.
- Lead Finance's role in the end-to-end implementation of the IRB approach for credit risk.
- Ensure IRB model outputs are integrated into financial planning, capital forecasting, and performance management.
- Support the integration of IRB metrics into pricing, profitability, and capital allocation frameworks.
- Oversee the implementation of risk-based pricing models, including coordination with consultants, stakeholder engagement, training, and handover.
- Provide Finance input for ICAAP, stress testing, capital optimization, and regulatory reporting processes.
- Analyse differences between IRB and standardized capital metrics and assess their financial implications.
- Support system readiness, including UAT, parallel runs, and reconciliation between risk and finance data sources.
- Maintain comprehensive documentation to support Finance's role in IRB implementation, including assumptions, methodologies, and evidence for audit and regulatory reviews.
- Ensure financial disclosures, including Pillar 3 and ICAAP documentation, reflect IRB-based capital metrics where applicable.
- Update Finance policies, procedures, and internal control frameworks to reflect IRB integration and regulatory expectations.
- Track and report Finance-related project progress, risks, and dependencies to relevant stakeholders.
- Perform any additional responsibilities or strategic assignments as assigned by management from time to time.
