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Manager, Assistant Vice President

Kolkata, West Bengal

Black Turtle

Job Description

The Global Risk Analytics (GRA) Function is accountable for Model Risk to the Group.GRA, is a newly formed quantitative analytics function spanning across the former sub-functions of WMR (market risk, CVA, CCR, credit), Operational Risk, Regulatory and Financial Crime Compliance, this is a high risk environment in the financial services industry, with the impact from regulators, customers, shareholders and the media is at an exceptional level, meaning that compliance with the letter and spirit of regulation globally has never been more important.
Global Analytics Centre (GAC) provides analytics support to various group businesses and functions. Typical deliverables include data analysis, providing analytics insights, model development, validation, calibration, strategy development, monitoring and reporting, information management and business intelligence. The deliverables form the basis for strategic planning by the senior management for businesses and enables effective decision making to satisfy business needs and requirements along with addressing unforeseen challenges. The GAC GRA team is an arm of the Group GRA Team supporting the latter with its overall commitments to global businesses and to the regulators.
This role will be responsible for supporting the portfolio analytics and data based decision making across the commercial banking portfolios within the group. This would include analytics support towards portfolio credit risk management with primary contribution focus towards global roll out of the IFRS9 Impairment calculation methodology framework for Group.
This role reports into the VP for GAC GRA Wholesale Analytics.

Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures
Impact on the Business

Help in designing and implementing the various Group frameworks in GAC related to IFRS9 model parameters and finally help in deploying these into various regions .
Manage overall project pipelines from GAC and provide best in class solutions to Group on the above analytical problem. A hand on analytical deep dive into the process and designing solutions is must requirement for the role.
Innovate, Drive standardization across regions by owning and delivering various Portfolio analytics Global standard solutions out of GAC mainly in the IFRS9 analytics domain.
Lead and analyze various model parameters for sensitivity, provide robust estimates and do proper pre-implementation testing of these IFRS9 model parameters before deploying them for IFRS9 Impairment calculation.
Manage the IFRS9 Impairment methodology to achieve the global objectives of RRA-WCMR (includes hands on delivery, resource allocation, manage project pipeline and update management on progress)


Successful completion and implementation of the respective IFRS9 model parameters in the system.

Measure: Internal and external stakeholder feedback
Customers / Stakeholders

Group and Regional stakeholders in GRA space covering:-
Lead AVP and Head of GAC GRA Analytics
Head of Group Wholesale analytics - GRA
Group project lead for IFRS9 and/or Stress testing
GRA Portfolio & Decision Analytics Team
Regional GRA stakeholders for Wholesale
Timely and appropriate update to stakeholders on project progress.

Measure: Internal and external stakeholder feedback
Leadership & Teamwork

Needs to mentor junior members of the team functionally
Accountable to the Team lead, Portfolio Analytics & EC, and Head of Wholesale Analytics, GRA
Maintain strong working relationships with multiple stakeholders including Group and regions depending on the priority
Drive quality outputs and design solutions to analytical problem ( IFRS9) from GAC and create capability
Promote collaboration with Group and Regional teams to achieve business objectives
Create capability and independent project leadership abilities in GAC

Target: Engage workforce to maximize
contribution and commitment

Measure: Internal and external stakeholder feedback

Operational Effectiveness & Control

Working as per GRA TOM and GAC Operational requirements, internal control and FIM.
Areas to focus on:- data security, compliance, adherence to minimum standards of model development etc.
Target: Adhere to all guidelines and requirements

Measure: NIL audit finding

Major Challenges (The challenges inherent in the role that require a continual test of the role holders abilities)


The key risks/dependencies:
Inadequate business information sitting off-shore and data complexities
Unstructured business problem and frequent changes in scope
Frequent ad-hoc queries with quick turnaround time
Building consistent standards across Model development, Portfolio Risk Management across countries
The objective is to develop a consistent framework to assess the risk of any commercial banking portfolio across the group, monitor the performance of the portfolio, and identify risk within the portfolio.
Management of Risk(Operational Risk / FIM requirements)
The jobholder will continually reassess the risks associated with the role and business area, taking account of changing economic and market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring, and the impact of new technology. This will be achieved by all actions take account of the likelihood of risk occurring and addressing any areas of concern with the appropriate persons and/or departments.
Observation of Internal Controls(Compliance Policy / FIM requirements)
Maintains internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Company Description

BLACK TURTLE is a premier talent management consultancy firm. The Indian arm was established... in the year 2000. Since then the unit has grown manifold and is ranked among the Top 10 across various services and functions.

BLACK TURTLE offers a wide range of services spread across various industries and functions. These services range from executive recruitment to consultancy in devising HR policies to attract and retain the best talent. It includes servicing niche recruitment needs to RPO. We offer multiple solutions under one roof.
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Additional Information

Last updated:
21/08/2017
Job type:
Full time
Position type:
Permanent
Vacancies:
1
Minimum experience:
Between five and ten years
Education:
Compulsory Education
Category:
Jobs in Consulting / Strategy / Corporate Planning
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