Description:
MAIN PURPOSE OF THE JOB
Manages the independent review and validation of the models that mitigate the credit risk covering calculation pricing, credit assessment and impairments within the company.
KEY PERFORMANCE AREAS
Designs and manages the Governance process of the independent review and validation of the company pricing, IRB credit and IFRS 9 / impairment models
Designs an effective, systematic, disciplined approach to evaluate and improve processes and procedures for the validation of key the company pricing, IRB credit and IFRS 9 / impairment models. Designs, manages and updates the Model Governance Framework and related policies in relation to pricing, IRB credit and IFRS 9 impairment models. Gives input and advise on the development, implementation, use and improvement of the bank’s pricing, IRB credit and IFRS 9 impairment models through a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
Manages the implementation of a robust model governance framework and contributes to the promotion of effective model development, implementation and use in the bank.
Ensures that all the company pricing, IRB credit and IFRS 9 impairment models conform to relevant international and domestic regulations (regulatory requirements) and legislation. Manages and provides oversight over the implementation and monitoring of a model risk and control assessment (RCA) matrix including managing the resolution of risk issues. Liaise and assists the company management on areas that require improvement in internal controls and the related regulatory environment by considering business objectives in the associated economic environment. Provides regular feedback to the company management on validation findings that require special management attentionManages the validation of the implementation and use of the company models across the business
Reviews the pricing, IRB credit and IFRS 9 impairment model development methodology to adhere to international and regulatory standards Performs quantitative tests and qualitative assessments of the pricing, IRB credit and IFRS 9 impairment model and oversees the governance of subjective qualitative input from all stakeholders in the model building phase. Presents findings of validation work through formal validation reports that ensure use by the business of model outputs in client acquisition, client assessment, client pricing, impairments calculation, restructures, collections and legal liquidations.Develops, implements and executes an integrated model validation plan that takes into account business strategies and the related risks to enable delivery of business goals.
14 Mar 2025;
from:
gumtree.co.za