Sm Basel Reporting

2 weeks ago


Kuala Lumpur, Kuala Lumpur, Malaysia Ambition Full time

Job details:

Posted 15 August 2023

SalaryRM RM per month

LocationKuala Lumpur

Job type Permanent

DisciplineBanking & Financial Services

Reference266535_

Responsibilities:

  • Process and review monthly provisions accurately and completely in compliance with MFRS9 guidelines.
  • Provide provision numbers for internal management reporting, regulatory reporting, financial statements, and adhoc requests.
  • Continuously review and improve the provisioning process to ensure compliance with MFRS9 and identify areas for automation.
  • Support operations and production by providing necessary guidance and assistance.
  • Collaborate with the business to evaluate the impact of provision changes and assess cost/benefit options.
  • Work on the ECL Overlay, considering MFRS9 requirements and incorporating them into the provision calculations.
  • Identify and utilize appropriate data sources and input points for the MEP calculator in line with MFRS9 standards.
  • Coordinate with IT to establish data links, develop UAT scripts, conduct testing, and provide signoff.
  • Verify provision numbers generated by the MEP calculator and perform manual adjustments if needed.
  • Lead a team in working with the department and IT to automate gaps and improve efficiency in provision processes, ensuring MFRS9 compliance.

Job Requirements:

  • Strong knowledge of MFRS9 ECL (Expected Credit Loss) and familiarity with accounting principles and operations.
  • Proficient in Excel, including macro programming, and experienced in using SQL and SAS.
  • Understanding of Basel regulations and credit modeling would be an added advantage.

JTK Number
:
JTKSM 995
| Company Registration Number**: T)
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