Impairment Analyst

Overview

Evaluate and assess the potential impairment of financial assets, ensuring the bank's financial statements accurately reflect the economic value of its assets. The role also manages a team responsible for the Governance and Control aspects of the Impairments FTC.

What you'll do

• Identify potential impairment triggers and analyse relevant financial and non-financial information to assess the potential for impairment of financial assets.
• Apply quantitative and qualitative impairment tests to determine whether an asset is considered impaired.
• Assess the impairment loss for an asset by identifying the right valuation method, assessing its fair value, and documenting the process.
• Calculate the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements.
• Manage the performance of impaired assets and reassess their impairment status on a regular basis.
• Lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• Embed a control functionality by building and leading the development of the output for the team.
• Escalate breaches of policies and procedures appropriately, and take responsibility for embedding new policies and procedures adopted due to risk mitigation.
• Manage risk and strengthen controls in relation to the work you own or contribute to.
• Act as contact point for stakeholders outside the immediate function and present complex or sensitive information.

What you'll need

• University degree (B.Tech / MBA / CA or equivalent).
• Strong analytical skills with a desire to learn in an evolving environment.
• Meticulous approach to data analysis and reporting.
• Proficient in Microsoft Excel with working knowledge of SAS and/or Python.
• Strong critical thinking and problem-solving ability to identify issues and develop solutions.
• Prior working experience in the Credit Risk domain.
• Basic knowledge of IFRS 9, stress testing, and basics of impairments.
• Clear and concise communication to present results of analyses up to the level of Director / MD.

Nice to have

• Coding skills in SAS and/or Python.
• Knowledge of Structured Query Language (SQL) and Tableau.
• Basic understanding of expected credit loss (impairments) calculation and International Financial Reporting Standards.
• Basic understanding of PD, LGD and EAD models.
• Initiative and curiosity to challenge current processes and develop effective alternative solutions.

Details

• Based out of Noida.