Job Title: Senior Associate II FRM
Function: Accounting Advisory Services (AAS)
>> Role Summary
KPMG s Accounting Advisory Services is a practice of professionals with deep expertise in accounting and financial reporting. We work with clients to help them achieve compliance, advising on how they might organize or improve their financial reporting processes and helping ensure that accounting operations match the objectives of the business. With a large client base and a dedicated resource pool, AAS has emerged as the leading provider of accounting advisory services in the UAE.
AAS professionals are heavily involved in advisory projects on the adoption of new accounting standards like IFRS 9, IFRS 15 and IFRS 16. We are also advising many of our clients during mergers and acquisitions as well as IPOs. Our professionals work very closely with CFOs in achieving their goals.
The current role sits within our AAS team and will specialize in compliance with IFRS 9. The professional would be expected to guide our clients through different accounting and regulatory guidance on IFRS 9 in a pragmatic way. They would also have to collate large amounts of data and conduct predictive analysis to create credit risk models that meet the requirements of IFRS 9. Underlying focus should also be on driving good business outcomes to manage risk and economic capital, ensure compliance and provide information for smarter decision-making.
The key requirement for the role is the ability to work with data, understand credit risk, undertake analysis to accomplish project objectives and present the results in a coherent manner. The individual should possess the ability to work in teams and display a proactive learning attitude.
>> ROLes and responsibilities
Assist the team in developing Impairment, Probability of Default, Exposure at Default and Loss Given Default models required for IFRS 9 impairment framework and the calculation Regulatory Capital.
Identify and use cutting edge techniques to develop best in class decision tools.
Share and seek out best practice across the modelling areas to develop self and to support the creation of a world class team.
Participate in decision making and aim to build efficiency in the delivery of assignments
Help to communicate the results of the models developed or other analytics to business owners; help to drive business actions based on the results.
Provide business with insights and recommendations in order to improve strategy and process.
Be pro-active in identifying and analysing the value of incremental information sources.
Flexible to travel to client locations
Participate in making proposals, white paper and other initiatives taken in the team
Proficient in formulating analytical methodology, identifying trends and patterns with data
Good understanding of Econometric models tools and techniques used in Risk Management - including, but not limited to - Regression models (Linear, Logistic, GAM, etc.), Segmentation (Cluster Analysis, CHAID/CART/Decision Trees, etc.), Time Series Analysis, Markov Models, Component Hazard Models
Good understanding of loss forecasting methodologies
Tools & Platforms:
Proficient in SAS, R, SQL, VBA or Python
Proficient in reporting tools like Tableau, Qlikview and other similar platforms
Proficient in MS Excel and PowerPoint
Good understanding of customer lifecycle management within the financial services sector
Good understanding of BASEL and IFRS 9 guidelines
Thorough understanding of PD, EAD & LGD model development and validation process
Excellent communication and interpersonal skills
Excellent relationship management skills
Working within ambiguity
Act as a change leader
Bachelor s/Master s level degree in a quantitative field, viz., Mathematics, Statistics, Management Science or Engineering
3+ years analytical experience preferably in model building, monitoring, or validation for lending portfolios, ideally PD, EAD and LGD experience
Certifications like FRM, CFA will be an added advantage