Manager, IFRS 9 & IFRS 16 Delivery & Client Support

  • CEO Summit Consulting Ltd
  • Bachelors in

Manager, IFRS 9 & IFRS 16 Delivery & Client Support

Reports to: CEO Summit Consulting Ltd

Salary Range

Very attractive, negotiable

Deadline

Open

Contract Type

Permanent

About the JoB

Job summary

The key focus for this role will be on IFRS9 Impairment requirements on the provision numbers for over 10 of our current bank clients; as well as IFRS 16 and IFRS 17 service delivery, among other roles of implementing new standards. You will be focusing on regional level (the EAC). You will work across business lines and geographies. You will also have a crucial part in the different proposed methodological options that are being considered for the IFRS 9 Impairment requirements as well as IFRS 16.

JOB PURPOSE

This is a fantastic opportunity for an established IFRS 9 subject matter expert to apply their knowledge at this leading consulting firm in Uganda in the areas of custom client solutions in business modelling and IFRS implementation support. Our clients have market leading positions across several African geographies and are able to offer the successful candidate a highly rewarding career challenge. Due to the unique nature of this requirement, we are willing to look at candidates on a regional basis.

KEY RESPONSIBILITIES

1) Develop a balanced approach to assess the impact of IFRS 9 Impairment requirements on our clients as well as offer on-going support

2) Implement the provision impact methodology including data gathering process and quantitative approach

3) Develop and implement an impact assessment analysis structure including specific sub-portfolio impact assessment (business lines, geographies).

4) Assess the volatility of IFRS 9 Impairment methodological options and communicate results with the methodology teams

5) Assess country specific methodological requirements for IFRS 9 Impairment program. Support countries in the delivery of their methodology with special focus on Kenya and Uganda; by understanding central bank regulatory requirements to ease compliance for client banks

4) Management of a small team of individuals (4 staff initially) in the delivery of the responsibilities as well as management of key stakeholders in the delivery of the assessment and communication of the results to senior management

5) Develop a communication program linked to the Financial Impact assessment

6) Provide on-going support to specific clients to help them comply fully with all requirements of the regulators as and well they are issued so as to keep the clients fully compliant

7) Make presentations to clients

8) Work closely with the summit business intelligence and data analytics team to guide on developing custom models that speak to the clients business for swift compliance

9) Publish on-going position papers, blog articles and IFRS briefs to provide to clients to keep them up to date with new changes in the standards

10) Publish the annual state of IFRS compliance in Uganda following an annual survey of all clients; including making clear recommendations on how to improve the compliance by financial institutions

11) Be a champion of all IFRS standards specifically IFRS9, 16, 17 and other new ones

technical competences

  1. Post graduate degree in Finance, Accounting or risk management
  2. Very good understanding of IFRS 9 Impairment requirements and PD,LGD, EAD models concepts; as well as IFRS 16, IFRS 17 and other new standards
  3. Experience in project delivery
  4. Very good understanding of wholesale banking products and familiarity with retail banking products
  5. Strong analytical and conceptualisation skills, with a view to adopting or establishing industry best practices; prior participation in risk-related FIA initiatives would be an added advantage
  6. Strong inter-personal and communication skills to work effectively with stakeholders from different functions; comfortable in building relationships at various levels and across geographies
  7. Self-motivated person with a high level of drive, dedication and desire to excel consistently
  8. Focused and organised, with ability to prioritise and deliver effectively
  9. Strong understanding of MS Excel and Power Pivot; as well as modelling skills

KEY PERFORMANCE AREAS

1) Develop a balanced approach to assess the impact of IFRS 9 Impairment requirements on our clients as well as offer on-going support

2) Implement the provision impact methodology including data gathering process and quantitative approach

3) Develop and implement an impact assessment analysis structure including specific sub-portfolio impact assessment (business lines, geographies).

4) Assess the volatility of IFRS 9 Impairment methodological options and communicate results with the methodology teams

5) Assess country specific methodological requirements for IFRS 9 Impairment program. Support countries in the delivery of their methodology with special focus on Kenya and Uganda; by understanding central bank regulatory requirements to ease compliance for client banks

QUALIFICATIONS

  1. Passed O level – less than 17 points
  2. Passed A level – more than 15 points
  3. Passed University – 2nd class upper and above

Additional Information

We have a passion for helping the people we work with. This passion to help continues in our alumni, who remain connected and loyal to our firm and its people. Those who join Summit Consulting Ltd join people bound by a shared set of values and a culture of support, caring, trust, respect, and interdependence.

About the summit consulting limited

We provide organizational Toolkits and Educative Workshops to stop revenue leakages, Sell more, Raise employee morale and transform your organization by helping you identify and remove the corporate ‘fat’. Corporate fat like lack of staff morale, bloated payroll, frauds and poor strategy execution lead to inefficiency and stagnating growth.

Established in 2007, we are one of the oldest local consulting firms with a regional clientele base. We are compliant with all laws and regulations and are a trusted advisor to some of the top clients in the region including MTN, Government of Uganda and Stanbic bank among others. All our solutions revolve around a simple idea: improving the client’s condition.

When you join Summit Consulting Ltd team, your career with transform in ways you never knew even possible by offering your lots of growth opportunities for a life time fulfillment.

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