Senior Manager, IFRS9 Modelling & Reporting at KCB Bank Kenya

The Position: 

The role holder will be responsible for leading a team that runs the models for KCBK and Group subsidiaries’ IFRS 9 Models, validate model assumptions for Probability of Default, LGD, cure rates, EAD etc and provide overall oversight over the model running.

Key Responsibilities:

• Lead a team that runs the models for KCBK and Group subsidiaries’ IFRS 9 Models
• Interpret data for the purpose of determining the root causes of past figures, financial, costing, and operational performance 
• Overall custodian of KCBK and Group subsidiaries’ IFRS 9 Models
• Validation, integrity, and completeness of the loans data before running models.
• Support IFRS 9 Technical committee and Early Alert Committee.
• Update model assumptions for Probability of Default, Cure Rates, Overlays for macroeconomic indicators
• Ensure proper application of Retail Overlay recovery rate and Digital Loans; Mobi and KCB Mpesa post write-off recovery.
• Offer support in External and Internal Audit engagement.
• Support IFRS 9 Technical committee and early alert committees with recommendations for model enhancement.
• Offer support in External and Internal Audit engagement with respect to IFRS9 model quality assurance, validation, and accuracy controls.
• Validate the IFRS 9 Listing for CBK returns.
• Support business processes to optimize capital allocation and processes to support business growth based on opportunities that arise from the models.
• Validate the Sensitivity analysis and projection reports.
• Provide effective insights and analysis to assist the Enterprise Business in meeting the established financial and profit objectives; Provide analytical support and analysis to the Business Performance Manager.

The Person:

For the above position, the successful applicant should have the following:

• A degree in Accounting, Finance, Economics, Statistics, Physics, Actuarial science, mathematics or related fields.
• 8 years’ experience in a Financial/ credit Reporting role, or general banking, or in an actuarial role, or Credit risk management.
• 1 year working experience handling large data sets for a bank ideally with Big 5 audit firms, or in a Finance function or Credit or in an actuary on a day-to-day basis in a top tier bank or supporting a top tier bank in Kenya.
• 1 year working knowledge of SQL scripting using any tools SQL developer, or any other applicable tools on a day-to-day basis.
• Clear understanding of Credit facilities offered by banks and their risk profiles.