Channel 1 Audit Valuation Support - ECL

1 - 3 years

6 - 10 Lacs

Posted:2 weeks ago| Platform: Naukri logo

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Full Time

Job Description


At EY, youll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And were counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.  Senior or Assistant Manager Expected Credit Losses (ECL) Assurance Ch1 Audit Valuation Support  
Minimum 3 to 5 years of experience in credit risk evaluation with hands-on experience in performing Expected Credit Losses (ECL) modelling for financial reporting purposes in line with IFRS 9 & 13 accounting standards and worked within the credit risk/transaction advisory division of a Big-4 or Tier-1 audit/consulting/finance firm.  Your key responsibilities  
  • Review and analyse clients Expected Credit Losses (ECL) reports to ensure reasonableness, financial instrument classification, regulatory disclosures and that they comply with the relevant IFRS accounting standards.
  • Develop & maintain credit risk models of clients loan portfolio in terms of Monte Carlo simulation, stress testing & regression and evaluating credit exposures using PD/PFE, LGD & EAD.
  • Collaborate with audit teams, EY audit clients and external specialists to identify and resolve any issues or discrepancies during the ECL reviews.
  • Communicate effectively with clients, audit teams, and external valuation specialists to gather necessary information and discuss findings related to ECLs.
  • Provide recommendations for adjustments to ECLs as required to align with accounting standards (Strong comprehension of IFRS 9 and IFRS 13) and audit requirements.
  • Stay informed about changes in valuation techniques, market trends, and financial reporting standards that may impact ECL reviews.
  • Assist in development of training materials and best practice guides on ECL and related matters.
  • Mentor and support junior staff in developing their comprehension of ECLs, valuation techniques and financial reporting implications.
  • Draft high-quality engagement reports to represent comparative analysis & findings of ECL review.
  • Proficiency in programming languages such as Python & R and experience with data analysis using Bloomberg, Refinitiv & Capital IQ.
  • Managing and motivating teams of professionals with diverse skills and backgrounds and fostering a team-oriented environment.
  • Demonstrating in-depth technical capabilities and professional knowledge and use current technology and tools to innovate and enhance the effectiveness of services provided and act as a leader in adopting new tools and techniques.

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