Finance (MFRS Project)

Posted:
10/1/2024, 6:16:50 PM

Location(s):
Wilayah Persekutuan Kuala Lumpur, Malaysia ⋅ Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

If you are looking to excel and make a difference, take a closer look at us…

MFRS 9 Automation Project

  • To assist in monitoring relevant project milestone and implementation progress as planned at a quality and timely manner.
  • To assist in monitoring overall delivery and detailed project process for each stage across all working streams.
  • Active involvement in UAT.
  • To assist in MFRS 9 Models Development, Maintenance and Monitoring (e.g. MFRS 9 PD, LGD, EAD and other credit scorecards).
  • To assist in other project scopes (e.g. EIR processing, overseas branches).

MFRS 9 Documentation

  • To update and fine tune existing Board & Management Policies and Procedures (e.g SOP) related to MFRS 9 for all portfolios.
  • To revise and update ECL Calculation Specification Documentation.
  • To revise and update ECL Risk Parameters Calibration Specification Documentation.
  • To prepare documentation for all new automated processes as internal control and various internal & external reports in relation to MFRS 9.

MFRS 9 related Reporting

  • To execute end-to-end ECL calculations as support to superior/CFO for immediate reaction and simulations against changing MEVs or fine tuning of models.
  • To assist in monitoring the accuracy and timeliness of management information, reporting (i.e management reports and BNM submission) & analysis related to MFRS 9.
  • To be trained and serve as liaison (e.g. all credit teams as well as overseas subsidiaries/ branches), IT project team, external auditors and BNM.
  • To be trained and utilise analytical skills and communication skills, both written and verbal, to present all MFRS 9 -related reports in a precise manner to Senior Management, respective committee and BOARD meetings.

Compliance / Training

  • Adherence to the Bank’s policies & procedures in compliance with regulatory requirements & accounting standards), to minimise audit risk exposures.
  • To assist in overseeing the policy documents/ standards issued by BNM, financial reports, management reports, internal management & Board policies, external regulatory reports related to MFRS 9.
  • To keep abreast with the latest developments and challenges of MFRS 9 via seminars/ trainings (i.e. organised by MIA, project vendor, external consultant).
  • To assist in providing views & comments on exposure drafts with regards to MFRS 9.

Ad-hoc

  • To assist in conducting deep ECL analysis (by account level) and performance of models (i.e. PD/ LGD/ segmentation) with appropriately granular information on ECL and underlying assumptions across different asset classes.
  • To participate and assist in any ad hoc tasks and requests as directly assigned by superior/CFO.

About Hong Leong Bank

We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.

Realise your full potential at Hong Leong Bank by applying now.