Senior Business Analyst - ECL

Surya at a Glance Surya was founded in 1999 by Mr. D.N. Prahlad (an early employee of Infosys), to create software products. Headquartered in Bangalore, we also have offices in the USA, and France. Surya Financial Technologies Private Limited (Surya), has been leading the Financial Control & Risk Management solution space with 25+ years of experience in developing and implementing Risk Management and Balance Sheet Management Solutions at 75+ BFSI customers globally. Surya has invested heavily in the research & development in the ever-evolving Financial Risk landscape and has been at the forefront of providing solutions that not just meet the guidelines and requirements for today but also supporting the institutions with future ready investments. Surya, being a global player, has a strong clientele spreading across South Asia, Middle East, Africa and North America. In the span of 25+ years, Surya has addressed and successfully implemented Financial Risk Transformation projects, working with marquee clients with an Asset Base of USD 450 Bn+ to less than USD 500 Mn, across the spectrum of financial services industry. At Surya, we believe that high quality leads to high productivity. We offer the right balance of technical excellence in software engineering and deep knowledge of risk management. Our core values are focused on simplicity, superior functional architecture, advanced technology, quick deployment, and ease of maintenance. We ensure high levels of efficiency and lower total cost of ownership (TCO) for our clients. we understand that an organization’s risk and reporting requirements are growing more sophisticated every year with evolving and new regulations, expansion into new markets, and competitive pressures. Adopting Innovation in technology and coming up with world class solutions which can be deployed with ease has been the corner stone of Surya’s success globally.

Your Growth at Surya Suryaʼs growth is driven by ordinary people who have extraordinary dreams and are bold enough to pursue them. Our leadership team, including our Managing Director, is composed primarily of people who joined Surya as freshers. Through our process of continuous feedback, and regular 1-1 conversations, we believe in upskilling our team, and enabling each of them to grow along paths they find satisfying.

Job Summary He/She will be responsible for the product development, implementation, maintenance of Expected Credit Loss (ECL) provisions in accordance with IFRS 9 standards. This role requires a deep understanding of IFRS 9 requirements, financial modeling, and risk assessment. The ideal candidate will work closely with the product development team, implementation team, project management team, and senior management.

Key Responsibilities

• Product Design & Development:
• Lead the design and development of product features related to IFRS 9 ECL, PD, LGD, EIR and EAD.
• Collaborate with stakeholders to gather and analyze requirements specific to IFRS 9 and ECL calculations.
• Develop and implement product strategies to ensure compliance with IFRS 9 regulations.
• Stay updated on changes in IFRS 9 regulations and industry best practices.

2 . Solution Implementation And Maintenance

• Lead the deployment of IFRS 9 ECL solution for banking and financial institution clients, ensuring the software is tailored to meet their specific regulatory and reporting needs.
• Collaborate with clients to understand their existing processes and data infrastructure, customizing the product to integrate seamlessly with their systems and workflows.
• Oversee the configuration of the IFRS 9 ECL solution, including setting up data inputs, risk parameters, and model assumptions

3 . Client Training, Support And Documentation

• Provide comprehensive training to client teams on the use of the IFRS 9 ECL product, including functionality, model interpretation, and reporting features.
• Offer ongoing technical support to address any issues or questions that arise during the implementation phase and beyond.
• Develop and maintain documentation of models, assumptions, and methodologies used in ECL calculations.

Qualifications Education: MBA – Finance/Banking, PGDM-Finance/Banking, CA, bachelor’s degree in finance, Accounting, Economics, or a related field.

Experience: Minimum of 2-5 years of experience in IFRS 9 and ECL, financial reporting, credit risk, or a related field with a focus on IFRS9 - ECL.

Skills

• Strong understanding of IFRS 9 standards and ECL methodologies.
• Proficiency in financial modeling and data analysis. o Excellent analytical and problem-solving skills.
• Experience with relevant software and tools (e.g., Excel, SQL).
• Strong communication skills with the ability to present complex information clearly.
• Detail-oriented with strong organizational skills.

Additional Information

• Travel: On-Site travel during project phases, meetings or training sessions.
• Compensation: Competitive salary and benefits package based on experience and qualifications.