Assistant Manager - Financial Accounting & Advisory Services

Job description / Role

Within Ernst & Young's Assurance service line, Financial Accounting Advisory Services (FAAS) professionals provide advisory services to a wide range of clients covering a very broad spectrum of services such as:

• GAAP conversion to IFRS/ IPSAS
• Accounting and financial policies and procedures
• Financial Statement Close Process (FSCP)
• Consolidations support
• Financial Reporting Design/ Key Performance Indicators (KPI) reporting
• Transaction accounting support/ Purchase Price Allocations
• Accounting processes support
• Finance function transformation
• Corporate Treasury
• Islamic finance and Shari’ah attestation
• Internal controls assessment
• Compliance risk framework
• Corporate governance

About the role

As Assistant Manager, you'll make a technical contribution to clients in a lead role in both financial and non- financial service sectors. Within your role, you'll actively establish, maintain and strengthen internal and external relationships, execute complex assurance procedures, supervise junior engagement team members and help define the audit strategy. Working under the supervision of an assurance manager and senior manager, you'll help execute our work and present its findings to the client.

With a clear focus on anticipating and identifying risks, you'll escalate issues as appropriate. Working closely with colleagues, you'll determine whether the work plan is properly executed, documented and concluded in compliance with our Quality & Risk Management (Q&RM) guidelines. As an influential member of the team, you'll help to create a positive learning culture, will coach and counsel junior team members and help them to develop.

Responsibilities:

• Lead modelling aspects of all IFRS 9 engagements setting objectives and managing delivery
• Support in designing and implementing the model management framework and model standards
• Production of PD, LGD and EAD models that comply with regulatory and IFRS9 requirements
• Engage with stakeholders to ensure consistency / clarity of definitions utilized for modelling e.g. definition of default etc.
• Develop credit risk stress testing approaches and support the development of the stress testing plan
• Ensure model documentation is up to date
• Identification of model strengths and weaknesses developing and deploying appropriate monitor to ensure model risk is
evaluated and managed
• Preparation of reporting pertaining to model adequacy and gaps
• Provide regular inputs into both Credit Committee and Model Management Committee on model performance and
coverage
• Engagement in risk projects that require modelling expertise e.g. IFRS 9, and Capital assessment
• Ensuring the modelling environment is secure, robust, and efficient
• Plan, priorities and effectively manage workload to meet objectives and stakeholder expectations
• Investigate and recommend new data sources to enhance credit risk modelling across the bank
• Challenge and review models outside of Group Credit Risk as required
• Support the development of effective risk frameworks across the Bank
• Use models to drive appropriate challenge to risk measures and to enable refinement of assumptions
• Support the delivery of education sessions to ensure senior stakeholders are kept informed of the models in use, their
purpose and any weaknesses
• Provide support to Finance in the production of financial statements including accounts and Pillar 3 disclosures
• Develop and maintain strong relationships with key stakeholders to ensure data and assumptions are valid, robust and accurate and to ensure that risk strategies and models are implemented successfully and add value
• Keep abreast of strategic changes within the business to ensure models remain valid and accurate
• Share knowledge and experience and collaborate with other members of the team. Actively assists manager and colleagues to transfer knowledge between teams. Be aware of and champion best practices within all aspects of credit risk modelling

Requirements

Technical skills requirements

• Strong academic record including a degree
• Five years of relevant work experience
• Familiarity with IFRS 9 risk modeling
• Credit loss model development experience
• SAS modeling experience
• Understanding of risk-based auditing and risk and control strategies
• Understanding of Q&RM procedures
• Compliance with and understanding of regulatory requirements
• Track record with a leading public practice firm
• Professional accountancy qualification or working towards gaining one
• Proficiency in Arabic language skills are highly desirable

Who we are

Assurance gives organizations and their investors the confidence that the results they report give a true and fair picture of their business. As an assurance professional at Ernst & Young, you'll work in a high-performing and inclusive environment that offers you great opportunities to develop an interesting and fulfilling career, wherever you are in the world. You'll work in multidisciplinary teams to handle complex issues and resolve challenges for leading companies. We'll support you in your professional development so you achieve your potential. At Ernst & Young, we know it's your point of view, energy and enthusiasm that make the difference.

About the Company

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available on our site.

The MENA practice of EY has been operating in the region since 1923. For over 95 years, we have grown to over 7,500 people united across 21 offices and 16 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region