Senior Project Manager - IFRS 9

Job description / Role

The Senior Project Manager - IFRS 9 in Riyadh, Saudi Arabia, will be responsible to lead the IFRS 9 implementation project in the bank through a detailed understanding of IFRS 9 requirements and their implications. The role includes the implementation of presentation and measurement requirements for financial instruments under IFRS 9 and coordinating the impairment work stream with the Risk project manager.

The Senior Project Manager - IFRS 9 will be responsible for the following:
* Work closely with the IFRS 9 project team and internal stakeholders (Finance and Risk) to achieve successful implementation for the bank within defined timelines
* Identify specific local interpretation or requirements especially for Islamic projects that might deviate or be in addition to IFRS 9 Group/MENA approach
* Conduct monthly IFRS 9 steering committee meeting and ensure project plan and related packs are updated and circulated.
* Conduct monthly IFRS 9 working group meetings and ensure that all high risk issues are promptly identified and escalated to steering committee where necessary.
* Work closely with Risk project manager to understand the progress of impairment work stream and compile progress update for IFRS 9 steering committee
* Be part of the SAMA IFRS 9 working group and ensure all queries and reporting requirements posed by the local regulatory authorities are adequately addressed with satisfactory responses
* Provide guidance and communication on IFRS 9 project implementation progress for the bank
* Be the point of contact for Finance for IFRS 9 related queries and manage impairment related queries through the Risk project manager
* Compile business models for Global markets, Global banking, Retail and Wealth management, Commercial banking and Islamic banking as required under IFRS 9
* Perform SPPI test for Bank's products to ensure correct classification in line with business model requirements.
* Champion the awareness of IFRS 9 in respective product areas

Job Offer:
Competitive offer

Requirements

* Strong understanding of IFRS including IFRS 9
* Member of recognised institute of professional accountants (ACA, ACCA, CPA etc)
* Project Management and business analysis experience

About the Company

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world.

The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas. In the Middle East we focus on the areas of:

Finance & Accounting Banking & Financial Services Procurement Property & Construction Engineering & Supply Chain Oil & Gas Technical and Engineering Human Resources Sales Marketing Technology Secretarial Executive Search Legal

The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.