Unit Head - IFRS 9 & Fair Valuations (AVP / VP) - TJ / 1903596

National Bank of Pakistan, one of the largest and most prominent financial institutions in the country, is seeking a highly skilled and experienced professional for the position of Unit Head - IFRS 9 & Fair Valuations (AVP / VP) based in Karachi. The Bank is committed to supporting the nation’s financial well-being and driving sustainable growth through its extensive local and international branch network. This role is integral to the Bank’s strategy of becoming a future-ready, agile, and sustainable institution. The successful candidate will join the Financial Control team and contribute to the accurate implementation and management of IFRS 9 standards and fair valuation processes.

Key Responsibilities

- Manage and oversee the monthly, quarterly, semi-annual, and annual production of IFRS 9 Expected Credit Loss (ECL) calculations using approved models.
- Provide detailed insights and analytical commentary to senior management to facilitate informed decision-making and appropriate management judgment related to ECL calculations.
- Develop and enhance IFRS 9 ECL models, including Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models, along with recalibration of macroeconomic scenarios, interest rates, and other model parameters.
- Improve IFRS 9 model monitoring and management information systems to help senior management assess the impact of new and complex financial products and investments.
- Ensure accurate preparation of account movements, reconciliations, reports, annual disclosures, and accounting entries in compliance with IFRS 9 and relevant financial reporting standards.
- Maintain compliance with all regulatory and reporting requirements related to IFRS 9.
- Provide training and technical guidance to Risk team members and other relevant personnel on IFRS 9 and associated risk management activities.
- Perform additional assignments as directed by supervisors.

Required Qualifications

- Minimum graduation or equivalent degree from a university or institute recognized by the Higher Education Commission (HEC) of Pakistan.
- Bachelor’s or Master’s degree in Statistics, Mathematics, Actuarial Sciences, Computational Finance, Data Sciences, or other relevant professional qualifications.
- At least six years of experience in financial reporting and/or risk management within a financial institution, audit firm, or related environment, including a minimum of two years specifically focused on IFRS 9 assignments and reporting.
- Strong data mining and analytical skills with the ability to handle large datasets and interpret data trends effectively.
- In-depth understanding of credit risk concepts such as Exposure at Default, Probability of Default, Loss Given Default, and Expected Credit Loss calculation methodologies.
- Proficiency in open-source programming and data analysis tools including Python, Power BI, SQL, and Microsoft Excel.
- Excellent communication skills with a keen eye for detail and high accuracy.

Preferred Qualifications and Benefits

The position offers a contractual employment tenure of three years, with the possibility of renewal at the discretion of management. Compensation and benefits will be provided in accordance with the Bank’s policies and rules. The role provides an opportunity to work in a dynamic environment that values professional growth and contribution to national economic development.

The place of posting for this role is Karachi. Only candidates who meet the specified eligibility criteria will be shortlisted for panel interviews. National Bank of Pakistan is an equal opportunity employer and encourages applications from all qualified individuals, regardless of gender, religion, or disability.

Applications must be submitted within 10 working days from the job posting date. Late applications will not be considered. Please note that no travel allowance or daily allowance will be provided for interview attendance.