IFRS 9 Manager Jobs 2026 AFFCO Karachi
AFFCO
Posted Jun 22, 2026
About the Job
A. F. Ferguson & Co. (AFFCO) is one of Pakistan's most established professional services firms, founded in 1952 with roots tracing back to 1893. As a member firm of PwC (PricewaterhouseCoopers), the world's largest professional services network, AFFCO provides audit and accounting, tax advisory, management consulting, IT consulting, financial advisory, and business process outsourcing services. The firm operates from offices in Karachi, Lahore, and Islamabad, and serves blue-chip companies, financial institutions, and multinationals across Pakistan.
AFFCO is looking for a Manager – IFRS 9 based in Karachi. As Manager – IFRS 9, you will be responsible for managing the production, development, and enhancement of IFRS 9 Expected Credit Loss models, ensuring regulatory compliance, and providing analytical insight to senior management on credit loss calculations.
Job Details
| Organization | AFFCO |
| Position | Manager – IFRS 9 |
| Location | Karachi |
| Salary | Market Competitive |
| Education | ACA, ACCA, ACMA, or Masters/Bachelor's degree (16 years) in Business Administration, Actuarial Sciences, Data Science, or Economics from HEC recognized institution |
| Experience | Minimum 3 years post-qualification experience in financial risk modeling with IFRS 9 |
| Age Limit | Maximum 40 years (as of the last date of submission of application) |
| Last Date | 5th July 2026 |
| Apply | https://www.affco.com.pk/recruitment |
Roles and Responsibilities
- Manage and implement the ongoing monthly, quarterly, semi-annually and annual production of IFRS 9 expected credit losses using existing models
- Provide insight and analytical commentary to allow senior management to make complex considerations and a high level of management judgment on the expected credit loss calculations through regular monitoring and reporting
- Develop and enhance the IFRS 9 ECL models i.e. PD, LGD and EAD models of second-generation IFRS 9 models, including recalibration of PD, LGD, macroeconomic scenarios, and interest rates
- Enhance the IFRS 9 model monitoring and management information that allows senior management to understand new and potentially more complex products and investment in future
- Ensure the relevant accounts movements, reconciliations, reports, annual report and accounting entries are produced in line with IFRS 9 and financial reporting timelines
- Ensure compliance of all regulatory requirements related to IFRS 9
- Prepare all regulatory reporting like Stress Testing, Capital Adequacy Ratio, Liquidity Coverage Ratio, Net Stable Funding Ratio, etc.
- Provide training to Risk team and other officers related to IFRS 9 and other risk related activities
Required Qualification and Experience
- ACA, ACCA, ACMA, or Masters/Bachelor's degree (16 years of equivalent education) in Business Administration, Actuarial Sciences, Data Science, or Economics from HEC recognized institution
- Minimum 3 years of post-qualification relevant experience and demonstrated proficiency in financial risk modeling specifically with IFRS 9
- Significant experience in IFRS 9 implementation and reporting
- Understanding of IFRS 9 concepts like PD, LGD, EAD, FVTPL, FVOCI, Classification of Financial Assets, measurement and roll rate model
- Age: Maximum 40 years as of the last date of submission of application
Key Competencies
- Hands-on with Advanced Excel, Power BI, VBA, C++, SPSS/SAS, and other programming skills with experience in working with large datasets
- Compliance of all regulatory requirements related to IFRS 9
- IFRS 9 model building and documentation skills within a Retail/Commercial or Corporate bank
- Experience in undertaking linear and nonlinear regression analysis and historical vintage analysis
How to Apply
- Apply online through AFFCO's official careers portal: https://www.affco.com.pk/recruitment
- Last date: 5th July 2026
How to Prepare for This Role
The Manager – IFRS 9 role at AFFCO is a specialized financial risk position requiring deep technical expertise in expected credit loss modeling and regulatory reporting. The interview panel will assess your hands-on IFRS 9 experience, your understanding of ECL models, your ability to produce regulatory reports, and your technical proficiency with data tools. The guide below covers the four areas most likely to determine your selection.
The core of this role is developing, enhancing, and running IFRS 9 Expected Credit Loss models. The panel will assess your working knowledge of PD (Probability of Default), LGD (Loss Given Default), and EAD (Exposure at Default) models. Be ready to discuss: how you have built or recalibrated second-generation IFRS 9 ECL models, how you have incorporated macroeconomic scenarios and interest rate assumptions into ECL calculations, and your familiarity with FVTPL, FVOCI, Classification of Financial Assets, measurement approaches, and roll rate models. Prepare specific examples of ECL model work you have led or contributed to, including recalibration exercises and model monitoring.
The ad explicitly mentions second-generation IFRS 9 models. Be ready to explain the difference between first and second-generation ECL models and what enhancements or complexities second-generation models introduce in terms of segmentation, staging criteria, and forward-looking information. Candidates who can speak to this distinction at a technical level will stand out.
This role requires preparing regulatory reports including Stress Testing, Capital Adequacy Ratio, Liquidity Coverage Ratio, and Net Stable Funding Ratio. The panel will assess your experience producing these reports accurately and on time. Be ready to discuss: which regulatory reports you have prepared in previous roles, how you ensured accuracy and compliance with regulatory timelines, and how you managed accounts movements, reconciliations, and accounting entries in line with IFRS 9 and financial reporting requirements. Knowledge of SBP regulatory reporting requirements is directly relevant.
The role involves both monthly production runs and periodic reporting cycles (quarterly, semi-annual, annual). Be ready to describe how you have managed competing reporting deadlines across multiple cycles simultaneously, and how you have maintained data quality and reconciliation discipline under tight timelines.
Key competencies explicitly list Advanced Excel, Power BI, VBA, C++, SPSS/SAS, and experience with large datasets. The panel will assess your technical depth across these tools. Be ready to discuss: how you have used VBA or C++ to automate ECL model runs or reporting workflows, how you have used Power BI to present model outputs or management information, and your experience with linear and nonlinear regression analysis and historical vintage analysis. Vintage analysis is specifically listed and is a common method used for PD and LGD estimation — prepare to discuss your methodology.
IFRS 9 model building experience within a Retail, Commercial, or Corporate bank is explicitly listed as a key competency. If your experience is from a bank, highlight the portfolio type (retail loans, corporate credit, trade finance, etc.) and the model approach used. If your experience is from a non-bank financial institution, map your experience to the banking equivalents and explain how your skills transfer.
This role requires providing analytical commentary to senior management on ECL calculations and training the Risk team on IFRS 9 concepts. The panel will assess your ability to translate complex model outputs into management-level insight. Be ready to discuss: how you have presented ECL results and model changes to senior management or a risk committee, how you have explained complex IFRS 9 concepts to non-specialist audiences, and examples of training sessions or briefings you have delivered on IFRS 9. Apply through the AFFCO recruitment portal at https://www.affco.com.pk/recruitment before 5th July 2026.
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