AVP-Impariment

# **Job Description** **Purpose of the role** To evaluate and assess the potential impairment of financial assets, ensuring that the bank's financial statements accurately reflect the economic value of its assets. **Accountabilities** * Identification of potential impairment triggers, analysis of relevant financial and non-financial information to assess the potential for impairment of financial assets, and application of quantitative and qualitative impairment tests to determine whether an asset is considered impaired. * Assessment of the impairment loss for an asset by identification of the right valuation method, assessment of its fair value, and documentation of the process. * Calculation of the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements. * Management of the performance of impaired assets and reassessment of their impairment status on a regular basis. . **Assistant Vice President Expectations** * Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues. * Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda. * Take ownership for managing risk and strengthening controls in relation to the work done. * Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. * Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy. * Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively. * Communicate complex information. 'Complex' information could include sensitive information or informati