South Asian Association for Regional Cooperation (SAARC)
19-02-2022
Work Detail
Credit Risk Management Lead And Collateral Valuation Expert Supporting Financial Sector ReformsBanks Have A Dominant Presence In Bhutan S Credit Markets However Nonbanking Financial Institutions Like Insurance Companies Also Engage In Credit Activities Apart From Banks Credit Markets Have Been Recently Affected With A Surge In Nonperforming Loans Npl With Heightened Risks Due To The Pandemic Situation Significant Aspects Of The Credit Risk Eco System Like Credit Risk Management Collateral Valuation And Credit Rating Systems Require Strengthening To Ensure That Banks Emerge In The Post Pandemic Era With Better Asset Quality And Credit Underwriting Processes To This End Rma Had Developed A Comprehensive Npl Mitigation Program Which Includes A Npl Management Strategy Completed With The Assistance Of Adb Which Consists Of Several Recommendations These Will Encompass Improving Credit Risk Management Of The Financial System Including Credit Rating System Credit Scoring And Development Of An Early Warning System Ews For Corporate Loans And Behavior Scoring For Loan Monitoring During This Assignment The Lead Expert Is Expected To Coordinate Activities With The Valuation Expert And Develop Capacity Building Programs To Officers As Designated By Rma And Financial Institutions On Credit Monitoring Examination Credit Rating Model And Ews Validation The Credit Rating Model Support Expert Work Under The Lead Expert And Assist Him Her In Meeting The Key Deliverables Under The Lead Expert The Assignment Will Include Accurate Computation Of Expected Credit Loss Ecl Aligning Ews And International Financial Reporting Standards Ifrs 9 In Relation To Credit Losses
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