IRRBB and ALM Model Recovery Director

The mandate

The Interim Director will recover interest-rate-risk and asset-liability modelling where behavioural assumptions, scenario outputs and decision reports no longer reconcile through an adequately controlled chain. The nine-month assignment begins with a live-cycle diagnostic and ends when an internal leader can run assumption governance and explain risk movement independently. It does not set balance-sheet strategy or risk appetite.

During the opening three weeks, the Director will trace contractual cash flows, behavioural transformations, curve construction, scenario application and measure aggregation for selected populations. Authority includes holding unsupported assumption changes, demanding reconciliations, assigning recovery owners and escalating unreliable risk output. Methodology and limit decisions above delegation remain with existing governance.

Core scrutiny covers non-maturity deposit behaviour, prepayment, early redemption, pipeline treatment, optionality, basis risk, replication, discounting and the relationship between earnings and economic-value measures. An apparent model issue must be separated from data mapping, treasury position, policy definition and reporting defects before corrective work begins.

By month four, critical assumptions and inputs should operate under versioned approval, and risk movement should decompose into position, market, behavioural and methodology effects. Two monthly cycles plus one stress exercise will provide proof. The nominated successor must chair an assumption challenge, resolve a seeded mapping fault and present limit implications to the designated committee.

Handover is accepted only after the successor passes that practical test and the Group Treasurer approves the model map, limitation register, scenario control, movement bridge and open-risk schedule. Strategic positioning, product decisions, infrastructure replacement, independent validation and permanent recruitment sit outside scope.

What you will own

• Trace contractual positions through behavioural assumptions, repricing buckets, curve logic, scenarios and aggregate risk measures.
• Govern assumption changes with evidence, version, quantitative effect, approver, effective date and monitoring trigger.
• Reconcile earnings and economic-value movements to market, position, behaviour and methodology causes.
• Test optionality, basis and stress outcomes for non-linearity, concentration and vulnerability hidden by aggregate measures.
• Introduce escalation thresholds for stale inputs, unstable assumptions, unexplained movement and limit uncertainty.
• Complete two stable monthly cycles and one stress exercise without unresolved critical control defects.
• Prepare a successor through shadow, reverse-shadow and committee presentation of a designed exception.
• Document longer-term model or infrastructure recommendations without absorbing them into recovery delivery.

Candidate qualifications

• Demonstrate interim recovery of IRRBB or ALM analytics under a fixed governance timetable.
• Describe a behavioural assumption whose apparent deterioration was actually caused by data or position mapping.
• Show quantitative command of non-maturity deposits, prepayment, optionality, basis and multiple risk perspectives.
• Evidence a movement bridge that altered a risk or treasury decision by making drivers visible.
• Provide an example of rejecting an unsupported assumption update despite pressure for a lower reported exposure.
• Explain how you distinguished model recovery from independent validation and balance-sheet strategy.
• Show a successor successfully handling a live or seeded exception before your departure.

Working terms and boundaries

• The nine-month appointment runs five days weekly and covers diagnosis, remediation, three proof events and transfer.
• The day rate includes on-site governance and normal reporting intensity; exceptional travel requires approval.
• The Interim Director can control evidence and recovery sequencing but cannot set strategy, appetite or reserved limits.
• Independent validation, infrastructure replacement, product decisions and permanent hiring are excluded.
• A two-month extension requires an incomplete successor-led stress and limit cycle documented against acceptance criteria.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 10 October 2026. Mandate reference QNT-INT-2026-FRA-06.