KasiKorn Bank —
IFRS 9 Model Implementation
& MRM Solution
Umair Ahmed led the implementation of an IFRS 9 Model Risk Governance solution at KasiKorn Bank, one of Thailand’s leading commercial banks. The engagement covered the full delivery lifecycle — from business requirements and functional design through to regulatory advisory and the configuration of custom governance workflows within the SAS MRM platform. Umair Ahmed led the project as the primary client-facing lead, bringing together model governance expertise and hands-on implementation delivery.
KasiKorn Bank required a robust governance framework and supporting technology platform to manage its IFRS 9 models — covering expected credit loss (ECL) calculations and related risk models subject to both regulatory scrutiny and internal oversight. The SAS MRM platform was selected as the solution foundation. Umair Ahmed lead the implementation, providing both governance advisory and technical delivery and training across the project.
- Facilitated requirement workshops with model owners, risk managers, and the model governance team
- Documented current-state IFRS 9 model workflows, validation processes, and approval chains
- Developed detailed business requirements covering both regulatory models and internal governance expectations
- Produced functional design specifications mapping requirements to SAS MRM platform capabilities
- Advised the model governance team on IFRS 9 regulatory requirements and their implications for model risk management
- Provided guidance on standard model development processes — from data preparation and methodology through to validation and approval
- Recommended governance structures aligned to both IFRS 9 obligations and the bank’s internal risk appetite
- Supported alignment between the model governance function and risk, finance, and technology stakeholders
- Designed custom governance workflows tailored specifically to IFRS 9 model requirements and KasiKorn Bank’s internal governance structure
- Configured SAS MRM to support the full model lifecycle — registration, development review, validation, approval, and ongoing monitoring
- Built workflow logic to accommodate the distinct governance tracks required for ECL models and other IFRS 9-related models
- Led the implementation team through configuration, testing, and iterative refinement to ensure the platform matched agreed functional design
- Custom IFRS 9 governance workflows successfully implemented within the SAS MRM platform
- Bank’s model governance team equipped with a structured, regulatory-aligned process for managing IFRS 9 models end-to-end
- Clear separation and governance tracks established for ECL models and related risk models
- Functional design documentation produced, providing a durable reference for future platform development and audit purposes
- Governance processes aligned to both IFRS 9 regulatory standards and KasiKorn Bank’s internal model risk framework
Umair Ahmed led the engagement as the primary delivery lead, combining regulatory knowledge of IFRS 9 with deep expertise in SAS MRM implementation. His role spanned the full project scope — facilitating requirements workshops, advising on governance design, directing the implementation team, and ensuring the final solution was both technically sound and aligned to the bank’s regulatory obligations.
The engagement reflects Asteriqx’s core capability: translating complex regulatory and governance requirements into practical, working technology solutions — built around the specific operating context of each client.
The project delivered a purpose-built IFRS 9 model governance platform that gives KasiKorn Bank full lifecycle oversight of its credit risk models — with workflows, controls, and documentation built to meet both regulatory expectations and the bank’s own governance standards.