Auditor - Model Risk - 12 month Fixed Term Contract

TSB Bank; City of Edinburgh; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading banking institution is seeking an Internal Auditor to deliver audits ensuring quality and compliance. The ideal candidate will have a strong background in data analysis, regulatory knowledge, and risk management. Collaboration and critical thinking are essential in this role. The position offers hybrid working arrangements and a range of benefits aimed at supporting work/life balance.

Benefits

Hybrid and flexible working arrangements

Attractive rewards and benefits package

Collaborative working environment

Opportunities for career enrichment

Qualifications

• Ability to work comfortably with data analysis and statistics.
• Knowledge of regulatory requirements for model risk management.
• Experience in Audit or Risk Oversight is a plus.
• Strong verbal and written communication skills are essential.

Responsibilities

• Deliver audits to time, quality, and budget.
• Contribute to the development of the audit plan.
• Provide insights and add value during audits.

Skills

Data analysis

Regulatory requirements knowledge

Risk and controls knowledge

Critical thinking

Collaboration

Planning and organization

Communication skills

Agile project management

Tools

SAS

Job description

TSB

Function: Internal Audit
Location: Edinburgh/London/Gloucester - Hybrid working (min 1 day per week in office)
Salary: £Competitive plus excellent benefits
Closing Date: 23 November 2025

At TSB we're all here to give money confidence to our customers and communities. Wherever you work in TSB you can make a real difference to your career, our business, and the wider community.
TSB's Internal Audit team has around 50 people based across London, Edinburgh and Barnwood. Our primary role is to help the board and executive management to protect TSB's assets, reputation and sustainability. We do this by assessing whether significant risks have been identified and reported, providing a view on the design and operation of key controls and challenging management to improve the effectiveness of governance, risk management and internal controls.

How you'll make a difference

The Auditor is responsible for working with the wider audit team to deliver audits to time, quality, and budget. You will grow your network, develop your understanding of the retail banking industry and its regulation, and gain recognition from your stakeholders for adding value and insight. You will make a difference in your role by contributing to the development of the audit plan, being innovative, and displaying accountable behaviours and values - you're collaborative and things happen because of you.

What you'll bring

• Ability to comfortably work with quantitative topics such as data analysis and statistics. Experience using SAS would be beneficial.
• Existing knowledge, or a willingness to learn about, regulatory requirements for model risk management, credit risk models (IRB and IFRS9), forecasting and stress testing models.
• Knowledge of risk and controls, and we would love it if this included experience of working within an Audit or Risk Oversight function.
• A critical thinker who can positively influence others to think differently.
• A collaborative team player with a growth mindset and an appetite to learn and develop.
• Strong planning and organisational skills, proven ability to deliver to timelines and experience with managing and delivering multiple tasks.
• The ability to communicate and build relationships with internal stakeholders during audit and non-audit interactions.
• Good verbal and written communication skills and experience of producing high quality outputs; excellent attention to detail.
• Experience of using Agile project management principles and ways of working would also be beneficial.

What we offer in return

• Hybrid and flexible working arrangements to support a healthy work/life balance.
• An attractive reward and benefits package through myTSB, giving you more of what matters to you.
• A diverse, energising, and collaborative working environment.
• A career that's enriching and full of opportunities.

So if this sounds up your street, come join our team, we make things happen!

We are TSB. Life Made More.

Inclusion matters at TSB. We want our colleagues to feel at home here, no matter their background. Diverse teams are what helps us deliver Money Confidence. For everyone. Every day.

Did our job advert catch your eye, but you don't meet all the requirements? Don't let that put you off, if you meet some of the requirements and have an open, curious mindset, we'd love to hear from you!

Remember TSB is a Disability Confident Leader which means you are entitled to be part of the selection process for a role if you meet the minimum criteria outlined in the job advert.