Senior Auditor, Model Risk SME (12 months)

www.findapprenticeship.service.gov.uk - Jobboard; London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A financial services company in London is seeking a Senior Auditor specializing in Model Risk. The role requires strong analytical and stakeholder management skills, with responsibilities including risk assessment, audit testing, and stakeholder engagement. Ideal candidates will have a background in audit or risk management and a deep understanding of model risk principles. This is a 12-month role with potential for extension or permanence.

Qualifications

• Audit or risk management experience required.
• Strong understanding of model risk management principles and best practices.
• Experience in credit models development or validation.

Responsibilities

• Provide quality assurance and influence improvement in control.
• Assess risks and controls and carry out testing.
• Engage with stakeholders to discuss business risks.
• Lead small audit engagements as needed.
• Coach other auditors in their roles.

Skills

Analytical skills

Stakeholder management skills

Communication skills

Attention to detail

Job description

Join us as a Senior Auditor, Model Risk SME

• If you have excellent analytical skills and a keen eye for detail, this could be your ideal role in our industry leading Audit function
• In this key role specialising in Model Risk, you’ll be contributing to independent audit engagement assurance by undertaking allocated tasks within the engagement life cycle
• This is a fast paced and varied role which will enable you to build your network at the bank, by collaborating with a broad range of stakeholders and senior employees
• We're offering this role for a period of 12 months, with the potential for extension or permanence

What you’ll do

As a Senior Auditor, we’ll look to you to provide quality, efficient and effective assurance and influence business managers to improve control as part of a digital and data-driven organisation. You’ll be assessing risks and controls and carrying out testing, as well as contributing to assurance planning and undertaking effective process mapping.

You’ll also be:

• Analysing MI and reviewing risk information to identify key business risks and contribute to continuous monitoring
• Producing effective audit engagement reports and opinions which influence our business managers to ensure they lead in a risk conscious way
• Engaging with stakeholders throughout engagements, making sure they understand business risks by having open and effective conversations on key risks
• Leading or independently delivering small engagements as and when required
• Coaching auditors and supporting them to realise their potential on the engagement

The skills you’ll need

We’re looking for someone with audit or risk management experience, together with a strong understanding of the principles of good risk management. As a Model Risk SME, you'll also bring a strong understanding of model risk management principles and best practices, and the macroeconomic drivers of model and product performance. You'll have experience in credit models development or validation covering, at a minimum, IRB or IFRS9 models, and have knowledge and understanding of relevant Prudential Regulation Authority and EU regulations covering credit risk models.

You’ll also need:

• Excellent analytical skills and the ability to assess and prioritise data effectively, quickly establishing what’s important
• A thorough grounding in monitoring and testing effective controls
• Excellent attention to detail when performing audit testing
• Excellent stakeholder management skills
• Great communication skills, with the ability to translate technical concepts in a clear and concise way