Senior Auditor, Model Risk SME (6 months)

NatWest Group; City of Edinburgh; Remote; GBP 100,000 - 125,000; Full time

Job summary

A leading financial services organization is looking for a Senior Auditor, Model Risk SME in Edinburgh. This role is focused on providing effective assurance and influencing management to enhance controls. Ideal candidates will have a strong grounding in audit or risk management, particularly in model risk principles and credit models. The position is remote-first, offering flexibility and requiring collaboration with various stakeholders. The job will last for six months, closing applications on 30/11/2025.

Qualifications

• Audit or risk management experience is required.
• Strong understanding of model risk management principles.
• Experience with credit models development or validation.

Responsibilities

• Provide quality audit assurance and influence business managers.
• Analyze MI and review risk information.
• Produce effective audit engagement reports.

Skills

Excellent analytical skills

Stakeholder management skills

Great communication skills

Attention to detail

Job description

Senior Auditor, Model Risk SME

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 six months

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
• A strong understanding of model risk management principles and best practices
• A strong understanding of the macroeconomic drivers of model and asset performance

Hours

35

Ways of Working: Remote First

Job Posting Closing Date: 30/11/2025