Model Risk Audit Manager

Location Edinburgh
Discipline: Financial Services
Job type: Permanent
Contact name: Samantha Milligan

Contact email: samantha.milligan@changerecruitmentgroup.com
Job ref: 134495
Published: 4 months ago
Expiry date: 27 Dec 2024 23:59

Audit Manager, Model Risk - Permanent - London, Gloucester or Edinburgh - Hybrid

We are supporting our Banking client with the growth in their Model Risk Audit team. This role will be supporting the Senior Manager and Head of leading audit function and gain exposure to a wide range of risk modelling, capital assessment and other analytical techniques across our banking and insurance businesses.

This role will be focused on supporting the delivery of the audit plan by executing risk based audits. Through this you will harness a deep understanding of business priorities, controls and risks to provide reliable, independent assurance and agree management actions to enhance the control framework.

Responsibilities:

  • Lead and deliver on complex audits of high quality, independent assurance and agree management actions to enhance the control framework to agreed plan.
  • Establish and build relationships with stakeholders to educate the business in the control framework and influence business processes and required actions to deliver control improvements.
  • Work collaboratively across the risk / business audit matrix to develop an understanding of business priorities and risk appetite relevant to assigned Audits, identify key controls and evaluate their design effectiveness requiring only light supervision.
  • Define, propose and complete testing of key controls for assigned Audits to evaluate their operational effectiveness requiring only light supervision.
  • Highlight any control deficiencies for assigned Audits and draft issues and actions for inclusion in Draft Reports.
  • Deliver Audits within agreed timescales, through collaboration with other colleagues.
  • Apply the Group Audit methodology and standards to identify and deliver high quality findings and robust supporting files.
  • Motivate, develop and collaborate within own team and across the wider function to drive higher performance and sustained results.

Requirements:

  • Experience working within Statistical Analyst, Qualitative Analysis, Model Development, Credit Risk or Similar
  • Experience working within Audit
  • Experience with Stress testing and scenario analysis, including qualitative and quantitative techniques for firm wide stress testing, and knowledge of econometric modelling and forecasting
  • Technically oriented and understanding of methodologies and assumptions of models

 

Please Apply Now or contact Samantha Milligan to learn more about this opportunity samantha.milligan@changerecruitmentgroup.com