Audit Manager, Model Risk – VR/AP52
Rutherford Cross
Published
December 17, 2019
Location
Edinburgh, United Kingdom
Job Type
Region
Scotland:, - Edinburgh
Sector
Financial Services
Specialism
Internal Audit, Risk and Compliance

Description

Rutherford Cross is currently supporting a bank in Edinburgh in their search for an Internal Audit Manager to lead audit engagements, assessing our clients’ risks and controls.  The role sits within the third line of defence, providing independent assurance over the risks faced by the bank, in the Model Risk team.

The Candidate:

  • Good knowledge of model requirements for IRB, IFRS9, forecasting and stress testing models as well as a practical understanding of credit risk modelling methodologies and validation
  • Demonstrate an understanding of model review or development of Risk Models ideally in a financial services organisation.  Prior experience within Audit / Risk Oversight functions is preferable
  • Ability to perform or oversee assigned analytical testing to provide assurance over accuracy of model outputs (back-testing); discriminatory power; overrides; stability analysis; and evaluation of input data
  • Proven ability to work under pressure, manage and deliver multiple tasks
  • Strong oral and written communication skills and experience of delivering reports to senior management
  • Excellent attention to detail
  • Evidence of building productive relationships with key stakeholders, project / process management and model governance experience
  • Preferably a higher qualification in a mathematical or statistical discipline with quantitative focus or equivalent professional qualification in a risk or finance discipline

The Role:

  • Works collaboratively to support delivery of the Model risk audit plan to agreed budgets and timescales
  • Influences stakeholders in agreeing and implement required improvements in governance, risk management and internal controls
  • Supports the development of the audit plan for Model Risk and prioritises work based on risk and an understanding of business objectives including Sabadell Group requirements and relevant UK and European regulatory requirements
  • Be innovative in helping develop the audit methodology and deliver against the international standards and UK Code for internal auditing
  • Appetite to build network and knowledge of best practice techniques in the industry
  • Be committed to developing your career and keeping abreast of regulatory and industry changes
  • Display accountable behaviours and values – you’re collaborative and things happen because of you

To discuss in confidence please contact [email protected] or call 07494 280 152.

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