Risk Audit Manager

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We are currently seeking an experienced professional to join our team in the role of

Audit Manager - Model Risk

Role Propose

As an Audit Manager, you will be lead general audit activities across the Group as part of the Global Internal Audit (GIA) team and work directly with audit teams based in the US. You will provide independent, objective assurance over the Group’s internal control framework and assists business line management by bringing a detailed, disciplined approach to the evaluation and improvement of the effectiveness of risk management, control and governance processes.

Coordinates monitoring and continual assessment of strategic, credit, operational and other risks from business activities. Assist in the preparation and delivery of written evaluations and recommendations to management. Ensures external audit or regulatory criticisms of assigned businesses are corrected.

Within GIA, Model Risk Audit team focuses on testing model risk controls related to model inventory, model development, model monitoring and model validation.

Main Activities

Manages general audit activities for assigned segments across Global Internal Audit.
Coordinates monitoring and continual assessment of risks arising from business activities.
Confirms compliance monitoring and internal controls are in place, including processes for management of operational risk, in accordance with Company and regulatory standards.
Identifies audit process improvements to increase productivity, efficiency, and contribution to economic profit without impacting effectiveness.
Manages the audit process of identifying and evaluating risk and assessing the adequacy, effectiveness and compliance of internal controls utilized to contain risks. Communicate significant issues to executive and senior management and make appropriate recommendations.
Designs and executes the audit scope for assigned segments and recommends related overall audit plan coverage and drives the coordination and collaboration of a consistent delivery of audit work across the Global Businesses and Global Functions.
Validates issues and creates supporting documentation.
Maintains current knowledge of business, organizational, audit and technological changes as well as pertinent internal and regulatory policy and procedural requirements to ensure audit integrity, process innovation and service quality.
Ensures value-added audit work is completed in accordance with Audit Instruction Manual (AIM) requirements.

Qualifications

Minimum of 5 to 8 years’ experience with Model Risk as part of model development, model validation or Model Risk auditor required. Additional experience of Stress Testing and Capital Planning would be an advantage.
Minimum of a bachelor’s degree in quantitative area such as mathematics, statistics, economics or related field or equivalent experience.
Strong managerial skills, written and verbal communication skills, analytical, problem-solving, organizational, lateral thinking and interpersonal skills.
Broad knowledge of the Company, Group and financial services industry, business supported and the regulatory framework they operate in.
Good experience in model life cycle management including model development, monitoring and validation. Audit experience is not mandatory but would be an advantage.
Solid understanding of the business, risks and related controls within areas of responsibility.
Ability to apply technology or expertise to business issues or operational problems. Strong understanding of Commercial, Global or Investment Banking, preferred.
Knowledge and experience of best practices from other financial institutions would be a plus.
Professional certification(s) preferred.
Advanced English (C1).

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