Senior Auditor, Model Risk Expert

London, United Kingdom

Join us as a Senior Auditor in London, concentrating on Model Risk

  • You’ll deliver audit engagements and opinions which successfully influence business managers to manage risk prudently within their risk appetite
  • You’ll act as an ambassador for Internal Audit, demonstrating professional behaviours and helping to build on the function's reputation for integrity, providing independent assurance
  • It's an opportunity to make a tangible difference to the bank’s future, while gaining invaluable experience in a large and complex organisation, and working alongside well-respected industry figures
  • This role is open from Monday 4th March 2019 to Tuesday 2nd April 2019

What you'll do

While the initial focus of your role will be on credit related modelling – covering internal rating based, IFRS 9, and related stress testing modelling – you can expect opportunities to work across a broad range of modelling activity as priorities change.

You’ll contribute to independent engagement assurance by undertaking tasks within the engagement life cycle, providing quality, efficient and effective assurance, and influencing business managers to improve controls. This role will give you the opportunity to continue building your capability and modelling expertise, and maximising its use to provide assurance.

You'll succeed in this role by:

  • Delivering elements of regular or complex models related engagements on time and to budget, assessing risks and controls and undertaking testing effectively
  • Contributing to assurance planning and undertaking effective process mapping
  • Helping to continuously monitor risk by analysing MI and reviewing risk information under the direction of the Audit Manager or Senior Model Risk Expert
  • Stepping up to lead engagements when necessary, driving the delivery of efficient and effective assurance, effectively managing work and resources, and setting standards of excellence
  • Effectively training and coaching junior auditors, supporting them to realise their potential on the engagement
  • Leading the production of high quality written reports which detail any issues identified
  • Contributing to managing the discussion with key business stakeholders, leading to final issue acceptance and remediation

The skills you'll need

We’re looking for a strong, established auditor with extensive audit experience, and a clear interest in and understanding of financial markets, instruments, valuation or risk.

You'll compliment this with excellent quantitative understanding and skills developed through a PhD in a quantitative discipline or a Master’s degree supplemented with research experience, and honed through relevant work experience
 

We'll also be looking for:

  • Internal audit experience or experienced in risk management.
  • Interest in and a basic understanding of Financial Markets, Instruments, Valuation, and Risk Management techniques, and current and emerging issues and developments. This may be in a single asset class or risk type.
  • A working knowledge and understanding of Mathematical Finance, Econometrics, or Mathematical Statistics and its application in valuation and risk management. This may be in a single asset class or risk type. 
  • Excellent quantitative understanding and skills demonstrated through a suitable qualification (will need to be a PhD in a quantitative discipline or a Master's degree supplemented with research experience)
  • Awareness of the regulatory requirements and developments relating to models
  • Strong analytical skills along with the ability to assess and prioritise data effectively, quickly establishing what’s important
  • Adept at communicating both verbally and in writing in a clear and concise way and be comfortable with managing relationships with Senior Stakeholders
  • Excellent attention to detail and strong project and time management skills
  • Experience of Model Risk and Credit related modelling

How we'll reward you

In return, we offer a competitive salary and you'll also join our retirement savings plan. You can also choose from a selection of protection, healthcare or lifestyle extras from RBSelect, our fully flexible reward programme.

Visit our reward and benefits page for more information on the benefit packages we offer.

Inclusion

At RBS, we want everyone to feel welcome, regardless of your background or needs. If you need adjustments making to your working environment, we’ll do everything we can to support you. As part of this commitment, we offer flexible working options for some of our roles - find out more.

As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you’ll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.

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