Snr Model Risk Audit Manager, Risk Models (VP), London

London
Ref: SMRAM-0604
To £100K + Bonus + Excellent Benefits
Top-tier, Global Banking Group
Credit or Market Risk Modelling, Internal Audit

Global Model Risk Internal Audit at this top-tier Investment Bank has an opportunity in London for a Risk Models specialist skilled in Market OR Credit Risk Models & Model Governance to assess model robustness and performance across business lines. You will undertake audits of all aspects of risk management & models, to provide independent assurance over the Group’s internal Risk Control framework.

KEY RESPONSIBILITIES:

  • Undertake audits of all aspects of model development, implementation and usage to provide independent assurance over the Group’s internal model risk control framework.
  • Provide quantitative support for assessment of model design, validation and related processes
  • Understand key risks and controls in financial services, in particular those associated with trading, regulations & models
  • Submit audit reports or conclusions for each audit conducted or supported
  • Execute risk-based audits using appropriate audit methodology
  • Deliver and document audit work to high standards and within timelines

KEY SKILLS & EXPERIENCE:

  • At least 5 years in financial services, with deep knowledge of one or more businesses and products e.g., front-office trading desks, risk management, risk consulting or Audit function
  • Knowledge of: Market risk modelling, the regulatory environment, derivatives, stress testing
  • Subject Matter Expert (SME) experience in: Market or Credit Risk, Model risk, Model governance, Internal Audit, other risk flavours
  • Knowledge of Model selection, Calibration, or Model Testing
  • Understanding of global regulatory frameworks and compliance requirements
  • A master degree or higher in a quantitative subject
  • Command over a wide range of analytical tools, techniques, regulations & models
  • Able to produce detailed reports using concise language to explain technical issues