Risk Modelling Auditor

Job Location	Wall, Hexham
Education	Not Mentioned
Salary	Competitive salary
Industry	Not Mentioned
Functional Area	Not Mentioned
Job Type	Permanent , full-time

Job Description

Risk Modelling Auditor OpportunityMy leading banking client is on the search for a Risk Modelling Auditor to join their Models Audit division, within their Group Internal Audit function. This role allows you to work in a leading audit function and gain exposure to various risk modelling, capitalassessment, and analytical techniques across banking operations. This is a hybrid role based in London, Bristol or Edinburgh.Responsibilities of a Risk Modelling Auditor:

Collaborating across the risk/business audit matrix to grasp business priorities and risk appetite relevant to assigned audits. This involves identifying key controls and assessing their design effectiveness with minimal supervision.
Conducting testing of key controls for assigned audits to evaluate their operational effectiveness.
Identifying control deficiencies in assigned audits, drafting issues, and proposing actions to be included in draft reports.
Applying the Group Audit methodology and standards to identify and deliver high-quality findings supported by robust documentation.
Embracing continuous improvement by supporting change initiatives.
Motivating, developing, and collaborating within your own team and across the wider function to drive higher performance and sustained results.
Establishing and nurturing relationships with stakeholders to educate the business on the control framework, influencing business processes, and driving necessary actions for control improvements.

Essential Skills:

Actuarial and insurance modelling, encompassing reserving pricing, stress testing, capital, and insurance risk modeling.
Analysis and modeling of market and credit risk, including Value at Risk (VaR) and risk measures such as Greeks and stress testing.
Credit risk modeling, including regression-based models, retail credit risk scorecards, and credit provision modelling techniques.
Effective management and governance of model risks.
Familiarity with regulatory capital requirements in the insurance or banking sectors.
Statistical analysis and qualitative techniques for model validation.
Stress testing and scenario analysis, including qualitative and quantitative techniques for firm-wide stress testing, as well as knowledge of econometric modelling and forecasting.
Understanding the various stages of a model life cycle and associated risks.
Valuation models for traded products across different product types.

This is an excellent opportunity for a Risk Modelling Auditor to work for a well-established, Financial Services Client. Competitive salary, benefits, and flexible working. If you are interested, please apply now.

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