Audit Manager – Model Risks – ()
- @TrendyJobbers | HR Outsourcing
- Full-time
- Posted 2 months ago
- Apply Before: July 9, 2024
- 0 Click(s)
- View(s) 57
Job Detail
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Job ID 1007770
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Career Level Officer
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Experience 5 Years
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Industry Finance
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Qualifications Degree Bachelor
Job Description
Job Responsibilities:
1. Model Risk Audit Planning and Execution:
- Participate in the development and execution of the annual internal audit plan providing inputs on model risks.
- Conduct audits of various models and analytical frameworks used for risk management, pricing, capital calculation, and decision-making processes.
- Evaluate the effectiveness of model governance, including model development, validation, implementation, and monitoring processes.
- Assess the accuracy, completeness, and reliability of data inputs used in models.
- Perform technical testing and analysis, including model validation, stress testing, and sensitivity analysis.
- Collaborate with other audit teams to deliver integrated audits and advisory assignments
- Participate in the development of audit analytics and automation.
2. Audit Reporting and Documentation:
- Prepare comprehensive audit reports detailing findings, risks, and recommendations for remediation.
- Document audit procedures, evidence, and working papers in accordance with established standards and methodologies.
- Collaborate with model developers, risk management teams, and business stakeholders to validate findings and ensure accurate reporting.
3. Risk Assessment and Advisory:
- Analyze and evaluate the potential impact of identified risks on the organization’s decision- making processes, financial performance, and overall risk profile.
- Provide practical recommendations to mitigate risks associated with models and enhance the effectiveness of model governance.
- Assist in the development and implementation of remediation plans and model risk management strategies.
- Contribute to model risk advisory projects and assessments, providing subject matter expertise and guidance
4. Continuous Learning and Development:
- Stay updated with emerging model risk management practices, regulatory changes, and industry best practices related to model auditing.
- Participate in training and professional development opportunities to enhance technical and auditing skills.
- Contribute to the improvement of audit methodologies and procedures within the team.
5. Stakeholder Management and Mentorship:
- Collaborate effectively with model developers, risk management teams, business units, and relevant stakeholders during audit engagements.
- Foster positive relationships and maintain open communication channels to facilitate the audit process.
- Provide guidance, mentorship, and support to junior auditors and team members.
Required skills
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