Support independent assurance activities within the Model Risk Audit team, contributing to audit validation of self-assessment templates for AIRB/FIRB model applications
Job Summary
Support independent assurance activities within the Model Risk Audit team, contributing to audit validation of self-assessment templates for AIRB/FIRB model applications.
Perform detailed testing and analysis to assess model methodology, governance, control design, and regulatory compliance, reviewing model documentation and validation reports.
Engage with stakeholders across Model Development, Validation, Model Risk, and Regulatory Reporting to gather information and support audit closure, contributing to continuous improvement initiatives.
Matching Summary
Support independent assurance activities within the Model Risk Audit team, contributing to audit validation of self-assessment templates for AIRB/FIRB model applications.
Skills & Requirements
Must-have
Model Risk Audit
AIRB/FIRB model applications
Basel 3.1/CRR compliance
PRA SS1/23 expectations
Quantitative analysis skills
Nice-to-have
Collaborative team environment
Continuous improvement focus
Stakeholder engagement skills
Adaptable to fast-paced environment
Key Requirements
Experienced in Model Validation, Model Development, Model Risk Management, or Internal Audit
Good understanding of IRB credit risk models
Familiarity with Basel 3.1/CRR regulations and PRA model risk policies