Auditor - Business Audit (Credit Model Audit)

Being a contributor to the audit life cycle from planning to testing, reporting and closure of recommendation under the guidance of the Head of Mission/Senior Auditors, he assists audit management in execution of Audit plan. The audit work performed should comply with prescribed quality and timelines. Shared services missions may involve onshore travel.

The Auditor should be able to provide sufficient interventions and autonomously missions focus on:

• methodologies for calculating capital requirements for Basel models 2 through IRBA processes
• the models for the granting of consumer credit used in retail banking.
• the valuation models of accounting provisions in accordance with IFRS 9
• the methodologies used for risk management,
• models for the valuation of derivatives used in corporate and investment banking,
• liquidity and IRBB models used in ALM,
• Actuarial models used in insurance

Interact with various lines of business and control functions to understand relevant aspects of model development, validation, governance, and use.

Evaluate model documentation / validation reports and document results

Conduct Internal control reviews on behalf of the corporation to identify financial risks, controls to mitigate the risks and assess the control environment of each significant business process.

Assess the remediation of regulator and audit identified issues

Responsible for working independently on complex model audit

Assess inherent, control and residual risks with expertise in modeling practices, techniques, and validation processes as well as risk management strategies and data analytics.

Maintains clear work papers and audit trail of the work done in the audit workflow tool, in accordance with the prescribed methodology.

Makes appropriate recommendations to improve SG processes.

Follow-up recommendations issued timely and escalate when needed.

Develop stakeholder management skills as a part of Continuous audit monitoring.

Ensure effective and efficient execution of audits in conformance with professional and departmental standards, budgets, and timelines.

Research relevant banking, regulation, risk management, and operational topics.