Audit Manager - Market Risk Domain - Investment Bank

Job title: Credit Risk

Level: Audit Manager (Equivalent to AVP)

Team: Finance and Risk Audit

Reports Directly to: Head of Audit, Group Risk

RESPONSIBILITIES:

- Working as a team leader on audits primarily relating to Market and Traded Credit Risk (MTCR). This involves supporting the team manager by executing audit planning, fieldwork, reporting and issue tracking for work assigned in an efficient and effective manner within GIA methodology.

- Supporting the HOA in carrying out Continuous Monitoring and Relationship Management for the Credit Risk function.

- Group-wide exposure at default (EAD) to traded credit risk (CCR) totals $45bn, with equivalent CCR RWA of $11.5bn. In addition, RWA from Group-wide Market Risk exposure is $23bn. The portfolio is deeply complex, requires technical expertise and engages with senior stakeholders across risk and the business.

- Given the location of Market and Traded Credit Risk Control Owners, the majority of the work will be Singapore. Other senior MTCR stakeholders are based in London.

- Role will report to the Head of Audit, Group Risk.

Strategy : 

- Support the Head of Audit (HOA), where required in the development of the GIA risk assessment and development of an appropriate plan for Market and Traded Credit Risk Audits.

- Support the HOA, to ensure the scoping of the work assigned addresses the key risks identified in the risk assessments of areas above during the audit planning process, and meets the relevant regulatory requirements and expectations that are required to be covered by GIA.

- Propose changes to HOA, by keeping track of the assigned audit plan to ensure it remains relevant throughout the year as the risk profile of the relevant areas change.

- Ensure that GIA operates in line with the Audit Charter, remains independent from management and free from interference.

Business : 

- Strong awareness and in depth understanding of the key risks in pre implementation and Business As Usual (BAU) controls and processes associated with Market and Traded Credit Risk.

- Strong awareness and in depth understanding of the key risks involved in the auditing of Market and Traded Credit

- Have awareness and understanding of other key risks such as Credit, Operational and Model risk

Eligibility : 

- Experienced career internal (or external) auditor, or experienced former Market and Traded Credit risk practitioner with deep subject matter expertise.

- Audit or Accounting professional qualifications are not required for applicants who are Market or Traded Credit Risk professionals but actively encouraged

- University degree

- Knowledge of Banking controls and processes

- Advanced understanding of Market and Traded credit Risk Management concepts

- Good interpersonal and communication skills

- Familiarity to technology application controls relevant to Market and Traded Credit Risk

- Advanced understanding of Market and Traded credit risk management practices and controls

- Advanced understanding of quantitative / statistical approaches used in Market and Traded Credit risk measurement

- Strong communicator, both written and verbal, with an ability to influence and an ability to gain the respect of senior management, regional stakeholders, peers and their teams

- Up to date with key regulation / developments in Market and Traded Credit Risk Management

- Demonstrate understanding of and commitment to the Group's core values