OakNorth Credit Intelligence - Prudential Risk Auditor

Key Job Responsibilities :

1. Manage Prudential Risk related audit activities for the OakNorth Bank plc

- Support in the planning, fieldwork and drafting of audit reports

- Document audit fieldwork, findings and audit reports.

- Identify meaningful issues impacting business and operations under review, challenging management to ensure appropriate remedial action has been taken to address the issues identified.

- Review audit evidence and track closure of management actions.

- Supports IA team and colleagues on subject matter whilst keeping in mind team goals, not only individual targets.

2. Deliver internal audits

- Audit the Prudential and Treasury framework of the Bank to cover firm's exposure to credit (from underwriting to work-out and recoveries), capital, liquidity, hedging, operational, IFRS 9, financial (incl. reg reporting) and group risks

- Review of ICAAP and ILAAP incl. stress scenarios and assumptions to evaluate Bank's financial resilience to ensure its safety and soundness

- Provide assurance on model risk management including their conceptual soundness, documentation, implementation accuracy and independent validation

- Deliver operation resilience audits to review Bank's preparedness levels to consistently meet regulatory expectations

- Review of the Bank's FSCS compliance and reporting framework

3. Attributes:

A. Culture fit

- Hunger, fire (10x, momentum)

- Ability to work with others across teams, geographies, and legal entities (one team)

- Logical thinking, ability to get to the simplest answer as opposed to a convoluted one (challenge and simplify)

- An honest person who operates with a high degree of ethics and integrity through any situation (right ambition, say it as it is)

- Strong communication and interpersonal skills, with the ability to work collaboratively across teams.

B. Job-specifics :

- Someone with a minimum of 3 years of banking or consulting experience in prudential and treasury matters.

- Working knowledge of regulatory standards and references such as credit risk management cycle and credit migration, ICAAP and ILAAP, model risk management, PD/LGD, RWAs, stress testing and reverse stress testing, operational resilience and scenario analysis, recovery and resolution, IFRS 9 ECLs and provisions, regulatory reporting incl. PRA 110.

- Exposure to UK's prudential regulatory environment would be an added advantage.

- Holds the qualification of Chartered Accountant or equivalent.

- Holds at least one globally recognised professional certification: FRM or CFA or any other equivalent certification (preferred).

- A self-starter and fast learner; someone who can work and learn on his/her own.

- Someone who is confident in their opinion but listens to others points of view and builds trust across stakeholders.

- The resilience to cheerfully keep going even in the face of set backs and challenges.

The role is based in OakNorth Global Private Ltd. in Gurugram and will report directly into a more senior Internal Audit colleague based in Gurugram. There is an expectation that this role will be based in the office for three days a week.