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For Companies At a Glance
- Tasks: Lead audits and enhance control frameworks in financial modelling.
- Company: Join a top UK Financial Services brand known for excellence.
- Benefits: Enjoy competitive pay, professional development, and flexible working options.
- Why this job: Make an impact by improving business processes and controls while collaborating with diverse teams.
- Qualifications: Experience in model risk, governance, or actuarial roles is essential.
- Other info: Opportunity to work with cutting-edge financial models and gain valuable insights.
The predicted salary is between 48000 - 72000 £ per year.
The company
Our client is one of the UK’s most recognised Financial Services brands. They currently have an opportunity for a model risk expert to join their team, providing risk and control oversight across their modelling activities. This role is an excellent opportunity for an experienced actuary or model risk professional to utilize their technical knowledge and people skills, while gaining oversight of a broad range of financial models.
The opportunity
- Lead and support the delivery of complex, high-quality audits to provide independent assurance and agree on management actions to enhance the control framework.
- Establish and build relationships with stakeholders to educate the business on the control framework and influence business processes and actions to improve controls.
- Collaborate across the risk and business audit matrix to understand business priorities and risk appetite, identify key controls, and evaluate their design effectiveness with minimal supervision.
- Define, propose, and complete testing of key controls to evaluate their operational effectiveness with minimal supervision.
Your profile
- Experience as a banking model risk, governance, or validation professional, or as an actuary with expertise in capital and/or Solvency II modeling.
- Knowledge of the model life cycle and associated risks.
- Skills in statistical analysis and qualitative techniques for model validation.
- Experience with credit risk modeling, regression-based models, retail credit risk scorecards, and related capital requirements and credit provision techniques.
- Knowledge of capital modeling and optimization.
- Understanding of capital management frameworks and regulatory capital treatments.
- Ideally, experience in effective model risk management and governance.
Audit Manager - Actuarial and Model Risk employer: Hybridge Recruitment
Contact Detail:
Hybridge Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Audit Manager - Actuarial and Model Risk
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in model risk management and actuarial practices. This will not only enhance your knowledge but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in model risk and audit. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed model risk or conducted audits in your previous roles. Being able to articulate your experience clearly will help you stand out during interviews.
✨Tip Number 4
Research the company’s culture and values, especially their approach to risk management and governance. Tailoring your conversation to align with their ethos can significantly increase your chances of making a positive impression.
We think you need these skills to ace Audit Manager - Actuarial and Model Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in model risk, governance, or actuarial roles. Emphasise your skills in statistical analysis and any specific projects related to credit risk modelling or capital management.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about the role of Audit Manager in Actuarial and Model Risk. Mention how your background aligns with the company's needs and how you can contribute to enhancing their control framework.
Showcase Your Technical Skills: Be specific about your technical knowledge in your application. Discuss your familiarity with the model life cycle, capital modelling, and any experience with regulatory capital treatments to demonstrate your expertise.
Highlight Stakeholder Engagement: Since the role involves building relationships with stakeholders, include examples in your application where you've successfully influenced business processes or educated teams on risk management practices.
How to prepare for a job interview at Hybridge Recruitment
✨Showcase Your Technical Expertise
Make sure to highlight your experience with model risk management and governance during the interview. Be prepared to discuss specific examples of how you've applied your knowledge in statistical analysis and model validation, particularly in relation to capital modeling and Solvency II.
✨Demonstrate Stakeholder Engagement Skills
Since the role involves building relationships with stakeholders, be ready to share instances where you've successfully influenced business processes or educated teams on control frameworks. This will show your ability to communicate complex concepts effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about past audits you've led and be ready to explain how you identified key controls and evaluated their effectiveness, especially under minimal supervision.
✨Understand the Company’s Risk Appetite
Research the company's risk management strategies and priorities. Being knowledgeable about their approach will allow you to tailor your responses and demonstrate that you can align your audit strategies with their business objectives.
