Audit Manager, Counterparty Credit Risk

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • RBS
  • 17 Nov 17 2017-11-17

See job description for details

The Business
Join us in London, Edinburgh or Manchester as an Audit Manager to cover Counterparty Credit Risk

  • This Audit Manager role in the Internal Audit Trading Risk, Risk Capital & Modelling team will see you playing a significant part in mitigating any risks across our Counterparty Credit Risk function
  • You'll make a tangible difference to the bank's future, while gaining invaluable experience in a large and complex organisation, and working alongside well-respected industry figures
  • You'll become recognised as a subject matter expert on counterparty credit risk across the Internal Audit function, and with our key stakeholders
  • The role offers exposure to senior business and audit stakeholders across the globe, as well as the possibility of travel within the UK and overseas

What you'll do

You'll be at the heart of the bank's third line of defence, providing robust, challenging insight on counterparty credit risk, and BCBS 239 compliance for Credit Risk. You'll work with the Senior Audit Manager and business stakeholders to scope out audits, developing your understanding of the business's key risks and controls, and formulating and executing an appropriate and robust testing plan.

Other key aspects of your role will include:
  • Leading your team through the engagement stage, effectively managing work and resources, and setting standards of excellence
  • Delivering sometimes complex audits on time and to budget, and to an excellent standard
  • Leading the production of high quality written reports which detail any issues identified
  • Helping to manage discussion with key business stakeholders, leading to final issue acceptance and remediation
  • Assisting on non-Counterparty Credit Risk audits, including model build and validation, market risk, stress testing, ICAAP and Pillar 3 reporting

The skills you'll need

We're looking for a strong, established internal auditor or outstanding risk manager, with a thorough grounding in risk management principles, analytical thinking capability, and a meticulously investigative approach. You'll need expert knowledge of counterparty credit risk and a working knowledge of relevant areas of regulation - for example Basel 3, CRD IV, CRR, EMIR.

You'll need an understanding of how risk weighted assets are derived for regulatory capital calculation purposes, regulatory exposure methods, expected positive exposure (EPE) and effective expected positive exposure (EEPE). You'll also have a solid grasp of the differing regulatory approaches for calculating exposure at default (EAD), using internal model methodology (IMM), current exposure method (CEM) and the standardised approach.

We'll also expect:
  • Familiarity with credit risk mitigation techniques, such as potential future exposure (PFE), Credit Valuation Adjustment (CVA), stress testing and back testing
  • Strong understanding of traded products and the associated credit risks
  • An understanding of how credit exposure numbers are used for internal risk management as well as how regulatory capital calculations are made
  • Experience leading teams in delivering complex projects - audit or otherwise - while keeping a firm hand on budget, schedule and quality
  • Strong management stakeholder skills, and ability to support and supervise your team through coaching, feedback and development

How we'll reward you

In return, we offer a competitive salary plus 30% cash and benefit funding programme that can be tailored to suit your individual needs. In addition, we provide a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your work/life priorities.

For more information on our benefits, please visit our website .

Inclusion

At RBS, we want everyone to feel welcome, regardless of your background or needs. If you need adjustments making to your working environment, we'll do everything we can to support you. As part of this commitment, we offer flexible working options for some of our roles, find out more here .

As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you'll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.