Audit Manager, Market Risk

  • £70-75k Base + Excellent benefits
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Fraser Carver Executive Search
  • 14 May 18 2018-05-14

Fraser Carver are working with a leading Bank in the City who are looking to hire a Manager into their Audit function focusing on Market Risk. The ideal candidate will either be working in a Big 4 Assurance function or currently employed as an Auditor within a large FS company specialising in Market Risk Audit. We will also consider Market Risk Managers who would be open to a role in Audit.

As the Audit Manager, you will act as a Specialist and/or Engagement Lead to deliver a variety of audits, harnessing a deep understanding of strategy, controls and risks to ensure reliable and independent assurance on the effectiveness of the control framework. 

Your key accountabilities will include leading, managing and/or undertaking a portfolio of audits in terms of scale, scope, cross-divisional impact and technical specialism to provide reliable, independent assurance and agree management actions with the business to improve the control framework. 

You'll provide senior professional audit/specialist expertise and input into the development of methodology and standards and provide improvements and suggestions to the development of the audit plan for assigned areas and prioritise work based on risk and an understanding of business objectives. 
Developing and maintaining partner relationships with business/specialist areas is key, to be able to inspire change and educate the business in the control framework and provide guidance and counsel. 

You will develop and engage with relevant external advisers to stay ahead of audit best practice and lead external audit involvement and initiate and deliver agreed initiatives to achieve continuous improvement. In addition, you will maintain up to date awareness of relevant regulatory and statutory environment and apply and champion the Group Audit methodology and standards to deliver high quality audit papers and files. 

To be successful in the role you will need to have experience in market risk management and pricing model development/ validation as well as the valuation of financial products. You will ideally come from a big 4 market risk/ valuation advisory; or an audit function auditing market risk and valuation. 

You will hold a deep understanding of the different methodologies used to measure, monitor and report market risk exposure and an appreciation of the underlying model methodologies. You will also have a deep understanding of the relevant regulatory framework in place regarding market risk management including both regimes in strength and in the pipeline. 

In addition, knowledge of the evaluation process for complex derivative instruments and prudent valuation guideline is key.