Manager – Internal Audit Credit Risk

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Mediterranean Bank Plc
  • 25 Sep 17

Internal Audit aims to add value and to support the MeDirect Group in achieving its strategic, operational, financial and compliance objectives. Internal Audit assesses the key processes as well as the underlying governance, risk management and control environment. Internal Audit is an independent function that reports directly to the Chairman of the Audit Committee and to the Board. The selected candidate will be responsible to evaluate the adequacy and the effectiveness of controls around the Group’s credit risk assessment process, particularly with regard to the Group’s International Syndicated loans portfolio together with the assessment of other functions of the Group.

The position will be based in either London or our offices in Malta.

Duties and responsibilities

  • Assessing of credit exposures and credit risks, together with the ability to analyse credit exposures and assess the effectiveness of credit risks controls, the credit evaluation processes including the credit risk measurement processes, data and tools. To develop practical recommendations to improve controls where any such weaknesses have been identified
  • Developing adequacy and comprehensive audit approach / programmes for testing controls and to organize work to meet deadlines
  • Identifying areas of increasing / emerging risks and to design practical, innovative and value-added solutions to issues identified
  • Preparing reports of audit findings and to effectively interact with senior stakeholders
  • Establishing and maintaining effective professional working relationships with internal and external stakeholders
  • Ensuring the adoption of proper risk-based audit planning procedures
  • Providing feedback and recommendations for improvement whilst ensuring compliance with regulatory requirements and best practices
  • Other duties as determined by the Chief Internal Audit Officer

Required knowledge, skills and experience

  • A qualified auditor (Certified Internal Auditor, CIA) or Accountant (University degree; Chartered (ACA) / Certified (ACCA) accountant) or Chartered Financial analyst (CFA)
  • Minimum of five years of relevant experience preferably in audit or risk management in a banking or similar lending environment
  • A high level of experience assessing the credit risks in lending and trading activities, together with broad product knowledge across the syndicated loan and other lending business. Including very strong accounting knowledge (particularly IAS 39 and IFRS 9) 
  • Experience structuring and analysing internal bank credit data sources, including PD, LGD, and EAD, strong knowledge of credit risk management rating and measurement methodologies, provisioning and capital requirements, and/or credit risk management tools
  • Good working knowledge of credit risk, commercial lending and leveraged finance related products and processes
  • Willingness to keep up with industry, regulatory developments and learn new concepts and methods
  • To work well within a team environment and to be dependable when working independently, with sound judgment for when to escalate issues
  • To have a flexible and committed attitude and willing to travel to other locations (UK/Belgium) to carry out various for audit assignments