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This is an exciting opportunity to join the Financial Risk Audit Team, which is a core part of GIA. The Financial Risk Audit Team is comprised of audit professionals who work closely with the Head of Audit to deliver financial risk audits across the Group. Model risk is one of the Group's Level 1 principal risks. The successful candidate will lead or assist in the delivery of model risk related audit assignments, while also gaining exposure to other financial risk types and supporting wider delivery as the need arises. This is an excellent opportunity for a high calibre candidate with proven model risk experience and a passion for wanting to make a difference. You will gain knowledge of end-to-end model risk management across a diversified multi-national financial services group, gaining exposure to a wide variety of risk management units and their management teams.
Job Responsibility:
Support in scoping and planning audit engagements to meet the objectives as outlined in the Group Audit Committee approved audit plan
Evaluate internal controls and processes through the planning, execution and reporting of audit engagements
Lead audit engagements ensuring audits are run within budget, time and resource requirements
Report on the status of audit engagements to the Heads of Audit
Lead partner engagement with auditees throughout the audit engagement, including regular updates and agreement of audit issues and final report
Support in the development of the annual assurance plan and opinion
Support and mentor new and more junior members of the team in audit methodology and use of Audit Board
Ensure audits are delivered in line with GIA methodology
Requirements:
Third level qualification in a quantitative field relevant to model risk management preferred
Extensive experience of existing and upstream regulations affecting model risk, e.g. Capital Requirements Regulation, IFRS 9, EU AI Act and relevant EBA/ECB/PRA regulatory technical standards and guidelines
Previous audit, assurance, or model validation experience would be a distinct advantage
A track record of developing and maintaining strong organisational and client relationships and leading through influence
Highly adept in navigating governance processes and working cross-functionally with a broad group of partners to achieve an outcome
In depth knowledge and understanding of Bank of Ireland and its use of models
Experience of constructive engagement with supervisors and/or external auditors
Extensive practitioner experience in the management of model risk, whether in a first, second or third line of defence capacity or in the capacity of an external auditor, consultant, regulator or supervisor
Proficiency in one or more leading statistical software packages such as SAS, Python or R
Strong people manager and interpersonal skills, with the ability to lead and motivate colleagues irrespective of reporting lines
Strong reporting writing and critical thinking skills, with the ability to convey complex information in a simple manner that generates practical insights for executive and Board audiences
Qualified or working towards a relevant Internal Auditor qualification (Certified Internal Auditor - CIA, or Certified Information System Auditor - CISA) or Accountancy qualification ACA/ACCA
What we offer:
25 days annual leave
excellent pension contributions
6 months paid maternity leave
innovative fertility and surrogacy policy
working parent and carer supports
substantial health insurance contribution
employee assistance program
WebDoctor
financial wellbeing coaches
support for educational and professional qualifications