Senior Auditor, Quant Audit

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • RBS
  • 23 Nov 17 2017-11-23

See job description for details

The Business
We're hiring a Senior Auditor to join the Quant Audit team in London

  • This technical, intellectually challenging role is an excellent opportunity to join a quantitative audit team who are considered a 'critical friend' by the business, and who adopt a consultative role as a true business partner
  • You can expect a level of influence and exposure which is distinct in the marketplace for this type of role, and will have the chance to input to strategic decisions
  • While you'll have an initial agreed area of focus, you'll also have the chance to work across a number of areas of quant and model audit activity, broadening your exposure
  • The role will give you a platform to develop your knowledge and experience in model risk, and offers a clear route for personal and professional development

What you'll do

This important, technical role will place you at the heart of the bank's third line of defence, supporting independent, objective audit assurance on the risks associated with the use of models across a wide range of applications, including derivatives valuation, market risk, counterparty credit risk, credit risk, operational risk, initial and variation margin, stress testing, and treasury. You'll work under the direction of the audit lead on engagements to investigate valuation or risk models, probing beneath the surface to explore the fundamental detail. You'll build a full understanding of how the models are put together and how they work, understanding their effectiveness and their risk profile far beyond simply evaluating their controls. Some of the key features of your role will include:
  • Applying quantitative and models expertise to deliver effective audit assignments, to follow up on the remediation of control weaknesses, and to support annual audit planning and related audit opinions
  • Identifying model weaknesses and key business risks
  • Collaborating to produce a final report compiling findings into a high quality document, providing important insight to the business heads on adequately managing their risks
  • Managing assigned parts of engagements, and driving the delivery of efficient and effective assurance
  • Holding open and effective discussions on key risks, engaging with business stakeholders, and on occasions coaching less experienced auditors

You'll also have the opportunity at times to lead on engagements - some of which may be complex in nature.

The skills you'll need

Excellent quantitative skills are fundamental to this role. We're ideally looking for someone who has completed postgraduate study in a quantitative discipline - such as Mathematics, Physics, Financial Mathematics, Econometrics, Statistics, Operational Research, Engineering, or similar - preferably to PhD level. Previous audit experience is welcome but not essential. We'll also expect:
  • Excellent analytical skills, with the ability to assess and prioritise complex data effectively, quickly establishing what is important
  • A strong understanding of principles of good risk management and control
  • The ability to communicate clearly and concisely, both verbally and in writing
  • The interpersonal skills and confidence to manage relationships with senior stakeholders


How we'll reward you

In return, we offer a competitive salary plus 25% 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.

Visit our reward and benefits page for more information on the benefit packages we offer.

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 .

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.