Financial Model Auditor

1 day ago


Stockholm, Stockholm, Sweden SWED BANK Full time

Job Description:

We are seeking a highly skilled professional to specialize in evaluating the effectiveness and accuracy of financial models used within our bank.

Key Responsibilities:

  • Conduct comprehensive audits of various financial models, including IRB-models, market-risk models, credit provisioning models, stress test models, and others.
  • Evaluate model development processes, including data input quality, assumptions, methodologies, and validation processes.
  • Assess model governance frameworks to ensure compliance with regulatory requirements and internal policies.
  • Identify potential risks associated with model usage and provide recommendations for mitigating these risks.
  • Prepare detailed audit reports documenting findings, recommendations, and management responses.
  • Collaborate with model stakeholders across various departments to ensure thorough understanding and transparent communication regarding audit findings.

Requirements:

  • Academic degree in finance/economics/mathematics/statistics.
  • Proficiency in applying audit techniques.
  • 2+ years experience in the financial sector working with financial models within a banking environment or a similar setting.
  • Understanding of IRB approaches for credit risk measurement or market risk measurement techniques (such as VaR) and stress testing frameworks.
  • Familiarity with IFRS 9 credit provisioning requirements.
  • Strong written and verbal communication skills; ability to present complex information clearly to non-expert stakeholders.

About SWED BANK:

  • We offer an open, simple, and caring culture.
  • Opportunity to create the best experience for our customers.
  • An international, sustainable, and inclusive work environment.
  • Development opportunities and advancement in your career.


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