Audit Manager, Counterparty Credit Risk (CCR)

  • Job Reference: R-00143845-OTHLOC-GBR-5FEDI034
  • Date Posted: 14 September 2021
  • Employer: RBS
  • Website: http://www.jobs.rbs.com
  • Location: Edinburgh
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Full Time

Job Description

Join us as an Audit Manager, CCR

  • We’ll look to you to provide independent engagement assurance by leading the engagement team specific to Market and Traded Credit Risk
  • You’ll be supporting the engagement assurance planning, ensuring coverage of all key risks, complying with regulatory requirements for Internal Audit, and deploying resources to best use
  • Using your expert knowledge of auditing, you'll be able to advance your career in this critical leadership role

What you'll do

As an Audit Manager, CCR you’ll be providing quality, efficient and effective assurance and influencing business managers to improve control. You’ll be leading and coaching your team as they deliver audit engagements, making sure they’re delivered to budget and on time while helping them to realise their potential.

You’ll also be:

  • Delivering audit engagements and driving assurance for regular and complex engagements
  • Leveraging Internal Audit’s industry leading audit methodology and tools
  • Ensuring compliance with global methodology within engagements and accurately keeping the audit management tool up to date
  • Managing key stakeholders throughout audit engagements, ensuring a good understanding of business risks and an open and effective discussion on key risks
  • Building on an excellent Internal Audit position and influencing the evolution of our control framework

The skills you'll need

We’re looking for an experienced internal auditor or someone with a strong background in risk management, along with knowledge and experience of Counterparty Credit Risk. You’ll need to be able to demonstrate how you’ve successfully delivered projects – audit or otherwise – while keeping a firm hand on budget, time and quality.

You'll have strong interpersonal and communication skills with the ability to effectively communicate with and influence senior stakeholders

You’ll also demonstrate:

  • Strong understanding of traded products and the associated credit risks, a good knowledge of CCR exposure and methodology (such as PFE, CVA, stress testing and back testing etc).
  • A good understanding of the differing regulatory approaches for calculating exposure at default (EAD) using internal model methodology (IMM), current exposure method (CEM) and the standardised approach.   
  • Working knowledge of relevant areas of regulation, for example CRR and CRR II, EMIR etc.
  • Working knowledge of CCR legal documentation and credit risk mitigation techniques.
  • A proactive approach towards identifying, coaching and developing talent