Manager - Internal Audit Credit Risk

Mediterranean Bank Plc
London, United Kingdom
Sep 25, 2017
Oct 16, 2017
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

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

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