Internal Auditor

Are you passionate about Internal Audit and Models? Are you knowledgeable in financial models and willing to further deepen your competence?In Swedbank you have the opportunity to:

• As an Internal Auditor specializing in financial models, you will be integral to our audit function responsible for evaluating the effectiveness and accuracy of various financial models used within the bank. This includes IRB-models, market-risk models, credit provisioning models, stress test models, and other related financial models
• Conduct comprehensive audits of IRB-models, market-risk models, credit provisioning models, stress test models, and other related financial models
• Evaluate model development processes including data input quality, assumptions, methodologies, and validation processes
• Assess model governance frameworks to ensure they comply 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
• Stay updated on industry best practices, emerging trends in risk modeling, and regulatory changes impacting financial modeling standards
• Provide input to annual and continuous risk assessment, planning and quarterly reporting
• Through audit engagements, assist senior management in identifying sustainable improvements towards transforming the Bank and helping it to reach its strategic goals
• Collaborate with other team members with different competences and skills to constantly develop

What isneeded in this role:

• Academic degree in finance/economics/mathematics/statistics
• Proficiency in applying audit techniques
• 2+ year 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 ormarket risk measurement techniques (such as VaR) and stress testing frameworks
• Familiarity with IFRS 9 credit provisioning requirements
• Experience from BIG 4 audit firms is a plus
• Strong written and verbal communication skills; ability to present complex information clearly to non-expert stakeholder
• Skills in project management is a merit
• Good analytical skills
• Detailed oriented and rigorous, however not forgetting the big picture
• Team player and service minded
• Willing to work in cross functional teams and cross border

What we offer when you join us:

• 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
• Flexible working options
• Access to Group performance program, company pension plan, optional health insurance, and other benefits

"Join our team and...

we will provide you with a unique opportunity to develop your skills as an internal auditor, being part of a team of high professionals with the ambition to deliver high quality audit assurance to management and the Board.

Our area of responsibility includes all operations within the Bank where we use a risk-based approach auditing governance, risk management and internal controls.

Group Internal Audit has a well-defined methodology, strong processes, including quality control and an extensive continuous training programme to help you become an effective and efficient auditor.

We are adding value to the organisation in the fulfilment of strategy and goals, but also when it comes to strengthen the internal control and organizational governance. We co-operate with the Risk and Compliance functions as well as the external auditors in order to further ensure that we jointly improve the internal control structure within the Bank." Gustav Jolstedt, your future leader

We look forward to receiving your application by 17.02.2025.

Location: Stockholm

Recruiting manager:Gustav Jolstedt +46 (0)702 223 726 gustav.jolstedt@swedbank.se

We may begin the selection during the application period, so we welcome your application as soon as possible.

We have made our choice regarding recruitment media and therefore kindly decline contact with ad sellers or sellers of other recruitment services.Swedbank does not discriminate anybody based on gender, age, sexual orientation or sexual identity, ethnicity, religion or disability – everybody is welcome.

#LI-Hybrid

#LI-SW1