Audit Officer - Model Validator

• To conduct and supervise the conduct of regular/focus/spot audits of units indicated in the department's annual audit work plan and conduct special/fraud investigations as assigned by the Section/Department Head.
• To perform independent validation and periodic reviews of risk models to ensure that these remain relevant for the Bank's use.
• To ensure that the different audit reviews/processes of the audit team are following sound internal auditing standards such as the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing and other supplemental standards issued by the regulatory authorities/government agencies, as well as the relevant code of ethics.
• Conducts and directly supervises the audit team in the conduct of regular/focus/ spot audit/special/fraud investigation/model validation/continuous/ desk audit review.
• Conducts and documents the preliminary risk assessment of the Model Validation (MV)/Audit in the Pre-Planning Memo, which includes the following
  • 1. Understanding the Bank's Risk Model based on the data/information gathered (i.e., pertinent documents and walkthrough); and,
       
    1. Engagement objective, scope, nature, extent and timing of MV, strategy, and resource allocations.
    2. Conducts initial evaluation and recommend changes in scope, direction, resource allocation, and timetable of audit engagement 
    3. Sets and conducts initial/soft exit conference.

Basic requirements:

• Graduate of Bachelor of Science in Mathematics (BS Math) or Bachelor of Science in Statistics (BS Statistics) or Bachelor of Science in Applied Statistics (BS Applied Statistics) or Bachelor of Science in Accountancy (BS Accountancy)
• Certified Public Accountant or any equivalent professional certification/s such as CIA, CISA, CFE, etc.
• Knowledge of various risk modeling techniques related to trading, liquidity management, and Expected Credit Losses.
• At least 3 years of relevant working experience.
• Willing to be assigned in Makati City, hybrid work set up.