Audit Officer - Model Validator

About the Job

• Location: Makati City
• Corporate Title: Audit Officer - Model Validator
• Work Arrangement: Hybrid

Our Internal Audit Team is looking for experienced professionals to join us in our Makati City site in the role of Audit Officer - Model Validator.

Your dream. Our focus.

Whether you're just starting out, or already a seasoned professional, EastWest can help you unleash your potential, and bridge the gap between dream to success.

At EastWest, we empower our employees to drive their careers and are committed to provide the runway for them to grow. We value teamwork and individual initiative. Join us and be part of a highly engaged team, and a workplace that promotes development and goal attainment.

Over 29 years, EastWest has emerged as one of the most consumer-focused universal banks in the Philippines. EastWest is committed to continuously invest in people and in process, product, and service enhancements, and embrace new ideas to enhance the EastWest experience.

Key Responsibilities:

• 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
• 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

• Validation of the statistical computation

What we're looking for:

• 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)
• At least 2 years of relevant working experience
• Knowledge of various risk modeling techniques related to trading and liquidity management and Expected Credit Losses
• Strong quantitative and analytical skills.
• Willing to be assigned in Makati City, hybrid work set up.

What you can expect from joining our team:

• Career development and training opportunities.
• Competitive salary package and benefits.
• Performance-based incentives and recognition programs to reward high-performing individuals.
• Opportunity to work with industry experts and be mentored by them.
• Defined career progression paths to guide you in your professional growth.