Internal Auditor (Model / Credit - Risk Management)

Job Description

MNC Bank in Bangalore looking for Internal Auditor (MRM and CRM) This position ispecifically focused on Model Risk Management (MRM) . The AVP will support the execution of end-to-end audit processes related to models, including planning, fieldwork, reporting, and issue validation. The role also emphasizes evaluating the design and operational effectiveness of controls , assessing model governance frameworks , and ensuring compliance with internal audit methodology , regulatory expectations, and industry best practices. The ideal candidate brings 10+ years of experience in internal audit or risk functions within financial services, with specialized exposure to model risk management . They must also demonstrate strong analytical, quantitative, and communication skills and be comfortable engaging with stakeholders at all levels. Key Responsibilities: Conduct audits related to Model Risk Management (MRM) and validate controls. Review model documentation, validation, implementation, and governance frameworks . Communicate findings and audit issues effectively to senior stakeholders. Prepare and document audit workpapers that are re-performance ready. Validate remediation of previously identified issues. Support regulatory compliance and internal audit standards. Key Skills & Qualifications: Masters in Statistics, Economics, Financial Engineering , or a quantitative field. CPA, CIA, FRM preferred (or willingness to pursue certification). Deep understanding of model lifecycle, risk controls , and regulatory expectations (SR 11-7, OCC 2011-12, etc.). Strong hands-on skills with tools like Python, R, SAS, SQL, Excel/VBA . Experience with Monte Carlo simulations, regression, machine learning is an added advantage. Familiarity with US regulatory standards around model risk. Strong interpersonal and stakeholder management skills.