Skip to main content Skip to job search

Audit Manager - Model Risk

Audit Manager - Model Risk

  • Location: Swindon, Northampton, London, UK Wide
  • Salary: £50,840 - £73,436
  • Contract Type: Permanent
  • Ref: R001400095
  • Closing Date: 28 June 2019

Job description

We need:

  • An Audit Manager - Model Risk, located in either our head offices in Swindon, or our admin offices in Northampton or London
  • Salary: £50,840 to £73,436 per year (depending on skills and experience), plus cash allowance of £4656, based on a permanent, 35 hour per week, contract
  • Please send in your application by 28th June

Do you want to work in a high-profile environment that gives you the opportunity to influence at the highest level? Our team works in a fast paced, member focused, agile audit environment and has an unmatched opportunity to interact with and add value to the largest building society in the world.

We are looking for someone who is up for a challenge – tenacious and positive in your approach, energetic and willing to try new approaches with a learning mind-set. Proven experience in model risk management is important, but you’ll also be someone who displays the right values, attitude and behaviours– not only to fit in with our highly professional and friendly team, but also to be an ambassador for our Community across Nationwide.

This is a permanent role where regular travel to Swindon will be expected as this is where most of the audit team and our core operations are based.

Who we're looking for

We are looking for an experienced manager with a good understanding of the model lifecycle and practical experience of using advanced modelling techniques to support business decisions. Experience in financial services would be of interest but is not essential. Non-audit backgrounds will be considered where the candidate is willing to learn audit techniques, as full training in our audit approach, including the use of agile auditing techniques, will be provided.

As a minimum requirement you’ll need to:

  • Have experience of managing the risks arising from the use of models and be familiar with the controls associated with all aspects of the model life cycle.
  • Understand latest developments including best practice guidelines, technology developments, and regulatory expectations to influence our audit approach and strategy.
  • Have exceptional organisational skills to support deliverables of varying complexity covering model risk related activities, ensuring high quality and full compliance with our methodology.
  • Coach your colleagues to build their skills and confidence, providing feedback and helping them to be their best and deliver efficiently to the highest professional standards.
  • Confidently influence others and build professional business relationships during an audit, showing your proven collaboration and negotiating skills.
  • Be tenacious, positive and brave in your approach to overcome potential barriers with the confidence that you will always be supported to be your most productive and best self.
  • Be comfortable with change and identifying continuous improvements to deliver our strategy.
  • Have, or be willing to complete a relevant professional qualification (for example, the Chartered Institute of Internal Auditors or Institute of Risk Management).

What you'll be doing

Recognised as the ‘go to’ subject matter expert within our Treasury, Finance and Model Risk portfolio, you’ll work collaboratively with colleagues to deliver high quality and impactful audits. This may involve some challenging conversations to agree identified issues, so you’ll feel empowered to effectively challenge whilst building trust and credibility with your stakeholders. This role presents a great opportunity to work in an energetic and productive team, and to further your credibility and reputation with the Senior Leadership teams.

Why IA?
This is an exciting time to join Internal Audit. We are a Community of about 85 employees from a broad range of backgrounds including treasury, finance, risk, IT, transformation and distribution. We believe in supporting and developing our people and, in addition to your development manager, you will have a senior leadership team mentor with whom you can explore longer term development goals and career plans. You will also have the chance to increase your skills, supported by access to an array of training and development opportunities. Most importantly of all, you will work in a team where you are trusted and supported so that you can be your best self and grow during your time in the role.
We are leading the way by embedding agile techniques across our activities to improve the delivery, value and impact of our audit work, driving increased engagement with stakeholders and empowering our staff to perform at their best.

We embrace flexible working, so if you want to work from home sometimes, that’s fine. We believe in getting the job done in the way that works for both us and the business, which means you aren’t expected to be at a desk 9 – 5, Monday to Friday. We pride ourselves in our ‘one team’ approach and our drive for continuous improvement, both of which support our vision of professional excellence and insightful assurance that drives positive change.

The extras you'll get

If you put a lot in, it’s only fair you should get a lot out. So, if you help us do the right thing for our members, we’ll help further your career with us.


As part of our team you’ll get:

  • Access to training to help you progress and develop your technical skills and career
  • Pension scheme where if you pay in 7% we’ll top it up to 23%
  • Life assurance worth 8x your salary
  • 24 days’ holiday plus bank holidays
  • The ability to 'buy’ up to 10 days more holiday
  • Flexible benefits scheme giving you access to discount vouchers at various retail outlets
  • Access to an annual performance related bonus scheme
  • Annual car allowance of £4656
  • If based in London you will receive an additional allowance of £4,687

Work with PRIDE

Princes Responsible Business Network
Stonewall Diversity Champion
Business Disability Forum Member

Why work for us?

At Nationwide, we’re here for our members and we put their needs first in everything we do. And now, more than ever, two things are helping us go from strength to strength: we put our customers first, and we’re known for being open, honest and trustworthy.

We’re also the world’s largest building society, with communities at the heart of everything we do. We aim to do the right thing for our members which helps set us apart from our competitors. But we need good people to help us do it. People who understand what we believe in and have the talent and drive to keep us successful.

At Nationwide we have a strong ethic of care, and a genuine concern for each other and our members. We recognise that our employees feel most appreciated when their thoughts and values are respected and considered. We are committed to creating a culture that recognises and truly values our individual differences and identities. If you’d like to be a part of an inclusive workplace where you can be yourself, where your talents are nurtured, and you feel empowered to contribute then please apply and help us in building society, nationwide.