Senior Audit Manager - Model Risk

What is the opportunity?

This is an exciting opportunity to join Group Internal Audit (GIA) as a Senior Audit Manager specialising in Model Risk. GIA forms the third line of defence for Bank of Ireland and plays a key role in helping make the Bank better through independent assurance. In this role, you will lead model risk audits across the first and second lines of defence, working closely with senior partners, regulators and governance forums, while shaping assurance over one of the Group's principal risks.

In this role, you will:

• Lead the scoping, planning, delivery and reporting of model risk audit engagements across the first and second lines of defence, including Model Development, Independent Validation and Model Risk Management.
• Assess the effectiveness of model risk frameworks, controls and governance through high quality, risk based audits.
• Manage audit engagements to agreed timelines, budgets and resource plans, keeping the Head of Audit informed of progress and key issues.
• Build strong, constructive relationships with auditees and senior partners, agreeing findings and outcomes throughout the audit lifecycle.
• Coach and mentor colleagues, supporting consistent delivery in line with GIA methodology and use of Audit Board.

What will make you stand out?

You bring deep expertise in model risk management within a banking or financial services environment and are comfortable working across complex governance structures. You can clearly explain technical topics to senior audiences and influence outcomes through collaboration rather than authority. Your experience spans regulatory expectations impacting model risk, such as Capital Requirements Regulation and IFRS 9, and you enjoy staying close to evolving standards. You are an inclusive people leader who develops others and creates an environment of learning and trust. Strong judgement, curiosity and clear report writing help you deliver assurance that is practical, insightful and valued by executive and Board stakeholders.

Experience with the following will help you stand out but is not required to apply for this role:

• Use of statistical tools such as SAS, Python or R.
• Engagement with regulators, supervisors or external auditors on model related matters.

Essential qualifications

A third level qualification in a quantitative discipline relevant to model risk management, and a recognised audit or accountancy qualification (CIA, CISA, ACA or ACCA), completed or in progress.

More about the team

The Financial Risk Audit Team is a core part of Group Internal Audit, delivering assurance across key financial risks within Bank of Ireland. The team works closely with the Head of Audit and senior partners to provide independent insight that supports strong decision making and effective risk management. Model risk is a Level 1 principal risk for the Group, and this role sits at the centre of that assurance activity, while also offering exposure to other financial risk areas as business needs evolve.

This is a hybrid role, based primarily at Baggot Plaza, Dublin. We typically ask colleagues to spend a minimum of 8 days per month working in person to support collaboration and connection. Specific arrangements will be confirmed by your recruiter to ensure they meet the needs of the role and team.

Why work with us

The Bank of Ireland company culture prioritises work life balance with a commitment to hybrid working, along with 25 days annual leave and excellent pension contributions.

Family can mean different things to different people; we offer 6 months paid maternity leave, an innovative fertility and surrogacy policy along with working parent and carer supports.

Key Competencies

• Customer Focused - Self
• Better together - Self
• Be Decisive - Self
• Take Ownership - Self
• Manage Risk - Self

We welcome applications from people of all backgrounds, lived experience, abilities and perspectives. We provide reasonable accommodations at every stage of our recruitment process for disabilities, neurodivergence or medical conditions. If you require an accommodation please complete this form and one of our recruitment team members will be in touch via email. Any information provided will be treated as confidential within the recruitment team and used only for the purpose of determining and providing appropriate accommodations for the application and recruitment process.