The Job

Internal Auditor – Financial risks and models

Finance, Banking & Legal · Banking & Investments · Risk Management · Compliance & Regulatory

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In short

Swedbank is seeking an Internal Auditor in Stockholm with expertise in financial risks and models. The role involves conducting risk-based audits, evaluating controls, assessing quantitative methodologies, and collaborating with stakeholders. The position requires a degree in a relevant field and professional experience in financial risk areas or auditing.

Responsibilities

  • Conduct risk-based audits across capital adequacy, liquidity risk, funding, financial reporting, valuation of financial instruments, and related financial models.
  • Evaluate governance, risk management, and internal controls within key areas such as CFO Office and Group Risk functions.
  • Challenge and assess quantitative methodologies, model assumptions, valuation approaches, and risk measurement frameworks.
  • Assess compliance with regulatory requirements and internal policies.
  • Identify potential risks, control weaknesses, and their root causes, providing actionable recommendations.
  • Prepare detailed audit reports documenting findings and recommendations.
  • Collaborate with model stakeholders across various departments.
  • Stay updated on industry best practices, regulatory developments, and emerging trends.
  • Contribute to the annual and continuous risk assessment process, audit planning, and reporting to senior management and the Board.
  • Assist senior management in identifying sustainable improvements that support the Bank's strategic transformation.
  • Collaborate with team members to continuously develop audit methodologies and share knowledge.

Requirements

  • Degree in Finance, Accounting, Economics, Econometrics, or a related field.
  • Relevant professional experience within one or more of the following areas: capital adequacy, liquidity risk, financial reporting, valuation of financial instruments, risk modelling (e.g., IRB, market risk, IFRS 9), or internal/external audit of financial institutions.
  • Strong analytical mindset with attention to detail, independence in judgment, and an understanding of quantitative methods.
  • Strong written and verbal communication skills; ability to prepare structured reports and present complex information clearly.
  • Team player with a service-minded approach and ability to collaborate effectively.
  • Familiarity with relevant regulatory frameworks (e.g., CRR/CRD, ICAAP, ILAAP, FRTB, IFRS 9, IFRS 13, EBA guidelines) and governance principles.

Desired Qualifications

  • Experience from BIG 4 audit firms is a plus.
  • Experience with statistical analysis or model evaluation is an advantage.
  • Hands-on experience with model validation, risk management, or financial reporting processes within a bank or financial institution is a plus.
  • In-depth knowledge of regulatory frameworks is a plus.
  • Experience with or interest in risk assessment processes, audit planning, and strategic improvement initiatives within a financial institution is a plus.
  • Experience with relevant analytical tools or programming languages (e.g., Python, R, SAS, SQL) is an advantage.

Benefits

  • Personal and professional growth through self-leadership and continuous development.
  • Meaningful work that positively impacts our workplace, our customers, and society.
  • An open and collaborative culture that encourages cross-functional teamwork and provides networking opportunities.
  • A supportive and inclusive environment that promotes a balanced and sustainable work-life, with flexible working conditions.
  • Benefits such as our share based reward program Eken, company pension plan, employee offer for banking products, health insurance.
#Risk management#compliance#legal#internal audit#financial risks#financial models#quantitative expertise#advisory#Nordic bank#capital adequacy#liquidity risk#funding#financial reporting#valuation of financial instruments#IRB models#market risk models#IFRS 9 credit provisioning models#CFO Office#Group Risk#quantitative methodologies#risk measurement frameworks#regulatory requirements#internal policies#control weaknesses#audit reports#model stakeholders#industry best practices#EBA guidelines#CRD#CRR#ICAAP#ILAAP#FRTB#IFRS 13#SAS#Python#R#SQL
Swedbank Logo

Company

Swedbank

Job Posted

4 days ago

Expires

in 2 weeks

Employment Type

Full Time

WorkMode

Hybrid

Experience Level

Mid-Senior

Locations

Sundbyberg, Sweden

Stockholm, Sweden

Qualification

Bachelor

Applicants

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