In the past, financial model audit has been treated as a training ground.
Traditionally the brightest and best start in audit and move on quickly to the more ‘glamorous’ model build and advisory assignments.
Leaving behind the less-motivated and less-talented to continue with the ‘mundane’ audit work.
With respect, we believe that this approach is ALL WRONG!
Every model for a major transaction is complex. Complexity brings risk. Managing that risk needs experts who know where to look and what to look for, and who understand what good and bad modelling looks like.
To be a great model auditor, you need to be a great modeller!
You need to be able to build models yourself to really put yourself in the shoes of your client. You need to understand what is important and what is not. What needs to be fixed and what can be left alone given time pressures. You need to be able to help your client fix problems, not just point them out.
You need to not only understand what there is in the model, but also what is not there. You need to have a feel for what looks right and what looks off. This can only really come with experience.
For us, model audit is core to what we do and we treat it with the respect it deserves. All of our best people work on audit and build assignments. We make sure that everyone that joins our team gets market-leading training and experience on both sides.
If you think you have what it takes to work for a truly great model audit team. Get in touch.
