About Company
Swedbank is a leading bank in Sweden, Estonia, Latvia, and Lithuania, offering a wide range of financial services to private and corporate customers. Our vision is to empower people and businesses to create a better future. We are dedicated to building a sustainable and inclusive society by fostering long-term relationships, driving innovation, and providing secure and user-friendly banking solutions. With a strong commitment to our values of Open, Simple, and Caring, we strive to be a responsible corporate citizen, contributing positively to the communities we serve. Joining Swedbank means becoming part of an international team that values professional development, collaboration, and making a real impact on millions of lives daily.
Job Description
Are you a highly motivated individual with a sharp analytical mind, looking to launch your career in the dynamic world of financial services and risk management? Swedbank is excited to offer an exceptional opportunity for an ‘Internal Auditor – Training Provided’ to join our dedicated Internal Audit team in Riga, Latvia. This role is perfect for ambitious graduates or professionals early in their careers who possess a strong desire to learn and grow within a leading financial institution. We understand that a solid foundation is key to success, which is why comprehensive training and mentorship will be provided to equip you with the necessary skills and knowledge to excel in internal auditing.
As an Internal Auditor, you will play a crucial role in enhancing the effectiveness of Swedbank’s governance, risk management, and internal control processes. You will gain invaluable experience across various banking functions, understanding how different departments operate and contribute to the bank’s overall stability and success. This is more than just a job; it’s a structured pathway designed to transform you into a skilled audit professional. You will work alongside experienced auditors, contributing to real audits from day one, learning best practices, and developing critical thinking skills that are highly sought after in the financial industry. This position offers a unique chance to develop a profound understanding of banking operations, regulatory compliance, and risk assessment while being part of a supportive and knowledge-sharing environment. If you are eager to learn, detail-oriented, passionate about ensuring integrity and efficiency, and ready to embrace a challenge, this role offers an unparalleled entry point into a rewarding career.
Key Responsibilities
- Participate in the planning and execution of internal audit engagements under the guidance of senior auditors.
- Conduct thorough research and gather information to understand complex business processes, identified risks, and the effectiveness of existing controls.
- Perform testing of internal controls and meticulously analyze operational and financial data to identify control deficiencies, process breakdowns, and areas for improvement.
- Document audit findings clearly, concisely, and accurately, preparing robust work papers that adequately support audit conclusions and recommendations.
- Assist in drafting comprehensive audit reports, ensuring accuracy, objectivity, and strict adherence to professional auditing standards and internal methodologies.
- Actively follow up on the implementation of audit recommendations to ensure timely and effective remediation of identified issues and risks.
- Stay continuously updated with industry trends, evolving regulatory changes, and global internal audit best practices through dedicated learning and professional development initiatives.
- Collaborate effectively and transparently with audit team members and stakeholders across different business units, fostering strong working relationships.
- Contribute to the continuous improvement of the Internal Audit function's methodologies, tools, and processes, enhancing overall efficiency and effectiveness.
Required Skills
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a closely related quantitative field.
- Strong analytical and critical thinking abilities with a keen eye for detail and problem-solving.
- Excellent written and verbal communication skills in English, suitable for professional documentation and stakeholder interaction.
- Proficiency in Microsoft Office Suite (especially Excel for data analysis, Word for reporting, and PowerPoint for presentations).
- High level of attention to detail and accuracy in all tasks.
- Demonstrated ability to learn quickly, adapt to new concepts, and thrive in a structured learning environment.
- Strong ethical compass and an unwavering commitment to integrity and confidentiality.
Preferred Qualifications
- Basic theoretical understanding of financial services or banking operations.
- Fluency in Latvian (advantageous for local stakeholder engagement but not mandatory).
- Familiarity with risk management principles, internal control frameworks (e.g., COSO), or compliance regulations.
- Experience with data analysis tools or techniques (e.g., SQL, Power BI, Python basics).
Perks & Benefits
- Comprehensive and structured training and development programs tailored for new auditors.
- Dedicated mentorship from experienced and senior audit professionals.
- Significant opportunities for accelerated career growth and advancement within a leading international bank.
- Competitive salary package complemented by performance-based bonuses.
- Robust health and accident insurance coverage.
- Modern, ergonomic, and highly collaborative work environment in the heart of Riga.
- Flexible work arrangements (where applicable and role-appropriate).
- Exclusive employee discounts on various banking products and services.
- Access to wellness programs, sports benefits, and corporate social events.
How to Apply
Interested candidates are encouraged to apply by clicking the link below. Please submit your comprehensive CV and a compelling cover letter outlining your interest in the Internal Auditor role and why you believe your skills and eagerness to learn make you a strong fit for Swedbank. Be sure to highlight your analytical capabilities and passion for integrity, even if you currently lack direct audit experience. We look forward to receiving your application and potentially welcoming you to our team!