---
title: 'Model Risk Audit Methodology Specialist at Qualysoft'
canonical: 'https://feeny.ai/job/model-risk-audit-methodology-specialist-qualysoft-budapest-gxyjrj068wpn'
type: 'job'
last_seen: '2026-09-07'
---

# Model Risk Audit Methodology Specialist at Qualysoft

- **Company:** Qualysoft
- **Location:** Budapest, Hungary
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-09-04
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.lever.co/qualysoft/0fc8e8c7-c296-4b1b-a172-32d83cf00463

## Job description

Founded in 1999 in Vienna, the Qualysoft Group is a manufacturer-independent IT consulting and services company, which successfully provides support for its international customers with the aim of boosting their competitiveness and economic efficiency through innovative IT solutions.

Its focus is on financial services providers, telecommunications companies, the automotive industry and energy service providers. Over 400 employees in 6 subsidiaries work together to ensure state of the art solutions for our clients.

We are looking for new colleagues in Qualysoft teams for diverse projects providing continuous learning opportunities. Our common goal is to provide honesty, development and a stable background while getting to know the latest technologies. We are waiting for your application for the position below!

Responsibilities:

- Support the QAG team in developing and enhancing audit methodology, quality assurance guidance, and practitioner materials related to Model Risk.
- Translate regulatory requirements, internal audit standards, and QA expectations into practical audit guidance, templates, workpapers, and testing procedures.
- Develop and maintain audit test plans and procedures covering the design adequacy and operating effectiveness of Model Risk Management frameworks and controls.
- Create quality review checklists, sampling approaches, planning tools, and audit documentation standards.
- Support the development of risk-based testing methodologies for Model Risk audits.
- Review and incorporate relevant financial services regulatory expectations, including Model Risk Management guidance and emerging AI and GenAI governance principles.
- Develop practical guidance on the use of GenAI-enabled and prompt-based approaches to support audit testing and Model Risk assessments.
- Prepare training materials and facilitate training sessions for internal audit practitioners and audit teams.
- Coordinate with stakeholders across Internal Audit, QAG/QA, Business, First Line, Second Line, Risk, and Technology functions.
- Support internal audit, quality assurance, and regulatory remediation initiatives related to Model Risk.
- Contribute subject matter expertise to the continuous improvement of Model Risk audit methodology and quality standards.

Requirements:

- Minimum of 5 years of experience in Model Risk within Internal Audit in the financial services industry.
- Minimum of 4 years of experience developing audit methodology, QA guidance, practitioner materials, training materials, or audit templates related to Model Risk.
- Strong understanding of:
- Model Risk Management;
- Model Validation;
- Internal Audit methodology;
- Audit planning and risk assessment;
- Risk-based testing;
- Control design adequacy and operating effectiveness testing.
- Demonstrated experience translating regulatory and Model Risk expectations into practical audit procedures, testing methodologies, sampling approaches, planning tools, and review documentation.
- Strong knowledge of financial services regulatory expectations related to Model Risk Management, including relevant FRB guidance and emerging AI governance principles.
- Experience developing audit test plans, audit procedures, workpapers, and quality review checklists.
- Familiarity with AI and GenAI applications in audit testing, Model Risk assessment, or control evaluation.
- Experience supporting Internal Audit, Quality Assurance, or regulatory remediation programs is preferred.
- Strong written communication skills, with the ability to produce clear and practical guidance for audit practitioners.
- Strong facilitation and presentation skills, with experience delivering training or knowledge-sharing sessions.
- Ability to work effectively across multiple stakeholder groups, including Audit, Business, First Line, Second Line, QA, Risk, and Technology teams.

Why we think you will love working here:

With us you count as a person, our doors are always open. We live the Qualysoft Team Spirit and stand for transparency!

Fresh wind and new ideas are welcome, because standstill is a foreign word at Qualysoft.

## About Qualysoft

## Company Overview
- **One-liner**: Qualysoft is an Austrian IT consulting and software engineering firm delivering end-to-end digital solutions across cloud, AI/ML, data, and business applications.
- **Entity Type**: Private (Privately Held)
- **Headquarters**: Vienna, Austria
- **Founded**: 1999
- **Founders**: Not publicly named (company established 1999 in Austria)

## Core Business
- **Primary Industry**: IT Services and IT Consulting
- **Target Customers**: Large enterprises and Tier-1 industry clients, primarily in BFSI (Banking, Financial Services and Insurance), plus public sector / E-Government; strong B2B focus
- **Mission / Purpose**: "Drives meaningful change through technology, teamwork, and trust" — providing stable, transparent IT partnerships that combine planning, provisioning, billing, and support into automated flows to reduce time-to-market.

## Products & Services
- **Consulting & Development Services (CDS)**: On-demand access to senior engineers, IT consultants, and managed-service teams that design, build, and operate critical systems (custom software engineering, DevOps, QA, and legacy modernization).
- **Microsoft Cloud & Business Solutions (CBS)**: Leverages the full Microsoft ecosystem — Azure, Dynamics 365, M365 — to translate cloud investment into measurable performance and resilience.
- **Business Technology Solutions (BTS)**: Implementation of business applications that reduce costs, streamline processes, and unlock sustainable growth (CRM, ERP, automation, customer experience).
- **E-Government**: Digitalization solutions for public administration and government entities.
- **Cross-Industry Solutions**: Tailored builds for BFSI and other regulated sectors, with compliance-ready architecture (ISO 9001, ISO 27001, GDPR by design).

## Market Standing
- **Valuation / Market Cap**: Not disclosed
- **Key Metric**: 25+ years in software engineering, 2,000+ successful projects, 250+ Tier-1 industry clients; **Total Funding: EUR 80K** (minimal external funding history)
- **Notable Investors / Partners**: Certified partnerships with Microsoft, Tricentis, Creatio, Doxee; ISO 9001 and ISO 27001 certified
- **Growth Signals**:
  - Active job postings: **75**, with **+33.9% YoY** increase in hiring demand
  - Operates across **6 countries** (Austria, Romania, Serbia, Switzerland, United States, Hungary) with workforce distributed across **11 countries**
  - 96% of clients would recommend the company; **97%+ client satisfaction rate**
  - **Conflicting reports on headcount**: company website states "350+ specialists in Central and Eastern Europe," while LinkedIn data reports **207 employees** with -8.8% YoY growth — the higher number may include subcontractors/partner network.

## Competitive Advantages
- **25-Year Track Record**: Longevity and stability in a fragmented IT services market
- **Certified Ecosystem Partnerships**: Deep Microsoft, Tricentis, Creatio, and Doxee partnerships create recurring deal flow and validated delivery capability
- **Compliance-Grade Delivery**: ISO 9001, ISO 27001, and GDPR-by-design give them an edge in regulated BFSI and public-sector deals
- **Nearshore Delivery Model**: 350+ specialists across Central and Eastern Europe offer competitive cost structure with proximity to DACH clients
- **Continuity of Employment**: Unlike pure body-shop competitors, Qualysoft keeps consultants on stable contracts between projects — a differentiator for talent retention

## Strategic Focus
- **Scaling AI/ML and Cloud Engineering**: Current openings emphasize AI Architect, Azure AI/ML Engineer, Databricks AI/ML Engineer — a clear shift toward AI-driven transformation services
- **Deepening Microsoft Stack Dominance**: Dynamics 365 CRM Solution Architect and M365 Engineer roles signal continued investment in the Microsoft ecosystem
- **Geographic Expansion**: Active hiring in Germany, Hungary, and Romania; presence in the US suggests international growth ambitions
- **Rebuilding Leadership Bench**: Recent departures of the Chief Commercial & Technology Officer and Group CIO (May 2026) indicate an ongoing leadership transition; interim HR leadership is in place.

## Why Work Here
- **Project Diversity**: Consultants gain experience across various clients, industries, and technologies — from BFSI to government to enterprise
- **Employment Stability**: Qualysoft explicitly commits to continuous employment, actively finding new internal projects when one engagement ends, avoiding the "bench layoff" pattern common in consulting
- **Flexibility**: Remote, hybrid, or on-site options depending on the project; hybrid roles available in Budapest and other hubs
- **Career Development**: Training, certifications, internal mentoring, and career paths across Software Development, Consulting, Business Applications, Customer Experience, Sales, Finance, and HR
- **International Culture**: Workforce spans 11 countries with English-friendly collaboration; company language and client work are primarily in DACH markets
- **Application Process**: Transparent multi-stage process — CV review, informal recruiter conversation, technical interview(s) with the client (often multiple rounds), then written offer
- **Active Hiring**: 75 open positions across Solution Architecture, AI/ML, SAP, M365, Dynamics 365, and development roles — strong market demand for skilled engineers
- **Notable Talent Flow**: Employees frequently come from EPAM Systems, Deutsche Telekom IT Solutions, IBM, Ericsson, and Oracle; alumni move to Ericsson, Morgan Stanley, and EPAM — indicating a strong professional network

## Sources
1. [qualysoft.com — About Us](https://qualysoft.com/about)
2. [qualysoft.com — Career](https://qualysoft.com/career)
3. [linkedin.com — Qualysoft Company Profile](https://linkedin.com/company/qualysoft)
4. [jobs.lever.co — Qualysoft Job Postings](https://jobs.lever.co/qualysoft)
5. [qualysoft.com — Job Offers](https://qualysoft.com/en/career/job-offers)

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