A Bank that offers a range of retail, business, wealth management, corporate and investment solutions to customers and clients across South Africa is looking for Model Risk Auditor.
A truly African brand, inspired by the people and determined to be always brave, passionate and ready to make Africa proud.
This group Limited is listed on the JSE and is one of Africas largest diversified financial services groups with a presence in 12 countries across the African continent.
JOB & COMPANY DESCRIPTION
The Audit Model Risk Team provides model analytical support to audit engagements. The post holder will assess the effectiveness of internal controls governing models, including inputs, model methodology / framework / processing, model outputs, key assumptions and limitations, and evaluate if models are well-governed and perform as documented in accordance with the Group Audit Plan and relevant policies, procedures and quality standards.
Deliver assigned by the Audit Manager / Head of Audit work to a high quality and in accordance with the requirements of the Quality Assurance scorecard
Perform Issue Assurance testing and documenting of the working papers in accordance with the requirements of the Methodology
Assist the Audit Manager with planning and execution of Design Effectiveness and Operating Effectives Testing, uniformly applying the methodology and quality standards, focusing the work on key risks, with minimum supervision from the audit manager
Develop an in-depth knowledge of Absa and the various business areas and use this knowledge to assess risks and controls through identifying, assessing and documenting risks and controls within these processes
Prepare audit observations and make sure that they are concise, factually accurate and cover all of the significant issues.
The observations must be insightful, address the root causes, and have agreed actions that fully mitigate the risk
On an ongoing basis throughout the audit, discuss and agree the factual accuracy of audit observations with the Audit Manager and Head of Audit.
Provide feedback to the Audit Manager and audit team with progress and observations raised during the audit by communicating honestly, frequently and effectively.
Continue to update awareness of risk issues and changes across selected business units from interaction with management and provide feedback to the Audit Manager
The successful candidate must have the following qualifications :
BCom Degree (Commercial, Informatics, Statistics)
CA (SA), CIA, CISA
JOB EXPERIENCE & SKILLS REQUIRED
5 / 8 years relevant experience in module Risk and / or Internal Audit.
3 years experience in model development or model risk management
Experience in Internal / External audit or commensurate experience in a major financial institution
2 years of SAS programming experience
Experience of Model Validation Capacity, Model Limitations, understanding inputs, assumptions, model analytics, sensitivity analysis, outputs Model Risk Audit Capital Markets is critical to succeed in the role