Skip to main content

This job has expired

Audit Specialist: Models & BI

Employer
Be Different Recruitment
Location
Midrand Midrand North Johannesburg, South Africa
Salary
Competitive
Closing date
Jul 13, 2022

View more

Job Role
Auditor
Sector
Finance
Contract Type
Permanent
Hours
Full Time
*Reference: JHB005897-NL-1*

A financial services provider based in Midrand is currently looking for an Audit Specialist: Models & BI to provide guidance and execute specialised audits for the portfolio, including the provision of industry / best practice knowledge to enhance the audit process and the audit report, perform audits / reviews mainly within the credit and collections environments including model risk.
*In order to be considered the following is required:*

* Bachelor's Degree in Finance, Banking, Econometrics, Statistics, Informatics, Mathematics or related fields
* Postgraduate Degree (Finance, Statistics and Mathematics) will be an added advantage
* At least 3 years' experience (including in the Banking / Financial Services industry), with specialization in Credit and/or Model Risk audit. Supervisory experience on audit projects would be an advantage
* At least 3 years' experience in model risk-based auditing or model risk / control activities
* At least 3 years' experience in internal / external audit or commensurate experience in a major financial services institution
* At least 2 years' experience of SAS programming experience
* Knowledge of credit & collections and related models in retail banking environment
* Experience in and prior exposure to credit and model risk is preferred
* Thorough knowledge of bank policies, procedures and practices, particularly within retail banking and related products, with sufficient knowledge of laws and regulations governing banks including but not limited to:

* Banks Act and Banking Regulations
* IIA Standards and Code of Ethics
* IFRS Standards
* Basel IV
* Systems audit knowledge

* Auditing skills
* Proficiency in risk analysis and report preparation
* Analytical skills and experience in data analytics (e.g. ACL, SAS, SQL, IDEA, Advanced Excel)
* Computer literacy (MS packages, Accounting Package, processing systems)
*Responsibilities:
*
*Internal Audit planning:*

* Identify audit needs and areas for review and provide input to Internal Audit Manager regarding the annual plan
* Review Operational Risk and other appropriate documentation prior to commencement of review (including best practice)
* Document processes to obtain an understanding of activities
* Evaluate and score documented inherent risks
* Evaluate and score documented management controls
* Prepare audit programmes and relevant audit tests to be executed for manager approval
*Internal Audit execution and review:*

* Lead audit engagements covering the assigned portfolios including risk assessments, audit planning, audit testing, control evaluation, gather and maintain supporting documentation for each audit and control objective addressed, audit report drafting and follow-up and verification of issue closure
* Conduct review of working papers, report and audit files prepared by Internal Audit Specialists for completeness and quality (where applicable)
* Accountable for meeting deliverables timely, adhering to departmental and professional standards and utilizing consistent methodology
* To provide guidance and execute specialised audits for the portfolio, including the provision of industry / best practice knowledge to enhance the audit process and the audit report
* Execution of sections of the audits where additional specialised skills / expertise is required
*Portfolio Management:*
*
*Stakeholder Engagement:

* Regular Portfolio discussions with key stakeholders.
* Quarterly and annual insights presentation on portfolio to IA team incorporating insights received from engagement with stakeholders
* Portfolio risk assessment discussion prior to mid - year risk assessment and year- end audit planning session (at a GIA level that feeds into the annual audit plan)
Portfolio Reporting:

* Provide regular reporting to IA management and the IA team on:

* Changes in the portfolio's organizational structure and key stakeholders
* Updates from stakeholder meetings (insights), financial performance (aspirations and actuals) and competitors performance
* New products, processes, initiatives and any other significant matters and changes
Portfolio Issues Tracking:

* Ensure outstanding issues log is up to date for the portfolio
* Monthly engagements with owners of actions
* Foresight before issues become overdue and concerns raised in writing at the relevant governance forum
Governance Committees:

* Participate in quarterly meetings with ERM and Compliance in preparation for Combined Assurance meeting, future audits, Combined Assurance, Risk Exco and Audit Committee reporting
Collaboration with other GIA teams:

* Formalised knowledge sharing sessions with other portfolios within GIA
* Investigate, recommend and apply most appropriate audit tools for reviews under the portfolio and within the department
*Treating Customers Fairly and Compliance:*

* Create and maintain productive relationships with internal and external clients by providing insight
* Keep the client informed about progress through written communication, telephone communications, and/or face-to-face meetings
* Build a positive image by exceeding client expectations at all times
* Treat internal and external customers fairly at all times
* Build and maintain key relationships with stakeholders, establishing a culture of engagement while adding value
*Brand building and service delivery:*

* Create and maintain productive relationships with internal clients through continuous conversations and being accessible
* Assist the client to understand their role relating to risks and controls as well as internal audit's role in providing an independent assessment of risks and controls. Encourage management in considering risks in the decision making process
* Keep the client informed about changes in legislation / industry trends and current audit findings through written communication, telephone communications and interpersonal meetings
Information displayed above not limited to advertisement.
Please consider your application as unsuccessful if you have not received a response within 14 days of submitting your application. However, please keep a lookout on our website, [www.bedifferent.co.za](http://www.bedifferent.co.za), for available positions which you may be suited for.

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Create alert