Internal Auditor - Model Risk

SUMMARY:
A leading South African based financial group that offers a range of retail, business, wealth management, corporate and investment solutions is looking for an Internal Auditor - Model Risk to join their team. If you’re looking to join a team that strongly believes in collaborating with courage, honesty and powerful energy, this is the opportunity for you!

POSITION INFO:

A leading South African based financial group that offers a range of retail, business, wealth management, corporate and investment solutions is looking for an Internal Auditor - Model Risk to join their team.

If you’re looking to join a team that strongly believes in collaborating with courage, honesty and powerful energy, this is the opportunity for you!

JOB & COMPANY DESCRIPTION

The successful candidate will be responsible for:

• Assessing 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.
• 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 the company 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 the significant issues. The observations must be insightful, address the root causes, and have agreed actions that fully mitigate the risk
• Provide feedback to the Audit Manager and audit team with progress and observations raised during the audit by communicating honestly, frequently and effectively.

EDUCATION

The successful candidate must have the following qualifications:

• Honours (Mathematics, Informatics, Statistics) degree
• CIA / CISA certification would be advantageous

JOB EXPERIENCE & SKILLS REQUIRED

• 4/6 years working in Internal/External audit in a major financial institution
• 2-3 years Quantitative Analyst or Risk and Governance Auditor
• Experience within a financial service institute is important
• 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

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If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles/positions.

Thulaganyo Matshwe

Researcher in IT/Internal Audit and Chartered Accountants CA (SA)

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