Internal Auditor - Model Risk

SUMMARY:
A Well-known financial entity based in Johannesburg is looking for a qualified Internal Auditor who will be dealing with the Model Risk department for the group and who is well versed in quantitative analysis and statistical tools which can be used to aid their testing

POSITION INFO:

Qualifications:

• CA (SA), CIA, CISA or international equivalents
• B Degree Honours (Informatics, Statistics, Mathematics)
• 3 Years’ Experience in Model Development or Model Risk Management
• 3 years’ experience in Internal/External audit or commensurate experience in a major financial institution a MUST
• 2 years’ experience in model risk-based auditing or model risk/control activities a MUST
• 2 years’ experience of managing a team a MUST
• 2 years of SAS programming experience a Must

Skills

• Model analytical support to audit engagements
• Experience of Model Validation Capacity
• Model Limitations
• Understanding inputs, assumptions, model analytics, sensitivity analysis, outputs Model Risk Audit Capital Markets is critical

Job description:

• 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 prepare proper reports accordingly
• 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 to ensure they are concise, factually accurate and cover all significant issues.
• Update awareness of risk issues and changes across selected business units from interaction with management and provide feedback to the Audit Manager

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