Model Risk Auditor at Absa Group

Job Duties:
The core responsibility of an auditor within Absa is to execute audit assignments in accordance with the Group Audit Plan and relevant policies, procedures and quality standards.

Other responsibilities include but not limited to:

• Monitor the implementation of Mandates in all Business Areas as per the need for that specific area.
• Ensure optimal positioning of Operational Risk within the business by creating awareness and understanding of operational risk among senior management.
• Advise Line Managers of any Policy and Procedures to be implemented
• 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
• Engage proactively with Internal Audit colleagues Absa Internal Audit (AIA) during assignments and request technical assistance where required. Technical assistance may be requested for the review of the risks and controls to be tested, audit working papers and audit report
• On an ongoing basis throughout the audit, discuss and agree the factual accuracy of audit observations with the Audit Manager and Head of Audit
• Continue to update awareness of risk issues and changes across selected business units from interaction with management and provide feedback to the Audit Manager
• 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

 
Education and Experience:

• 3 years’ experience in model development or model risk management
• 2 years of SAS programming experience
• B Degree (Commercial, Informatics, Statistics); and/or
• CIA (Levels 1,2 or 3)
• Honours (Commercial, Informatics, Statistics)
• CA (SA)
• 3 years’ experience in Internal/External audit or commensurate experience in a major financial institution
• 2 years’ experience in Risk Based Auditing or Risk/Control activities

Should you not hear from us within 2 weeks of application, please note that your application has been unsuccessful.