Senior Audit Manager - Nat B at Auditor-General of South Africa

Apply by: 2 October 2026

Job description

Strategic Function

• Contributes to the development of the BU BSC initiatives.
• Implement the BSC initiatives within the BU.
• Lead as BSC champion on specific BU BSC KPIs.

Audit Portfolio Leadership

• Assume overall responsibility for the planning, execution, completion and reporting of complex financial-sector audits. 
• Develop risk-responsive audit strategies considering each institution’s mandate, business model, funding structure and regulatory environment. 
• Ensure compliance with International Standards on Auditing, AGSA methodology, quality-management requirements and applicable reporting deadlines. 
• Exercise oversight over significant risks, judgements, estimates and contentious accounting or audit matters. 
• Direct group audits involving subsidiaries, associates, joint arrangements and component auditors, including the application of ISA 600. 
• Maintain audit quality through timely reviews, consultations, coaching and resolution of review findings. 

Credit and lending portfolio assurance

• Lead the audit of wholesale, agricultural, infrastructure and small-business loan portfolios. 
• Evaluate loan origination, credit approval, disbursement, monitoring, restructuring, collections and write-off processes. 
• Assess credit-risk governance, including concentration risk, counterparty risk, collateral management and related-party or connected lending. 
• Challenge the design and operation of IFRS 9 complex expected-credit-loss models.

Financial instruments and valuation

• Oversee audits of complex financial instruments, guarantees, derivatives, investments, concessional loans and funding arrangements. 
• Assess classification, recognition, measurement, impairment, modification, derecognition and disclosure under IFRS 7, IFRS 9 and IFRS 13. 
• Evaluate valuation models, discount rates, cash-flow forecasts and fair-value hierarchy classifications. 
• Assess hedge accounting, liquidity management and funding-risk disclosures where applicable. 
• Coordinate the work of credit-risk, valuation, actuarial, legal, information-technology and data-analytics specialists

Prudential and regulatory assurance

The incumbent must have knowledge of: 

• The Banks Act and applicable banking regulations; 
• Financial Sector Regulation Act; 
• Prudential Authority standards, directives and guidance; 
• Basel III capital, liquidity, leverage and risk-management principles; 
• Governance, risk aggregation and regulatory reporting where relevant and any other financial regulatory standards.

Other responsibilities (Applicable to All JD's

• Perform and/or manage other projects, tasks and assignments not stipulated on the Job description as and when required

Minimum requirements

Formal Education

• This position a minimum qualification of CA(SA)

Experience

• Minimum 7 years post qualification experience with at least 4 years’ experience operating at a manager level.
•  Demonstrated experience auditing banks, development finance institutions, credit providers or other complex financial institutions. 
• Strong practical experience with IFRS 9, IFRS 7, IFRS 13 and consolidation or group-audit requirements. 
• Experience auditing large loan books, expected-credit-loss models and complex accounting estimates. 
• Sound knowledge of the PFMA, Treasury Regulations and the Public Audit Act.