Fresh Jobs at FirstRand Corporate Centre

Job Description

• To conduct internal audits of moderate complexity to evaluate the effectiveness of internal controls and ensure compliance with policies and regulations. Identify risks and control gaps, provide practical recommendations to enhance operational efficiency and strengthen governance.

Are you someone who can:

• Obtain a good understanding of the control environment being audited (including information technology, internal financial control, and risk management related aspects), and the interdependencies linked to this.
• Plan audit assignments based on key process and business risks identified and design the audit program in line with risks and key controls to be tested.
• Incorporate data analytics (DA) to enhance audit planning and create efficiencies in audit fieldwork.
• Execute audit field work in compliance with quality standards by following and completing prepared work programs. Assess the adequacy and effectiveness of governance, risk management practices and internal controls.
• Provide clear and sufficient audit evidence to support recommendations and audit opinion.
• Effective communication with the audit team, audit management and key stakeholders.
• Identify opportunities to improve internal controls, including internal financial controls.
• Identify and clearly articulate the root cause of issues identified and impact thereof and recommend changes to business processes that will address the control weaknesses.
• Prepare a quality and balanced audit report to specified standards, encapsulating the control weaknesses identified and results of audit work performed, with minimal editorial changes.

You will be an ideal candidate if you:

• Qualified CA(SA)/CIA or Bachelor’s degree or equivalent qualification.
• At least 3 years’ experience in internal or external audit preferred.
• Articles and professional certifications will be advantageous
• Experience with data analytics will be advantageous.
• Experience in banking or financial services industries will be an advantage.
   

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Job Description

• Exciting new opportunity in Enterprise Risk Management to join the Model Risk team. Have a good understanding of different types of models and be able to perform tasks that include model independent validation, reporting, presenting at governance committees, shaping of frameworks, researching methodologies, etc, that contribute to the management of model risk.

Role Purpose:

Are you someone who can do: 

Model independent validation and model risk management

• Review and/or reperform model building process.
• Document and communicate independent validation findings, corrective actions and advise on model appropriateness
• Assess the adequacy and/or best practice in strategy, frameworks, policies and business process alignment to modelling practice.
• Present to designated validations committee independent validation outcomes and corrective actions.
• Communicate effectively and maintain a good relationship with key stakeholders.
• Optimize processes through continuous updates to frameworks and governance design.

Education/Qualifications

• Bachelor’s degree (Honours preferrable) in one of the following disciplines: Statistics, Mathematics, Quantitative Risk Management, Engineering, Actuarial science, Data science or similar.

Skills and Competencies

• 2-4+ years of financial modelling, risk modelling and/or model validation experience within a banking context.
• Proficiency in programming languages that can include SAS, SQL, Excel, Python and R.
• Experience with developing the following model types/usage advantageous:
• Scorecard models (Application and Behavioral)
• Credit Risk Regulatory Capital and Provisioning models
• Financial Crime models
• Group Treasury models
• Artificial intelligence models