Audit Manager (FEG (with global markets experience)

KPMG South Africa; South Africa; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A major financial services firm in South Africa is seeking an Audit Manager with expertise in Global Markets and strong IFRS knowledge. The successful candidate will manage large audits, ensuring high-quality standards and engaging with various specialists and clients. This role requires a CA (SA) qualification and a minimum of 2 years of post-training contract experience.

Qualifications

• At least 2 years of experience since completion of training contract.

Responsibilities

• Manage and oversee large audits of banks.
• Engage with group auditors on audit matters.
• Liaise with specialists regarding their scope on engagement.
• Provide technical leadership with a focus on audit quality.
• Present audit findings to clients.
• Manage staff and resources for audit planning.

Skills

Understanding of accounting under IFRS

Deep understanding of audit risks in banking

Strong leadership

Good organization skills

Ability to work under pressure

Good communication skills

Up to date with financial services knowledge

Education

CA (SA) or equivalent qualification

Job description

Job title/position:

Financial Services - Audit Manager (with global markets experience)

Number of positions:

2

Function and Business Unit:

Financial Services - Banking

Description of the role and purpose of the job:

The Financial Services Audit division provides audit services to the largest banking clients in South Africa. Audit managers are required to guide, manage and oversee the planning, staffing and supervision of audits of large banking clients. This specific role will also be responsible for managing Global Markets division audits at banks. We aim to provide clients with audits of the highest quality that add value to their business.

Key responsibilities:

• Manage and oversee the planning and running of a large audit of a bank/division of a bank, including global market/treasury divisions.
• Engagement with group auditors/fellow joint auditors with respect to cross reviews/ISA 600 responsibilities on audit matters.
• Liaise with specialists, including actuaries, tax professionals and IT auditors regarding their involvement and scope on the engagement and determining the impact on the audit approach of any findings they might raise
• Provide IFRS technical, audit operational and audit quality leadership with a focus on professional scepticism
• Presenting audit findings relating to the respective engagement to clients as well as assisting with audit committee document submission.
• Management of staff with respect to equitable planning of resources and ensuring that teams are adequately transformed
• Demonstrate a strong tone and culture supporting audit quality through a commitment to maintain objectivity, professional scepticism, ethics and integrity.
• Have the operational accountability and responsibility to drive audit quality in response to the needs of stakeholders and external regulators
• Reviewing the work performed by junior resources to ensure that the various audit risk factors have been accurately addressed and documented
• Communicate with the highest levels of staff at the client
• Take commercial and contractual responsibility for managing engagement billings, collections and identification of overrun opportunities

Skills and attributes required for the role:

• Understanding of accounting under IFRS, especially as it relates to IFRS 9 financial instruments
• Deep understanding of the audit risks within a banking environment
• Good organisation skills
• Able to see the bigger picture
• Strong leader
• Team player
• Ability to work under pressure
• Good communication (verbal and written) and interpersonal skills
• Up to date with financial services industry knowledge and processes, auditing standards and global best practice templates
• Enthusiasm, individual initiative with self-drive

Minimum requirements to apply for the role (including qualifications and experience):

• CA (SA) or equivalent qualification, and has at least 2 years of experience since completion of training contract.