Audit Portfolio Manager : Model Risk

Communicate Finance; Gauteng; On-site; ZAR 500 000 - 800 000; Full time

Job summary

A financial services provider is seeking a Group Internal Audit Manager in Gauteng to enhance the model risk management framework. This role involves evaluating risk processes and controls, assessing model design, and engaging with stakeholders. Candidates must possess a relevant Bachelor's degree and 5-7 years of experience in model development or quantitative risk audit. Proficiency in programming languages such as SAS, SQL, and R is crucial. The position offers competitive remuneration in a dynamic environment.

Qualifications

• 5-7 years' experience in model development, testing, or quantitative risk audit.
• Proficiency in multiple programming languages.
• Understanding of credit, operational, market, and liquidity risk models.

Responsibilities

• Assess model design, documentation, inputs, implementation, and governance.
• Conduct audit fieldwork and draft comprehensive reports.
• Engage stakeholders and attend key risk committee meetings.

Skills

Model development

Risk management

Stakeholder engagement

Continuous improvement

Education

Bachelor's degree in Business Mathematics, Actuarial, Financial Engineering, Informatics, or Quantitative Risk Management

Tools

SAS

SQL

R

VBA

PYTHON

MATLAB

Job description

Reference : CMF KMc-1Are you an experienced professional in the financial services industry with expertise in model development and risk management?

Our client is seeking a Group Internal Audit Manager to oversee model risk assessment and provide assurance to their stakeholders. Duties & Responsibilities: The Group Internal Audit Manager is pivotal in providing independent assurance to the Board of Directors through the Group Audit Committee. Responsible for evaluating governance processes, risk management practices, and internal control systems, their focus is on mitigating risks that could impede strategic objectives. With a specific emphasis on assessing model risk across multiple domains such as credit risk and financial crime risk, this role strengthens the organisation's risk management framework, ensuring alignment with strategic goals.

Performance Areas (Responsibilities)

• Assess model design, documentation, inputs, implementation, and governance
• Conduct audit fieldwork, document testing, and draft comprehensive reports
• Engage stakeholders, attend key risk committee meetings, and interact with regulatory authorities
• Stay abreast of industry developments and seek out best practices for continuous improvement

Minimum Requirements

• Bachelor's degree in Business Mathematics, Actuarial, Financial Engineering, Informatics, or Quantitative Risk Management
• 5-7 years' experience in model development, testing, or quantitative risk audit
• Proficiency in programming languages (SAS, SQL, R, VBA, PYTHON, MATLAB)
• Understanding of credit, operational, market, and liquidity risk models

Package & Remuneration

R - R - Annually