Audit Portfolio Manager: Model Risk

Communicate Finance; Randburg; On-site; ZAR 1,200,000 - 1,500,000; Full time

Job summary

Communicate Finance in Randburg, Gauteng, seeks an experienced Group Internal Audit Manager to oversee model risk assessment across credit and financial crime domains, and to provide independent assurance to the Board.

You will evaluate governance, risk management, and internal controls, conduct audit fieldwork, draft reports, and interact with risk committees and regulators to strengthen the organisation's risk framework.

Qualifications

• 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 SAS, SQL, R, VBA, Python, and MATLAB.
• Understanding of credit, operational, market, and liquidity risk models.

Responsibilities

• Assess model design, documentation, inputs, implementation, and governance.
• Conduct audit fieldwork, document testing, and draft comprehensive reports.
• Engage stakeholders, attend risk committee meetings, and interact with regulatory authorities.
• Stay abreast of industry developments and seek out best practices for 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: CMF002960-KMc-1

Are 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.

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

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

Package & Remuneration

R 1 200 000 - R 1 500 000 - Annually