Financial Services Audit Manager - Credit

Kpmg South Africa; Johannesburg; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading auditing firm in Johannesburg seeks a qualified individual with expertise in credit risk and IFRS 9 for mid-senior level audit roles. Responsibilities include managing audits, developing training materials, and collaborating with quant teams. Required: CA (SA) or equivalent, and at least 3 years’ experience. Opportunities for growth and substantial client interaction are available.

Qualifications

• Minimum 3 years’ experience post-training contract.
• Experience in audits or advisory work over Expected Credit Loss (ECL).

Responsibilities

• Manage credit ECL audits of banks.
• Understand credit modelling and IFRS 9 applications.
• Develop training for Sub-Saharan Africa.
• Collaborate with global firms on credit risk audits.
• Provide leadership in auditing quality and operations.
• Establish and grow the credit risk group.
• Build relationships with audit committees and senior management.

Skills

Credit risk understanding

IFRS 9 knowledge

Leadership

Good communication skills

Team player

Ability to work under pressure

Audit documentation software knowledge

Education

CA (SA) or equivalent qualification

Tools

eAudIT

Clara

Job description

Overview

The Financial Services Audit division provides audit services to the largest banking clients in South Africa. This role is part of the credit risk group, focused on the corporate and retail credit aspects of banking audits, specifically the determination of expected credit losses (ECL). It requires extensive knowledge and experience with IFRS 9 concepts in relation to banks and working closely with credit model quants to determine and respond to audit risks, as well as providing advisory services to non‑audit clients.

Responsibilities

• Guide, project manage and oversee the credit (ECL) audits of banks.
• Understand key technical concepts in relation to credit modelling and the application of IFRS 9.
• Develop training materials and administer training in Sub‑Saharan Africa.
• Work with other global member firms in understanding common credit risk areas and streamlining the audit approach.
• Collaborate closely with the quant credit modelling team in both audits and advisory work to link technical concepts with financial statement and audit requirements.
• Provide technical, audit operational, and audit quality leadership.
• Apply a growth mindset to establish the credit risk group and expand service offerings.
• Interact with audit committee members, credit risk officers and other senior management personnel and build credible relationships.

Skills and Attributes

• Deep understanding of credit risk, IFRS 9 and banking concepts.
• General understanding of credit modelling and approaches.
• Exposure to financial services IT environment.
• Strong leader and team player.
• Ability to work under pressure.
• Good communication (verbal and written) and interpersonal skills.
• Audit documentation software knowledge (eAudIT and Clara).
• Up to date with accounting, auditing standards and global best‑practice templates.
• Enthusiasm, initiative and self‑drive.

Minimum Requirements

• CA (SA) or equivalent qualification.
• At least 3 years’ experience since completion of training contract.
• Experience in audits or advisory work over ECL.

Seniority Level

Mid‑Senior level

Employment Type

Full‑time

Job Location

Johannesburg, Gauteng, South Africa