Financial Services Audit Manager - Credit

KPMG-SouthAfrica; Johannesburg; On-site; ZAR 600 000 - 1 000 000; Full time

Job summary

An established industry player in financial services is seeking a dynamic Manager for their Credit Audit team. This role involves leading audits on credit risk, particularly focusing on expected credit losses (ECL) under IFRS 9. You will collaborate with global teams, develop training materials, and enhance audit practices across Sub-Saharan Africa. The position offers a unique opportunity to influence audit quality and operational leadership while building strong relationships with senior management in the banking sector. If you possess a strong understanding of credit risk and are passionate about driving change, this role is perfect for you.

Qualifications

• CA (SA) or equivalent qualification with 3 years' experience.
• Experience in audits or advisory work over ECL.

Responsibilities

• Guide and oversee credit audits of banks focusing on ECL.
• Collaborate with quant credit modelling team for audits and advisory.

Skills

Credit Risk Knowledge

IFRS 9 Understanding

Credit Modelling

Financial Services IT Exposure

Leadership Skills

Communication Skills

Audit Documentation Software Knowledge

Accounting Standards Knowledge

Education

CA (SA) or equivalent qualification

Tools

eAudIT

Clara

Job description

Job Title / Position: Manager Financial Services - Credit Audit Manager

Number of Positions: 1

Function and Business Unit: Financial Services Audit

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. We have created the credit risk group which requires audit managers to work primarily on the corporate and retail credit aspects of banking audits, specifically the determination of expected credit losses (ECL). This requires extensive knowledge and experience with IFRS 9 concepts in relation to banks and to work closely with credit model quants to determine and respond to audit risks as well as provide advisory services to non-audit clients. The credit risk group has been established to invest heavily in the development and training of individuals as well as streamline the credit audit approach globally.

Key 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 material 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.
• Establish the credit risk group and expand service offerings with a growth mindset.
• Interact with audit committee members, credit risk officers and other senior management personnel to build credible relationships.

Skills and Attributes Required for the Role:

• Deep understanding of credit risk, IFRS 9 and banking concepts.
• A 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.
• Knowledge of audit documentation software (eAudIT and Clara).
• Up to date with accounting, auditing standards and global best practice templates.
• Enthusiasm, individual initiative and self-drive.

Minimum Requirements to Apply for the Role:

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