Senior Audit Manager (with FEG experience)

ACCA Careers; Brakpan; On-site; ZAR 800,000 - 1,000,000; Full time

Job summary

A leading financial services provider is seeking a Senior Audit Manager to oversee significant audits within the banking sector. The role demands strong IFRS knowledge, leadership capabilities, and at least 4 years of relevant experience. The successful candidate will manage audit quality and engage with various stakeholders, ensuring audits add value to clients. This position offers a collaborative work environment with considerable responsibility.

Qualifications

• CA (SA) or equivalent qualification, with at least 4 years of experience.
• Deep understanding of audit risks in a banking environment.
• Up to date with auditing standards and financial services processes.

Responsibilities

• Manage audits of large banking clients and ensure audit quality.
• Engage with auditors for cross reviews and audit matters.
• Present audit findings to clients and audit committees.

Skills

Understanding of accounting under IFRS

Understanding of audit risks in banking

Good organisation skills

Strong leadership

Team player

Communication skills

Financial services industry knowledge

Self-motivation

Education

CA (SA) or equivalent qualification

Job description

Overview

Job Title/position: Senior Audit Manager (with FEG experience) - Financial Services

Number Of Positions: One

Function And Business Unit: Financial Services - Banking

Description

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, and Global markets and or derivatives audit experience is therefore an imperative. 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, especially within a global markets division
• 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 4 years of experience since completion of training contract.