Senior Audit Manager (with FEG experience)

KPMG South Africa; South Africa; On-site; ZAR 400,000 - 500,000; Full time

Job summary

A leading audit firm in South Africa is seeking a Senior Audit Manager to oversee audit services for large banking clients. The role requires previous experience in Global Markets audits and strong IFRS knowledge. The ideal candidate will have at least 4 years of post-qualification experience and a CA(SA) qualification. This position offers a dynamic work environment with opportunities for leadership and professional growth.

Qualifications

• At least 4 years of experience since completion of training contract.

Responsibilities

• Manage and oversee the planning and running of large audits.
• Engagement with group auditors on audit matters.
• Provide IFRS technical and audit quality leadership.
• Present audit findings to clients.
• Demonstrate commitment to audit quality.
• Review work performed by junior resources.

Skills

Understanding of accounting under IFRS

Deep understanding of audit risks in banking

Good organisation skills

Strong leadership

Ability to work under pressure

Good communication skills

Up to date with financial services industry knowledge

Enthusiasm and initiative

Education

CA (SA) or equivalent qualification

Job description

Job title/position:

Senior Audit Manager (with FEG experience) - Financial Services

Number of positions:

One

Function and Business Unit:

Financial Services - Banking

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. 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.