- Credit risk models
- Market risk models
- IFRS9 Models
- Pricing models
- Liquidity risk models
- Pillar II Risk Models
- Stress testing models
- Regulatory and Economic capital models
- Financial Crime Risk Models
- Reviewing key aspects of each model under review: model design, model documentation, quality of model inputs, model implementation and model governance
- Performing audit fieldwork in terms of the audit program.
- Documenting the audit testing performed.
- Stakeholder engagements on audit issues identified.
- Drafting of audit report: including executive summary and detailed audit findings.
- Evaluating and monitoring of corrective actions taken to address control weaknesses identified.
- Attendance of key risk committee and technical risk committee meetings where relevant
- Interaction with the regulating authorities on model related matters.
- Maintaining awareness of risk issues and changes across business units within Nedbank Group, as well as the Financial Industry
- Seeking out internal and external best practice information to improve the quality of audits and provide customers with world-class perspectives and solutions.
- Reporting significant issues related to the processes for controlling the activities of the Group whilst considering key/or emerging risks in annual audit plan.
- Ensuring continuous improvement of the quality of audits through providing professional insights;
- Providing insights from the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee.
- Maintaining an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders including Institute of Internal Audit, SARB, External Audit and Business Executives.
- Building rapport and understand client current business reality, requirements, risks, and expectations and consider key and/or emerging risks in annual audit plan.
- Ensuring that billable hours, budgets, and resources are optimally planned, and quality audits are delivered.
- 3 years + extensive experience in model development, testing and validation or Model/Quantitative risk Audit (preferably within the banking or similar financial services industry);
- Ability to operate independently with minimal supervision;
- Knowledge of statistical, financial, risk and quantitative methods;
- Proficiency in programming software packages such as SAS, SQL, R, VBA, PYTHON and MATLAB.
- Understanding of credit, operational, market and liquidity risk models as defined by Basel II & III will be advantageous
- A comprehensive understanding of relevant financial services regulatory frameworks and compliance requirements as well as practical experience of these.
- Knowledge relating to Corporate Investment Banking including Market Risk.
- Extensive internal/external audit and / or risk management experience in banking;
- Actuarial and/or Market Risk experience.
- Advanced Diplomas/National 1st Degrees
- A Business Mathematics/Actuarial/Financial Engineering/Informatics/Quantitative Risk Management Degree with majors in Mathematics and Statistics is essential.
- A post graduate degree would be advantageous
- Audit reporting
- Audit standards and practices
- Banking knowledge
- Governance, Risk and Controls
- Ethics and Fraud
- Reputational risk management
- Information technology
- Business writing skills
- Regulatory, Legal and Economics Principles
- Business Acumen
-
Specialist Model Risk Auditor
11 hours ago
FirstRand Johannesburg, South AfricaAbout us, purpose, experience and qualifications · **about us**: · **purpose**: · - Credit risk models · - Market risk models · - Operational risk models · - Pricing models, · - Liquidity risk models · - Pillar II Risk Models · - Stress testing models · - Regulatory and Economic ...
-
Manager Model Risk Validation
1 week ago
Absa Bank Limited Johannesburg, South AfricaBring your possibility to life Define your career with us · - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to rese ...
-
Internal Auditor Model Risk
1 week ago
Absa Bank Limited Johannesburg, South AfricaEmpowering Africa's tomorrow, together one story at a time. · - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to re ...
-
Analyst Model Risk Validation
1 week ago
Absa Bank Limited Johannesburg, South AfricaBring your possibility to life Define your career with us · - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to rese ...
-
Manager Model Risk Monitoring
1 week ago
Absa Bank Limited Johannesburg, South AfricaEmpowering Africa's tomorrow, together one story at a time. · - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to re ...
-
Audit Portfolio Manager: Model Risk
1 week ago
Nedbank Johannesburg, South Africa**Requisition Details & Talent Acquisition Consultant** · - REQ Tshego Semenya**Cluster** · - Group Risk**Career Stream** · - Auditing**Leadership Pipeline** · - Manage Self Professional**Position** · - Audit Portfolio Manager: Model Risk**Job Purpose** · - To deliver on the annu ...
-
Model Risk Release, Control and Governance
4 days ago
Absa Bank Limited Johannesburg, South AfricaBring your possibility to life Define your career with us · - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to rese ...
-
Nedbank Johannesburg, South Africa**Requisition Details & Talent Acquisition Contact** · Tshegofatso Semenya- Closing Date: Job Family- Investment Banking · - Career Stream- Quantitative · - Leadership Pipeline- Manage Self: Professional · **Job Purpose** · - To develop and maintain best practice models and asses ...
-
Quantitative Manager: Risk Price Modelling
11 hours ago
International Development Corporation (IDC) Sandton, South Africa**A permanent position exists at our Head office in Sandton for a Quantitative Manager: Risk Price Modelling within the Credit Risk Department reporting to the Head: Credit Risk** · **JOB PURPOSE** · To focus on the development, management as well as maintenance of rating, pricin ...
-
Audit Portfolio Manager: Model Risk
1 week ago
Nedbank Johannesburg, South Africa Full timeJob Classification · REQ Tshego Semenya · Location: Johannesburg · Closing date: 13 March 2024 · Cluster · Group Internal Audit · Career Stream · Auditing · Leadership Pipeline · Manage Self Professional · Position · Audit Portfolio Manager: Model Risk (Credit Risk) · Job Purpos ...
-
Audit Portfolio Manager: Model Risk
1 week ago
Nedbank Johannesburg, South AfricaJob Classification · REQ Tshego Semenya · Location: Johannesburg · Closing date: 13 March 2024 · Cluster · Group Internal Audit · Career Stream · Auditing · Leadership Pipeline · Manage Self Professional · Position · Audit Portfolio Manager: Model Risk (Credit Risk) · Job Purpos ...
-
Audit Portfolio Manager: CIB Model Risk
1 week ago
Nedbank Johannesburg, South AfricaRequisition Details & Talent Acquisition Contact · REQ Tshego Semenya · Location: Johannesburg · Closing date: 12 March 2024 · Cluster · Group Internal Audit · Career Stream · Auditing · Leadership Pipeline · Manage Self Professional · Position · Audit Portfolio Manager: CIB ...
-
TalentCru Sandton, South AfricaWithin the Risk Governance Portfolio Management function of Group Risk, the Quantitative Management team is responsible for the development, oversight, and embedment of the credit risk measurement models for the Corporation. · *PLEASE NOTE THAT THIS A 18 MOTNHS FIXED TERM CONTRAC ...
-
Audit Portfolio Manager
1 week ago
Nedbank Johannesburg, South Africa**Requisition Details & Talent Acquisition Consultant** · - REQ Tshegofatso Semenya**Job Family** · - Risk, Audit and Compliance**Career Stream** · - Auditing**Leadership Pipeline** · - Manage Self Professional**PURPOSE OF GROUP INTERNAL AUDIT (GIA)** · - The purpose of GIA is to ...
-
Audit Portfolio Manager
1 week ago
Nedbank Johannesburg, South Africa**Requisition Details & Talent Acquisition Consultant** · - REQ Tshegofatso Semenya**Job Family** · - Risk, Audit and Compliance**Career Stream** · - Auditing**Leadership Pipeline** · - Manage Self Professional**PURPOSE OF GROUP INTERNAL AUDIT (GIA)** · - The purpose of GIA is to ...
-
Senior Quantitative Analyst
1 week ago
Nedbank Johannesburg, South Africa**Requisition Details & Talent Acquisition Contact** · - REQ Tshego Semenya**Cluster** · - Group Risk**Career Stream** · - Quantitative · - Leadership Pipeline- Manage Self: Professional · **Position** · - Senior Quantitative Analyst: Model Risk Management**Job Purpose** · - The ...
-
Quantitative Credit Analyst
1 week ago
Moving Heads Personnel Johannesburg, South AfricaResponsible for the investment strategy of shareholder assets in SA with oversight role across ROA and the organisation. The credit function within the Investment Strategy team is responsible for cR110bn of assets spanning wholesale credit, various businesses, investment portfoli ...
-
Internal Audit Manager
1 week ago
Absa Bank Limited Johannesburg, South AfricaEmpowering Africa's tomorrow, together one story at a time. · - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to re ...
-
Senior Analyst, Erm Analytics, Ame
5 days ago
Standard Chartered Johannesburg, South Africa**Job***: Governance, Risk Management & Compliance · **Primary Location***: Africa & Middle East-Kenya-Nairobi · **Other Locations***: Africa & Middle East-South Africa-Johannesburg · **Schedule***: Full-time · **Employee Status***: Permanent · **Posting Date***: 14/Jun/2023, 5:0 ...
-
Quantitative Analyst
1 week ago
Nedbank Johannesburg, South Africa**Requisition Details & Talent Acquisition Contact** · - REQ Tshego Semenya- Closing date: 7 August 2023**Cluster** · - Group Risk**Career Stream** · - Quantitative · **Leadership Pipeline** · - Manage Self: Professional · **Position** · - Quantitative Analyst: Model Risk Managem ...
Audit Portfolio Manager: CIB Model Risk - Johannesburg, South Africa - Nedbank
Description
Requisition Details & Talent Acquisition ContactREQ Tshego Semenya
Location: Johannesburg
Closing date: 12 March 2024
Cluster
Group Internal Audit
Career Stream
Auditing
Leadership Pipeline
Manage Self Professional
Position
Audit Portfolio Manager: CIB Model Risk (Market Risk)
Job Purpose
To deliver on the annual audit plan thereby providing reasonable assurance to stakeholders that key risks are being mitigated through adequate and effective management controls in accordance with Group Internal Audit (GIA) methodology.
Each model audit assesses: model design, model documentation, quality of model inputs and data, model implementation (usage) and model governance. It assesses the following models:
Job Responsibilities
Preference will be given to candidates from the underrepresented groups
Please contact the Nedbank Recruiting Team at
Please contact the Nedbank Recruiting Team at
If you can't find the job you're looking for, activate job alerts to be one of the first to know when new positions open up.