Specialist Model Risk Auditor - Johannesburg, South Africa - FirstRand

FirstRand

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

About us, purpose, experience and qualifications

about us:

purpose:

experience and qualifications:

A Business Mathematics/Actuarial/Financial Engineering/Informatics/Quantitative Risk Management Degree with majors in Mathematics, Statistics is essential.
An Honours Degree would be advantageous.
Past working experience in a relevant role, i.e. model development, model validation or internal audit.
Knowledge of statistical, financial, risk and quantitative methods
Experience in using relevant software packages such as SAS, R, VBA and MATLAB.
Understanding of Credit, Operational Market and Liquidity Risk models as defined by Basel II & III will be preferable.
A comprehensive understanding of the regulatory frameworks and compliance requirements associated with financial services and experience of working within these

additional requirements:

responsibilities:

Investigating key aspect 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
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 the FirstRand 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 worldclass perspectives and solutions.
Willingness to travel within South Africa and abroad is also essential.