Workatele

Head, Internal Audit, Model Risk and Validation at Standard Bank, South Africa

Standard Bank

Head, Internal Audit, Model Risk and Validation at Standard Bank, South Africa

Standard Bank

Full time Job

Date Posted: September 13, 2024

Application deadline:

Expired on: September 13, 2024 5:00pm

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Job description

To lead and review the audit process for multiple portfolio’s and area of specialty in line with the Group Internal Audit strategy to provide independent and objective assurance and advice within a segment or area of expertise to ensure sustainable client centric management of risk across SBG.

  • Contribute to the development and implementation of GIA’s strategy and operating model by applying insights from the SBG strategy and operating model, business unit strategy and operating model, products, services, client-base and competitive environment, industry and wider developments, regulatory environment, business developments and changes, operations, risk management practices and global assurance practices.
  • Assess, identify and report on practices in the audit portfolio which negatively impact client experience and raise recommendations to improve client experience.
  • Contribute to the development of and manage adherence to GIA methodology, policies and processes. Monitor developments in regulatory requirements, professional practices and industry standards to ensure requirements, practices and standards are addressed. Ensure the methodology, practices and processes address  GIA’s mandate and enable highly effective outcomes and efficient practices.
  • Report into portfolio governance committees providing collective audit outcomes and opinions, audit metrics, risk assessments, risk themes, risk insights and risk foresights on the portfolio. Engage across GIA to draw insights from other areas impacting the portfolio.
  • Drive and manage the effective use of GIA  data  for reporting to progressively develop GIA’s impact on the risk and control environment.
Qualifications

Post Graduate Degree in Mathematical Sciences or Quantitative Studies (Min)

Master’s Degree in Mathematical Sciences or Quantitative Studies (Pref)

Relevant professional membership will be required based on specialty (Pref)

Additional Information

Experience Required:

10 Years +: Seasoned incumbent with deep specialist Model Risk Management experience gained from a large complex, international organisation. Able to identify, measure, monitor, manage and report on regulatory compliance for all risk types. Experience in the development, validation and auditing of models.

Behavioral & Technical Competencies:

Making Decisions:This competency is about the pace at which individuals are prepared to make decisions, as well as their willingness to take responsibility for their decisions when under pressure. It also deals with the extent to which individuals are definite about their views and opinions.

Application deadline:

Expired on: September 13, 2024

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