To lead and review the audit process for enterprise-wide Model Risk for Standard Bank Group in line with the Group Internal Audit strategy to provide independent and objective assurance and advice.
- Develop and maintain a risk assessment on all areas of risk origination and risk management of the business area responsible for, covering all the risk types to inform audit planning and reporting.
- Partner relevant stakeholders in the business area to share and leverage risk management practices, tools and capabilities, and work together towards an aligned and integrated approach to assurance and risk management.
Qualifications
Minimum Qualifications
- Degree in Actuarial Science, Statistics, Mathematics, Quantitative Risk Management or Engineering
- Post Graduate Degree in Actuarial Science, Statistics, Mathematics, Quantitative Risk Management or Engineering
- Relevant professional membership will be required based on specialty
Experience Required
Internal Audit
Internal Audit
- 1-2 years Experience analysing complex sets of data to interpret, visualise and identify trends Understanding of IT controls.
- 5-8 years Planning and executing model risk audits. Managing and engaging with various stakeholders at a Senior Level. Represent the internal audit function at model committee meetings
- 5-8 years Past working experience in reviewing actuarial models across model development, model validation, and usage from a bank, consulting, and external auditing.
- Strong knowledge of actuarial models, ORSA, and IFRS 17 standards.
- Proficiency in actuarial software and tools (e.g., Prophet, Moses, R, Python and SAS).
Additional Information
Behavioral Competencies:
- Developing Strategies
- Documenting Facts
- Establishing Rapport
- Examining Information
- Generating Ideas
- Interacting with People
- Interpreting Data
- Making Decisions
- Meeting Timescales
- Producing Output
- Taking Action
- Upholding Standards
Technical Competencies:
- Audit Project Management
- Business Acumen (Audit)
- IA Data Analysis
- IA Technology Application
- Internal Auditing
- Maintain IA Professional Practices
