Financial Services – Credit Audit Manager needed at KPMG South Africa

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Job title : Financial Services – Credit Audit Manager

Job Location : Other,

Deadline : July 13, 2024

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Job Description

  • The Financial Services Audit division provides audit services to the largest banking clients in South Africa. We have created the credit risk group which requires audit managers to work primarily on the corporate and retail credit aspects of banking audits, specifically the determination of expected credit losses (ECL). This requires extensive knowledge and experience with IFRS 9 concepts in relation to banks and to work closely with credit model quants to determine and respond to audit risks as well as provide advisory services to non-audit clients. The credit risk group has been established to invest heavily in the development and training of individuals as well as streamline the credit audit approach globally.  

Key responsibilities:

Credit managers are required:

  • To guide, project manage and oversee the credit (ECL) audits of banks.
  • To understand key technical concepts in relation credit modelling and the application of IFRS 9.
  • To develop training material and administer training in Sub-Saharan Africa.
  • To work with other global member firms in understanding common credit risk areas and streamlining the audit approach.
  • To work closely with the quant credit modelling team in both audits and advisory work to link technical concepts with financial statement and audit requirements.  
  • Provide technical, audit operational, and audit quality leadership.
  • Have a growth mindset to establish the credit risk group and expand service offerings.
  • To interact with audit committee members, credit risk officers and other senior management personnel and build credible relationships.

Skills and attributes required for the role:

  • Deep understanding of credit risk, IFRS 9 and banking concepts
  • A general understanding of credit modelling and approaches
  • Exposure to financial services IT environment  
  • Strong leader
  • Team player
  • Ability to work under pressure
  • Good communication (verbal and written) and interpersonal skills
  • Audit documentation software knowledge (eAudIT and Clara knowledge)
  • Up to date with accounting, auditing standards and global best practice templates
  • Enthusiasm, individual initiative and self-drive

Minimum requirements to apply for the role (including qualifications and experience):

  • CA (SA) or equivalent qualification and has at least 3 years’ experience since completion of training contract.
  • Experience in audits or advisory work over ECL.

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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