Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

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 EngineeringPost Graduate Degree in Actuarial Science, Statistics, Mathematics, Quantitative Risk Management or EngineeringRelevant 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 meetings5-8  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 StrategiesDocumenting FactsEstablishing RapportExamining InformationGenerating IdeasInteracting with PeopleInterpreting DataMaking DecisionsMeeting TimescalesProducing OutputTaking ActionUpholding Standards

Technical Competencies:

Audit Project ManagementBusiness Acumen (Audit)IA Data AnalysisIA Technology ApplicationInternal AuditingMaintain IA Professional Practices