Internal Audit Manager

Job Description

Manages the utilisation of resources on investigative assignments and projects

Investigates reports on fraud within the company

Hello future Audit Manager

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand's business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you We have an opportunity available for an Internal Audit Manager in the FirstRand GIA Model Risk team, based in Johannesburg.

Are you someone who can:

Lead the audit team in providing assurance on the adequacy and effectiveness of risk management, governance, processes and controls over models across the entire FirstRand Group. More specifically the successful candidate will:

• Provide management over a portfolio of clients and deliver high quality audit, validation and assurance service, including preparing and reviewing audit plans and work.
• Maintain the highest technical and professional standard.
• Think strategically about client needs by understanding their business and key risks.
• Manage the quality of audit work output to ensure excellence is achieved through the application of risk-based reviews which include standalone, end-to-end integrated and entity wide audits
• Ensure that the audit team continually identify and report on potential financial, operational risks (including Model risk) and regulatory risk when conducting audits
• Ensure that actual vs. approved/revised plan (including special requests) achieve the required coverage %
• Manage the Annual Audit Plan, continually reassessing and revising based on key or emerging risks.
• Identifying ways to maximise the relationship with clients and deliver added value by elevating our status to trusted partner / trusted advisor.
• Ensure excellence in reporting to model governance and audit structures (Audit Committees, Technical and Risk Committees and the Regulatory Authorities)
• Identify opportunities for model usage, model risk management, governance and maturity assessments and reviews as well as the independent validation of certain models as per the requirements from risk management and model governance structures.
• Provide guidance to auditors throughout the reviews in respect of the strategy, risks, controls and governance on the process being audited or validated, and advising on technical, methodology and regulatory issues.
• Drafting reports highlighting relevant control weaknesses, risks, recommendations and insights, as well as effective relationship management and communication with clients elevating our status to trusted partner / trusted advisor
• Create opportunities for innovation and creative thinking and contribute to the learning and knowledge sharing culture of the team.

You will be an ideal candidate if you:

• At a minimum have a relevant B degree, majoring in Statistics, Mathematics, Actuarial Science, Engineering, Data Science, Econometrics, Quantitative Risk Analysis, etc.
• A post-graduate qualification such as an Honor's or Master's degree would be an advantage.
• Can code or program in SAS, R, MatLab, Python, SQL, VBA, etc.
• Other suitable qualifications such as CFA, FRM or Actuarial Board Exams will be considered as well.
• Applicants should have knowledge and experience in Credit, Market, Liquidity, Financial Crime, Advanced Analytics and Operational Risk, with a minimum of 3 years' experience in model development, validation or auditing or model risk management in these risk types.
• Experience in managing projects in areas related to model development and implementation, model validation or auditing will also be a requirement for this role.

You will have access to:

• Challenging work in a complex and exciting environment
• Opportunities to innovate and create efficiencies.

We can be a match if you are:

• Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it.
• Have a comprehensive understanding of different risk types.

Are you interested to take the step? We look forward to engaging with you further. Apply now

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

21/10/25

All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.