Overview of salaries statistics of the profession "Audit Senior in Johannesburg"

Requisition Details and Talent Acquisition Consultant REQ : Michelle ThabetheJob FamilyRisk, Audit and ComplianceCareer StreamEnterprise Wide Risk ManagementLeadership PipelineManager of othersJob PurposeThe Margin Analytics function plays an important role in Nedbank in terms of unpacking the Group and cluster:level net interest income (NII), interest earning assets (IEA) and net interest margin (NIM). The Senior Manager: Margin Analytics is responsible for managing the margin analytics processes and associated reporting into the various executive committees and public disclosures.The Margin Analytics function works closely with the Funds Transfer Pricing (FTP) team to keep abreast of the movements in the FTP rates and changes in methodology that will impact NIM and similarly with front:line clusters to unpack and understand the movements in client rates and any changes in inter alia strategy.The Senior Manager: Margin Analytics will be responsible for supporting the Executive: Funds Transfer Pricing and Margin Analytics with quantitative and qualitative tasks pertaining to Group and cluster:level NII, IEA and NIM and other Asset and Liability Management processes.Outputs (deliverables)Retrospective and Prospective Group NIM Analysis and Reporting:Responsible for analysing and reporting the drivers of Group and cluster:level NII, IEA and NIM movements through various reporting periods.:Managing the reporting of NIM analytics in public disclosure documents, e.g. results booklets. Support the Nedbank leadership team to present NIM to the market by raising key items, offering good insights and relevant analytics in a timely manner.:Collaborating with front:line clusters to, retrospectively and prospectively during the forecasting process, unpack the key drivers of movements in their funding and credit spreads and together with the FTP team liaise with front:line clusters to share information about movements in FTP rates and how it could be impacting their funding and credit spreads, endeavouring to have a consistent message being landed at the various management meetings. :Build strong relationship with and add value to front:line clusters through insightful engagements and analytics tools that BSM avail to ultimately ensure that the BSM Margin Analytics team is a partner of choice for front:line clusters.:Continuously optimising and automating NIM processes to ensure world:class reporting with key insights with maximum time spent on analytics and value:add.:Produce Group and cluster level NIM analytics over the forecasting period and enable constructive discussions to ensure that Strategic Portfolio Tilt, other Alco and management strategies and changes in the FTP methodology is correctly incorporated into the forecasting process.:Manage all other daily, weekly, monthly and adhoc responsibilities of the Margin Analytics team.:Keep abreast of market, accounting and strategy changes to anticipate and report the impact it could have on Group NII, IEA and NIM in a timely manner.Comprehensive Peer Analysis:Complete detailed peer analysis, including right:sizing analytics, by unpacking the NII, IEA and NIM drivers of the peer group as disclosed to the market and comparing it to the drivers in Nedbank.:Collaborate with Group Risk to overlay the Credit Loss Ratio and provide key insights to stakeholders.Contribute positively to the greater FTP and Margin Analytics and BSM team:Active involvement in the running of some of the key FTP processes to promote synergy in the greater team, reduce key:person dependency and encourage cross:skilling in the team.:Engage with the FTP, Interest Rate Risk in the Banking Book and BSM Finance teams on key developments, projects and strategies that will impact NII, IEA and NIM.:Role model human:centered leadership and values driven, ethical behaviour in Nedbank. Contribute posi

Requisition Details and Talent Acquisition Contact REQ 132688: Tshego SemenyaLocation: JohannesburgClosing date: 12 March 2024ClusterGroup Internal AuditCareer StreamAuditingLeadership PipelineManage Self ProfessionalPositionAudit Portfolio Manager: CIB Model Risk (Market Risk)Job PurposeTo deliver on the annual audit plan thereby providing reasonable assurance to stakeholders that key risks are being mitigated through adequate and effective management controls in accordance with Group Internal Audit (GIA) methodology.Each model audit assesses: model design, model documentation, quality of model inputs and data, model implementation (usage) and model governance. It assesses the following models::Credit risk models:Market risk models :IFRS9 Models:Pricing models:Liquidity risk models:Pillar II Risk Models:Stress testing models:Regulatory and Economic capital models:Financial Crime Risk ModelsThe successful candidate will also, as part of the audits, be required to interact with the relevant divisional teams in order to inform the scope of the assignment to be embarked on.Job Responsibilities:Reviewing key aspects of each model under review: model design, model documentation, quality of model inputs, model implementation and model governance:Performing audit fieldwork in terms of the audit program.:Documenting the audit testing performed.:Stakeholder engagements on audit issues identified.:Drafting of audit report: including executive summary and detailed audit findings.:Evaluating and monitoring of corrective actions taken to address control weaknesses identified.:Attendance of key risk committee and technical risk committee meetings where relevant:Interaction with the regulating authorities on model related matters.:Maintaining awareness of risk issues and changes across business units within Nedbank Group, as well as the Financial Industry:Seeking out internal and external best practice information to improve the quality of audits and provide customers with world:class perspectives and solutions.:Reporting significant issues related to the processes for controlling the activities of the Group whilst considering key/or emerging risks in annual audit plan.:Ensuring continuous improvement of the quality of audits through providing professional insights;:Providing insights from the outcomes of internal audit work to appropriate governing bodies, including the GAC and Board Risk Committee.:Maintaining an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders including Institute of Internal Audit, SARB, External Audit and Business Executives.:Building rapport and understand client current business reality, requirements, risks, and expectations and consider key and/or emerging risks in annual audit plan.:Ensuring that billable hours, budgets, and resources are optimally planned, and quality audits are delivered.Minimum Experience Level:3 years + extensive experience in model development, testing and validation or Model/Quantitative risk Audit (preferably within the banking or similar financial services industry);:Ability to operate independently with minimal supervision;:Knowledge of statistical, financial, risk and quantitative methods;:Proficiency in programming software packages such as SAS, SQL, R, VBA, PYTHON and MATLAB.:Understanding of credit, operational, market and liquidity risk models as defined by Basel II and III will be advantageous:A comprehensive understanding of relevant financial services regulatory frameworks and compliance requirements as well as practical experience of these.:Knowledge relating to Corporate Investment Banking including Market Risk.The following additional experience is preferred::Extensive internal/external audit and / or risk management experience in banking;:Actuarial an

Requisition Details and Talent Acquisition Contact REQ 133187: Tshego SemenyaLocation: JohannesburgClosing date: 17 April 2024ClusterGroup RiskCareer StreamEnterprise wide Risk ManagementLeadership PipelineManage Others (MO)PositionHead: Market Conduct Risk AssuranceJob PurposeTo be accountable for developing, controlling and outcomes testing, which forms a central element to Conduct Risk measurement and monitoring, providing insight into Conduct through identifying business practices, managing the continuous and proactive monitoring of conduct risks for the Group; and to provide independent assurance to all Nedbank Group stakeholders.Job Responsibilities:Deliver on the Group Conduct Risk Management strategies and annual conduct risk monitoring plans.:Develop conduct risk annual assurance plans working alongside Group Internal:Audit (GIA) and Group Compliance and ensure a co:ordinated approach.:Develop a quarterly thematic report providing insights into outcomes from co:ordinated assurance plan.:Providing insight into conduct risk exposure through identifying business practices and strategy, managing the continuous and proactive monitoring of conduct risks. "Outcomes testing" refers to a range of practices that assess whether customers have received a fair outcome.Analyse stakeholder and marketplace threats and opportunities that may result in conduct risk and provide mitigation solutions that ultimately enhance Nedbank's reputation and derive value.:Monitor Adverse Media for conduct risk and responding/leading appropriately.:Ensure the continuous, proactive, and consistent monitoring of conduct risks for the Group.:Review outcome of conduct risk practices of stakeholders by analysing, reviewing, and assessing internal controls presented as mitigants.:Monitor and analyse material conduct risks and control breakdowns through the facilitation of root cause analysis conducted by stakeholders and recommend appropriate corrective action and/or interventions.:Compile and/or provide input into internal conduct risk reports and external disclosures by presenting relevant conduct risk data for presentation to various internal and external committees.:Leverage data and data analytics to develop continuous monitoring of Market Conduct and develop predictive conduct risk indicators and analysis.:Engage with Financial Sector Conduct Authority on a quarterly basis on conduct risk themes within the organisation.:Engage on identification of conduct risk and the remediation thereof with Senior Executives:Setup up conduct risk assurance team and management thereof.:Responsible for developing an annual budget for monitoring and assurance as per the annual plan.:Keep abreast of local and international legislation and trends impacting market conduct.:Manage retention and succession of key staff to sustain the pipeline and ensure that the right conduct risk managers are appointed in the right jobs.:Coach and mentor team to make decisions and recommend tailored solutions to Business Unit specific conduct risk problems.:Identify career progression opportunities to improve personal capability and to stay abreast of developments in field of expertise.:Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders; to achieve goals and objectives.Essential Qualifications : NQF Levelstylemargin:top:0.0;margin:bottom:0.0::Professional Qualifications/Honour's DegreePreferred Qualification:Risk Management; Law; Finance, Accounting and/or AuditingEssential Certificationsstylemargin:top:0.0;margin:bottom:0.0::CA(SA), CFAMinimum Experience Level:7 : 10 years:Risk Management experience essential; Conduct Risk exposure would be preferable.Technical / Professional Knowledgestylemargin:top:0.0;margin:bottom:0.0::Risk Management:Regulatory knowledge:Leaders