The purpose of this position is to deliver the portfolio of audits, lead multiple teams responsible for the audit during the audit process (planning, execution and reporting) to ensure delivery of quality and value adding audits in compliance with auditing standards and relevant legislation in line with the AGSA strategy.

• Contributes to the development of the BU BSC initiatives.
• Implement the BSC initiatives within the BU.
• Lead as BSC champion on specific BU BSC KPIs.

• Assume overall responsibility for the planning, execution, completion and reporting of complex financial-sector audits. 
• Develop risk-responsive audit strategies considering each institution’s mandate, business model, funding structure and regulatory environment. 
• Ensure compliance with International Standards on Auditing, AGSA methodology, quality-management requirements and applicable reporting deadlines. 
• Exercise oversight over significant risks, judgements, estimates and contentious accounting or audit matters. 
• Direct group audits involving subsidiaries, associates, joint arrangements and component auditors, including the application of ISA 600. 
• Maintain audit quality through timely reviews, consultations, coaching and resolution of review findings. 

• Lead the audit of wholesale, agricultural, infrastructure and small-business loan portfolios. 
• Evaluate loan origination, credit approval, disbursement, monitoring, restructuring, collections and write-off processes. 
• Assess credit-risk governance, including concentration risk, counterparty risk, collateral management and related-party or connected lending. 
• Challenge the design and operation of IFRS 9 complex expected-credit-loss models.

• Oversee audits of complex financial instruments, guarantees, derivatives, investments, concessional loans and funding arrangements. 
• Assess classification, recognition, measurement, impairment, modification, derecognition and disclosure under IFRS 7, IFRS 9 and IFRS 13. 
• Evaluate valuation models, discount rates, cash-flow forecasts and fair-value hierarchy classifications. 
• Assess hedge accounting, liquidity management and funding-risk disclosures where applicable. 
• Coordinate the work of credit-risk, valuation, actuarial, legal, information-technology and data-analytics specialists

• The Banks Act and applicable banking regulations; 
• Financial Sector Regulation Act; 
• Prudential Authority standards, directives and guidance; 
• Basel III capital, liquidity, leverage and risk-management principles; 
• Governance, risk aggregation and regulatory reporting where relevant and any other financial regulatory standards.

• Perform and/or manage other projects, tasks and assignments not stipulated on the Job description as and when required

This position a minimum qualification of CA(SA)

 

The AGSA is not responsible for the verification of data provided and shall not be liable for any errors, factual, transcription or otherwise, contained in the information posted. Therefore, ensure that your online application and CV is correct, accurate and up to date. To successfully upload documents on the career site, ensure that the document name does not contain any special characters. This appointment is subject to the preferred candidate obtaining the necessary security clearance, reference checking and competency assessment. We embrace and commit in achieving employment equity within the organisation. Auditor General welcomes applications from all persons with disabilities. 

 

NB: Preference will be given to suitably qualified candidates currently employed within the Business Unit.