Job Description

Job Overview

Business Segment:

Group Functions

Location:

ZA, GP, Johannesburg, 30 Baker Street

Job Type:

Full-time

Job Ref ID:

80442485A-0001

Date Posted:

7/15/2025







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 Engineering

Post Graduate Degree in Actuarial Science, Statistics, Mathematics, Quantitative Risk Management or Engineering

Relevant 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.

3-5 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 meetings

3-5 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 S

Represent Internal Audit at senior level committees, such as the Model Risk Committee, Actuarial Committees, and other governance forums.

Build and maintain strong relationships with senior stakeholders across Group Model Risk, Head of Actuarial Function, Model Validation, and relevant regulatory bodies.

Drive strategic initiatives to embed digital transformation, data analytics, and AI capabilities into the internal audit operating model.

AS).

Additional Information

Behavioural Competencies:

Developing Strategies

Documenting Facts

Establishing Rapport

Examining Information

Generating Ideas

Interacting with People

Interpreting Data

Making Decisions

Meeting Timescales

Producing Output

Taking Action

Upholding Standards

Technical Competencies:

Audit Project Management

Business Acumen (Audit)

IA Data Analysis

IA Technology Application

Internal Auditing

Maintain IA Professional Practices

Please note:

All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any from of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or TransactionFraudOpsSA@standardbank.co.za