Audit Risk management - Risk Manager (CARE)

  • Riverwalk Office Park, 41 Matroosberg Rd, Ashlea Gardens, Pretoria, 0081, South Africa
  • Full-time

Company Description

About Deloitte

Deloitte is the largest private professional services network in the world. Every day, approximately 220,000 professionals in more than 150 countries demonstrate their commitment to a single vision: to be the standard of excellence, while working towards one purpose – to make an impact that matters.


In South Africa, Deloitte is one of the leading professional services organisations, specialising in providing Audit, Tax, Consulting, Risk Advisory and Corporate Finance services. We serve clients in a variety of industries from financial services, to consumer business, energy, mining and manufacturing, tourism and the public sector, and we provide powerful business solutions to some of the world's most well-known and respected companies, including more than 80 percent of the Fortune 100.


Our professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities. We understand that our professionals hold interests outside of the work space and we aim to encourage work/life balance, supporting them in all aspects of their lives.


Our talented professionals and our clients understand the link between a strong learning and development programme and the ability for Deloitte to deliver on its promise of consistent, high-quality service delivery worldwide.


Whatever your age, gender or culture, take your career to the next level with the talents and capabilities you'll develop at Deloitte.


About the Division


Our Assurance services go beyond merely meeting statutory requirements. We help our clients perform better and achieve their business objectives. We listen to their needs, think about the business implications and tailor our approach accordingly. In today's changing global economy, businesses need trusted advisors. Because Assurance professionals at Deloitte take the time to understand our clients' business as well as the industries in which they operate, we can help them identify major risks and opportunities over and above performance of the traditional financial reporting function. Our services include:

  • Audit
  • Accounting and Auditing
  • Financial Institutions Services Team
  • Capital Markets Team
  • Actuarial & Insurance Solutions

Actuarial & Analytics Solutions


Job Description


Main Purpose of Job


Through continuous review and team engagement provide challenge and guidance to audit engagement teams of specific clients to ensure that the engagement teams comply with Deloitte policies, audit approach, auditing standards and regulation and appropriately identify, address and mitigate client, engagement and audit risks. Provide regular reporting on the assigned portfolio to the Audit Risk Leader.


What you’ll do / Specialized Competencies


Risk Management Program (“RMP”) client portfolio

·         Upfront involvement in the client and engagement risk assessment activities of RMP clients including ensuring that appropriate risk ratings are allocated and that appropriate mitigating activities are designed and implemented.

·         Review of audit risk assessment to ensure that significant risks and focus areas are appropriately identified

·         Review of the planned audit approach, working papers, conclusions and reporting for significant risks, focus areas, key areas of estimate and judgement

·         Review of documentation supporting the appropriate use of specialists and experts.

·         During the reviews consideration of any specific legal / regulatory matters (for example NOCLAR, JSE, local country legislation etc.)

·         Assess the appropriateness of internal consultations and the resulting conclusions have been appropriately documented and implemented by the audit team

·         Observation during attendance of discussions and meetings of consultation matters with National Office, Africa Risk Management or specialists, ensure such involvement is adequately documented and addressed  in the audit file

·         Risk review of audit committee documents, management letters and other deliverables to those charged with governance, and consistency with the audit file

·         Risk review of the audit report/opinion and that key audit matters (if required) are consistent with the audit execution evidence reviewed

·         Risk review of the financial statements, and consistency with the evidence in audit file on the significant judgement areas that create firm risk exposure

·         Provide challenge and guidance on risk matters to the RMP audit engagement team



·         Provide regular reporting to the Africa Audit Risk Leader on the performance and status of the RMP engagements, their risk evolution and how risks are mitigated.

·         Provide regular reporting to the Africa Audit Risk Leader for emerging common issues including possible mitigating actions for the audit portfolio

Risk Forecasting

·         Identification of anticipated, forecast and occurring risk events and their impact on the RMP client portfolio, ensuring that the RMP engagement team appropriately responds.

·         Document in writing the key risk matters and how they are addressed to be included in the RMP audit files


Key Performance areas


Strategic Impact

·         Interrogates, clearly understands and communicates to team the agreed strategic objectives of both own Service Area and that of the client Service Line/s

·         Manages the implementation of the strategic imperatives in line with service area strategy relating to:

→ Implementation of change initiatives within designated area/s

→ Management of the implementation of plan on a day-to-day basis with team

→ Monitoring skills level in team relating to required outputs, assisting as necessary

→ Clear and regular communication with superior and team on implementation status

·         Supports own Service Line leadership in carrying out EXCO mandate

·         Builds professional relationships within service line/s  to understand business needs in area/s of responsibility

·         Generates and implements innovative ideas and solutions within area of responsibility in collaboration with team members to enhance / renew service offerings


Client Impact: External / Internal

·         Manages quality and timeliness of day-to-day deliverables of team in area of expertise to client

·         Provides client management with sound professional advice and support across broad area of issues arising within area of expertise

·         Proactively identifies client service and technical issues and independently implement resolutions to address these

·         Participates in gathering of information for thought leadership process and share functional and industry knowledge and expertise with clients, colleagues and teams

·         Meets with team on a regular basis to provide updates from client and SL leadership and to get input from team


Operational Effectiveness

·         Manages day-to-day operations and delivery by team to clients

·         Guides and directs daily work of team members giving recognition as well as support as needed

·         Guides and directs daily work of team members giving recognition as well as support as needed

·         Updates Senior Manager on status weekly or as directed

·         Manages day-to-day risk issues within the team and ensures any contraventions are rectified and addressed

·         Acts as role model in the value of exceptional client delivery and growing the brand of Employer of Choice


Development/Growth of Team

·         Recruits, mentors and guides team members and shares expertise and knowledge with counselees on an ongoing basis

·         Identifies areas of development for team and institute plans to address these

·         Develops strong working relationships with key talent in team to ensure retention

·         Delegates appropriately and encourages team to share their expertise and knowledge

·         Provides relevant recognition and encouragement to team and leads by example

·         Acts as counsellor to senior consultant level and below within Service Line ensuring effective guidance in development and career growth

·         Demonstrates commitment to transformation agenda of the firm


Budgets / Profitability

·         Provides input into annual budget to superior for drafting of budget for Service Area

·         Manages expenditure within team and ensures time and expenses are submitted weekly



Minimum Qualifications - CA

Desired Qualifications - Honours Bcom Accounting and CA (SA)


Minimum Experience

·         5 years working experience (including articles) with a minimum of 2 years’ management experience in an audit firm, able to demonstrate leadership experience, risk management and risk intelligence


Desired Experience

·         Significant experience in financial services in particular the banking sector, excellent knowledge of financial reporting standards (including in particular IAS39/IFRS 9, IAS 32 and IFRS 7) and financial services laws and regulations in South Africa with working experience and knowledge of financial services laws and regulations elsewhere in Africa an advantage

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