At Deloitte, our Purpose is to make an impact that matters for our clients, our people, and society. This is the lens for which our global strategy is set. It unites Deloitte professionals across geographies, businesses, and skills. It makes us better at what we do and how we do it. It enables us to deliver on our promises to stakeholders, while creating the lasting impact we seek.

Harnessing the talent of 457 000+ people located across more than 150 countries and territories, our size and scale puts us in a unique position to help change the world for the better—by bringing together the services we provide, the societal investments we make, and the collaborations we advance through our ecosystems.

Deloitte offers career opportunities across Audit & Assurance (A&A), Tax & Legal (T&L) and our Consulting Services business, which is made up of Strategy, Risk & Transactions (SR&T) and Technology & Transformation (T&T).

About the Division

Our Regulatory and Financial Risk (RFR) team is a well-established advisor in the financial services industry. Our vision is to be the leading provider of advisory services to financial institutions and corporate treasury operations across Africa. The RFR team consists of a strong mix of business, risk, and regulatory experts who are skilled in both financial modelling and programming. This diverse expertise enables us to offer our clients practical solutions that address their comprehensive strategic and business model needs. Our services include:

1. Credit

• Design, Develop & Implement Credit Management Frameworks
• IAS 39 / IFRS 9 Impairment Models
• Basel Credit Models
• Credit Scorecards & Analytics
• Behavioural Product Pricing

1. Capital (Treasury, Capital & Liquidity Management)

• Risk Appetite and Risk Strategy
• Balance Sheet Management
• Stress Testing
• Asset Liability Management
• Financial Risk Management Modelling and Validation

1.  Valuations

• Derivative Instrument Valuations
• Hedge Accounting Advisory
• IFRS 2: Share Options and BEE Valuations
• Tool / Model Development and Validations
• Counterparty Credit Risk (xVA) Valuations

An exciting opportunity has become available. The RFR Vacation (VAC) programme is designed to provide students with work experience and offer them the opportunity to acquire key skills from our team, allowing them to showcase their skills and work on exciting projects.

The RFR Vacation programme will provide the students with the following opportunities:

• Hands-on project experience
• Professional skill development
• Career exploration
• Networking
• Insight into Industry Practices

Students who are eligible to apply are those aiming to complete their Honours or Masters Degree in 2026, specialising in any of the following relevant fields:

• Actuarial Science
• Data Science
• Mathematical Sciences/Statistics
• (Applied/Financial) Mathematics
• Quantitative Risk Management
• (Applied) Statistics

Application

If you are interested, please include the following documents in your application:

• Your CV
• Copy of your ID
• Your most recent Academic transcript
• Your Matric certificate
• Your Honours/Masters approval letter for 2026 (if available)

Please note:

The RFR Vacation programme will take place on the 12th -15th of January 2026. Only applications will all required documents uploaded will be considered.

The selected students will be required to be in-person at the Deloitte Waterfall offices in Midrand, Gauteng during these dates. Any travel and/or accommodation costs will not be covered and will be the student’s own responsibility.

Applications close on the 31st of October 2025.

At Deloitte, we want everyone to feel they can be themselves and to thrive at work—in every country, in everything we do, every day. We aim to create a workplace where everyone is treated fairly and with respect, including reasonable accommodation for persons with disabilities. We seek to create and leverage our diverse workforce to build an inclusive environment across the African continent.

Note: The list of tasks / duties and responsibilities contained in this document is not necessarily exhaustive.  Deloitte may ask the employee to carry out additional duties or responsibilities, which may fall reasonably within the ambit of the role profile, depending on operational requirements.

Be careful of Recruitment Scams: Fraudsters or employment scammers often pose as legitimate recruiters, employers, recruitment consultants or job placement firms, advertising false job opportunities through email, text messages and WhatsApp messages. They aim to cheat jobseekers out of money or to steal personal information.

To help you look out for potential recruitment scams, here are some Red Flags:

• Upfront Payment Requests: Deloitte will never ask for any upfront payment for background checks, job training, or supplies.
• Requests for Personal Information: Be wary if you are asked for sensitive personal information, especially early in the recruitment process and without a clear need for it. Fraudulent links or contractual documents may require the provision of sensitive personal data or copy documents (e.g., government issued numbers or identity documents, passports or passport numbers, bank account statements or numbers, parent’s data) that may be used for identity fraud. Do not provide or send any of these documents or data. Please note we will never ask for photographs at any stage of the recruitment process.
• Unprofessional Communication: Scammers may communicate in an unprofessional manner. Their messages may be filled with poor grammar and spelling errors. The look and feel may not be consistent with the Deloitte corporate brand.

If you're unsure, make direct contact with Deloitte using our official contact details. Be careful not to use any contact details provided in the suspicious job advertisement or email.