Job Summary The Internal Audit Manager (Model Risk: Insurance Models) – VP is responsible for providing independent, objective assurance over Absa Financial Services / Absa Insurance, with a specific focus on actuarial and insurance model risk. This senior actuarial specialist role ensures the design and operating effectiveness of controls, the integrity of actuarial outcomes, and compliance with applicable actuarial guidance and regulatory requirements. Key Accountabilities / What You’ll Be Responsible For Actuarial Models & Regulatory Coverage – Provide assurance over actuarial methodologies, governance, and outcomes relating to liability valuation models, capital calculation models, embedded value calculation models, and compliance with relevant actuarial guidance (SAM, ORSA, IFRS 17). Ensure completeness, accuracy, and appropriateness of data used in calculations, including experience investigation analysis inputs and outputs. Audit Planning & Delivery Leadership – Participate in the 6+6 audit planning cycle, identify risks for coverage, and design fit‑for‑purpose testing strategies for key controls across the insurance actuarial environment. Execute and Manage Audit Testing (DEA & OET) – Manage the execution of Design Effectiveness Assessments and Operational Effectiveness Testing, lead and coach audit team members through planning, walkthroughs, test execution, documentation, and quality review. Quality Reporting & Issue Assurance – Produce high‑quality audit reports with insightful, root‑cause based observations, and drive the development of action plans that mitigate risk. Stakeholder Management & Collaboration – Develop and maintain strong relationships with audit and business stakeholders, engage proactively with Internal Audit colleagues, and provide technical support to uplift audit quality. Business & Domain Knowledge Development – Gain in‑depth understanding of Absa Insurance to identify and document key risks and controls within relevant processes. Minimum Requirements Relevant degree in Statistics, Mathematics, Actuarial Science, Data Science, or a related quantitative field. At least 5+ years’ experience in the insurance market (consulting or industry). Experience auditing in the insurance environment is advantageous. Experience with actuarial concepts and principles; strong technical capability; problem identification and analytical skills. Hands‑on experience with programming and/or analytical tooling (e.g., automation, data interrogation, model result interrogation). Proficiency in Microsoft Excel and experience with Prophet, Emblem, R and/or ResQ (desirable). Excellent written and verbal communication; ability to explain complex actuarial concepts to non‑specialist stakeholders. Strong stakeholder management skills and proven ability to build and maintain relationships. Ability to manage multiple deliverables, prioritise effectively, and meet deadlines. Skills & Competencies Strong understanding of core actuarial concepts and principles. Strong technical capability and analytical skills. Hands‑on experience with programming and/or analytical tooling (automation, data interrogation, model result interrogation). Proficiency in Microsoft tools (especially Excel) and experience with Prophet, Emblem, R and/or ResQ. Excellent written and verbal communication; ability to explain complex actuarial concepts clearly. Ability to manage multiple deliverables and meet deadlines with clear direction. Proven ability to build and maintain strong client/stakeholder relationships. Education Bachelor’s Degrees and Advanced Diplomas in Business, Commerce and Management Studies (Required). EEO Statement Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards equitable and diverse workforce representation. #J-18808-Ljbffr