Manager - Financial Services Audit

About the role

PwC is hiring a Manager for its Financial Services Audit line of service in Karachi. The manager leads the day-to-day planning, execution and completion of audit and assurance engagements for financial services clients such as banks, digital and microfinance banks, insurance and takaful companies, asset management companies, mutual funds and capital-market entities. The role delivers high-quality, technology-enabled audits in line with PwC methodology, professional standards and Pakistan's legal and regulatory requirements.

Key responsibilities

• Manage audit engagements from planning through completion, including scoping, risk assessment, audit strategy, work programmes, execution, review and reporting.
• Understand each client's business model, products, systems, governance, regulatory environment and key financial-reporting risks.
• Assess significant risks, material estimates and judgments, including expected credit losses, impairment, fair values, insurance contract liabilities, provisions, investments, revenue recognition and regulatory capital or solvency matters.
• Apply International Standards on Auditing, IFRS, PwC methodology and requirements of ICAP, SBP, SECP, AOB and other regulators.
• Lead and review testing of business processes, internal controls and automated controls, coordinating with IT, actuarial, valuation, tax and other specialists.
• Ensure audit documentation is complete, accurate and timely, and manage engagement economics, staffing, budgets, milestones, billing and recovery.
• Act as principal day-to-day contact for the client, prepare communications to management, audit committees, boards, group auditors and regulators, and coach and supervise assistant managers, senior associates and associates.
• Support proposals, client presentations, industry initiatives and training while observing independence and ethical requirements.

Required profile

• Qualified Chartered Accountant and member of the Institute of Chartered Accountants of Pakistan.
• Minimum three years of post-qualification experience, substantially in external audit and assurance.
• Experience auditing financial services entities; exposure to banking, insurance, asset management or capital markets is strongly preferred.
• Ability to manage concurrent engagements and meet demanding statutory and internal deadlines.

Required skills

• IFRS Accounting Standards and ISAs, with practical exposure to IFRS 9; IFRS 17 knowledge is desirable for insurance assignments.
• Sound understanding of financial services regulations, corporate law, governance and financial-statement presentation in Pakistan.
• Proficiency in audit technology, data analytics and Microsoft Office; experience with PwC audit tools is an advantage.
• Strong engagement management, team leadership, coaching, client handling and communication skills.