Manager – Financial Services Audit

At PwC, our audit and assurance professionals deliver independent and objective evaluations of financial statements, internal controls, and other assurable information to enhance credibility and reliability for various stakeholders. They assess compliance with regulations, governance, risk management processes, and related controls. In addition to statutory audits, assurance services cover other regulatory and non-audit requirements, often requiring specialized knowledge of industry-specific or local and international standards.

The Manager role involves leading the planning, execution, and completion of audit and assurance engagements for financial services clients such as banks, digital and microfinance banks, development finance institutions, insurance and takaful companies, asset management firms, mutual funds, non-banking finance companies, and capital market entities. This position is responsible for delivering high-quality, technology-enabled audits in line with PwC methodology, professional standards, and Pakistan’s legal and regulatory framework.

Key Responsibilities

- Manage audit engagements from initial planning through to completion, including scoping, risk assessment, audit strategy, work programs, execution, review, and reporting.
- Develop a deep understanding of each client’s business model, products, systems, governance, regulatory environment, and key financial reporting risks.
- Evaluate significant risks, material estimates, and judgments such as expected credit losses, impairments, fair values, insurance contract liabilities, provisions, investments, revenue recognition, and regulatory capital or solvency issues.
- Apply International Standards on Auditing (ISAs), IFRS Accounting Standards, PwC audit methodology, and relevant regulatory requirements from ICAP, SBP, SECP, AOB, and others.
- Lead and review testing of business processes, internal and automated controls, and information produced by clients; coordinate with IT, actuarial, valuation, tax, and other specialists.
- Ensure audit documentation is complete, accurate, timely, and supports conclusions, consultations, and audit opinions.
- Manage engagement economics including staffing, budgets, milestones, billing, and recovery; escalate quality, delivery, or commercial risks promptly.
- Act as the primary day-to-day contact for client management, maintaining professional and timely communication with engagement leaders and stakeholders.
- Prepare and review communications for management, audit committees, boards, group auditors, and regulators as applicable.
- Coach, supervise, and review the work of assistant managers, senior associates, and associates, providing timely feedback and supporting their professional development.
- Support proposals, client presentations, industry initiatives, training, and business development activities while adhering to independence and ethical standards.
- Promote a culture of quality, integrity, professional skepticism, collaboration, inclusion, and accountability.

Required Qualifications

- Qualified Chartered Accountant and member of the Institute of Chartered Accountants of Pakistan.
- Minimum of three years post-qualification experience, primarily in external audit and assurance.
- Relevant experience auditing financial services entities, with strong preference for exposure to banking, insurance, asset management, or capital markets.
- Strong working knowledge of IFRS Accounting Standards and ISAs, with practical experience in IFRS 9; knowledge of IFRS 17 is desirable for insurance-related assignments.
- Sound understanding of financial services regulations, corporate law, governance requirements, and financial statement presentation applicable in Pakistan.
- Ability to analyze complex transactions, identify audit implications, exercise professional skepticism, and develop practical, well-supported conclusions.
- Proven engagement management, team leadership, coaching, client handling, and communication skills.
- Proficiency in audit technology, data analytics, and Microsoft Office; experience with PwC audit tools is advantageous.
- Ability to manage multiple engagements and meet demanding statutory and internal deadlines.

Preferred Qualifications and Benefits

While not explicitly stated, candidates with experience in digital tooling, AI fluency, and advanced data analytics will find this role aligned with PwC’s emphasis on technology-enabled audits. The position encourages continuous professional development and offers opportunities to contribute to business development and industry initiatives within a collaborative and inclusive work environment.

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This role offers a challenging and rewarding opportunity to lead assurance engagements in a dynamic financial services sector, supporting PwC’s commitment to quality and integrity.